This changes the value proposition of the token. It is now an infrastructure resource that professional actors use to enable flow, rather than a currency that users are compelled to hold.
1. The Macro Mismatch
There is a mismatch between Millisecond Infrastructure and Daily Capital.
Fast State: Fogo changes state in the blink of an eye.
Slow Capital: Human decision-making, risk management, and global liquidity cycles operate on the timescale of hours, days, or months.
In a "cheap money" environment, Fogo’s speed is a lubricant, and everything becomes cheaper. In a "tight money" environment, Fogo’s speed is an accelerator of deleveraging, allowing capital to leave the system faster than a slower chain could process a transaction.
2. MEV: The Proximity War
Speed is not the death of MEV (Maximal Extractable Value); it merely changes the playing field. The battle for MEV is now one of Latency Proximity.
The New MEV: The battle is now between who is "closest" to the sequencer—either physically or logically. When the window of opportunity is only a few milliseconds wide, the winner is the one who sees the state transition first.
Summary: The Real Test
Fogo’s success will not be measured by TPS (Transactions Per@Fogo Official $FOGO #fogo 