What is Fogo (FOGO)? Fogo is a Layer 1 blockchain built on the Solana Virtual Machine (SVM), specifically designed for decentralized trading and financial applications. The project's main goal is to provide a fast and efficient blockchain trading experience, aiming to bridge the gap between the speed and accuracy of centralized and decentralized platforms. Key Features and Technologies: High Performance and Ultra Speed: Fogo is designed to address latency issues in decentralized finance (DeFi). Fogo achieves a block time of less than 40 milliseconds and a processing capacity of over 54,000 transactions per second (TPS), surpassing other networks like Ethereum and Solana. Firedancer Client: The Fogo network integrates the Firedancer validator client to achieve high throughput, low latency, and reliability. The Firedancer client is software developed by Jump Crypto to significantly increase transaction throughput and reduce validator running costs. Helt Order EngineAdditional information: The FOGO token was listed for trading on Binance on January 15, 2026. Fogo's price today is $0.0226 USD, with a 24-hour trading volume of $29.26 million USD. Fogo features a community-driven development approach and an active presence on social media platforms. Enshrined Limit Order Book: Fogo features an enshrined limit order book and a direct, protocol-level native oracle infrastructure, minimizing fragmentation and reliance on third-party services. Native Price Feeds: Instead of relying on sometimes slow external oracle services, Fogo has an integrated price feed. Network validators continuously provide price updates, resulting in faster and more accurate data. Solana Virtual Machine (SVM) Compatibility: Because it's built on an SVM, developers can migrate existing Solana applications to Fogo with minimal modifications. Multi-local Consensus: Fogo uses an innovative consensus model that groups validators by geographic region to reduce network latency, which is crucial for near-instantaneous transaction completion. Fogo's Vision: Fogo aims to provide near-instant execution speeds comparable to centralized platforms like Binance, while maintaining full asset self-custody. The project focuses on eliminating the trade-offs between speed and performance.
