#fogo $FOGO

Fogo (FOGO) is a high-performance Layer 1 blockchain built on the Solana Virtual Machine (SVM), designed specifically for ultra-low latency, institutional-grade on-chain trading . As of January 2026, FOGO is trading near $0.040** with a market capitalization of approximately **$145 million .

The project is backed by a strong team, including former executives from Citadel and Jump Crypto, and has raised significant funding to develop its Firedancer-based infrastructure, aiming to process over 40,000 transactions per second . Its unique value proposition is capturing high-frequency trading volume in the DeFi space.

However, there are critical financial risks. FOGO has an unlimited maximum supply, with only about 7.24% of tokens currently in circulation . Future token unlocks could create significant inflationary pressure . Furthermore, the token has exhibited extreme volatility since its recent launch . While the technology is promising, potential investors should closely monitor ecosystem adoption and treat long-term price forecasts with caution .