#fogo $FOGO

@Fogo Official operates with 40ms block times compared to Solana's 400ms. The difference affects market maker behaviour. Market makers post bids and offers on both sides of an orderbook, earning the spread when trades execute. If prices move before they can update their quotes, informed traders can pick off stale orders at unfavourable prices.

On Solana with 400ms blocks, a market maker posting a quote faces exposure during which Bitcoin can move $50 or more in volatile periods. Market makers respond by quoting wider spreads, posting smaller size, or paying priority fees for faster cancellations. With 40ms blocks, the exposure window shrinks correspondingly. Binance's top-of-book updates in approximately 10ms and the full orderbook refreshes every 100ms. At 40ms block times, market makers on Fogo can submit regular onchain transactions to update quotes and stay roughly in sync with centralised exchange prices. The block time is short enough that arbitrageurs cannot profitably outcompete makers by paying higher priority fees, since the window for arbitrage to occur is too narrow. This removes the need for Jito-style priority fee mechanisms and allows makers to quote tighter spreads.

Pre-mainnet testing showed approximately 1-second finality across validators in three consensus zones producing 25 blocks per second. Testnet achieved approximately 46,000 theoretical TPS with 20ms blocks in January 2025. ‘Fogo Fishing’, a crypto-economic gaming application helped to stress test the Fogo chain. With users testing the Fogo Fishing application, the network reached 99,825 TPS over 100 blocks, while real-time TPS over the past hour sits at 827 TPS.