Fogo is building a high performance Layer 1 around the Solana Virtual Machine. On paper that makes sense. The SVM has already proven it can handle serious throughput with parallel execution and efficient state management.
But copying the engine does not recreate the ecosystem.
A new Layer 1 needs liquidity security budget infrastructure and real developer commitment. Speed alone is not enough. If builders are already on Solana the question becomes simple. Why move.
Fogo is making a credible technical bet. The harder challenge is economic gravity.
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