What is Fogo?
@Fogo Official is a high performance Layer 1 powered by the Solana Virtual Machine, built to deliver ultra fast execution and low latency tailored for trading use cases.
After months of testing and community growth, Fogo officially launched its public mainnet on January 13, 2026.
Fogo leverages a custom Firedancer client to reach ~40ms block times, positioning itself against Solana and Sui, with testnet benchmarks claiming up to 18x higher performance.
Built to combine decentralization with serious speed, it targets real time trading use cases and recorded a peak of 136,866 TPS during testnet.
How much capital has $FOGO secured to date?
FOGO has raised $20.5 million across three rounds, balancing institutional backing with strong community participation.
Seed Round: $5.5M led by Distributed Global and CMS Holdings to fund core development.
Community Round: $8M at a $100M valuation via Echo, with 3,000+ participants and notable crypto investors joining.
Public Sale: $7M at a $350M valuation through a CEX Prime Sale alongside mainnet launch in January 2026.
In December 2025, FOGO canceled a planned $20M token presale and redirected those tokens to a community airdrop, reinforcing its community first positioning.
Who’s behind FOGO?
Founded in 2024 by Wall Street and quant trading veterans, FOGO is built with an institutional grade performance mindset.
Robert Sagurton
He is a Co Founder and former Global Head of Digital Asset Sales at Jump Crypto.
His background gives FOGO early insight into Firedancer, since Jump built the client, creating a strong edge in optimizing it for FOGO’s trading focused use case.
Douglas Colkitt
He is FOGO’s other Co-Founder and a former quantitative researcher at Citadel. He founded Ambient Finance, now FOGO’s native perpetuals exchange, and brings deep expertise in low-latency trading systems.
Michael Cahill
He contributes as CEO of Douro Labs and the Pyth Network, helping integrate Pyth’s real-time price oracles into FOGO to power its trading-focused applications.
Joey Stewart
He serves as Community Lead, playing a key role in FOGO’s community-first funding model and large-scale airdrop distribution.
How FOGO Operates on SVM and Firedancer
FOGO delivers its performance by combining the Solana Virtual Machine with the Firedancer client. Together, these components enable the network’s ultra low latency and high throughput.
SVM
SVM provides the execution environment for smart contracts. By building on it, FOGO stays compatible with Solana’s developer tools and programming model, allowing Solana developers to deploy on FOGO with minimal changes.
Firedancer
Firedancer is a high-performance validator client originally developed by Jump Crypto and engineered from the ground up for extreme throughput and ultra-low latency. FOGO runs a customized version tailored to its own network architecture and trading-focused use case.
Together, SVM and Firedancer enable block times of around 40 milliseconds—roughly 10x faster than Solana’s ~400 milliseconds. This dramatic reduction in latency is especially critical for high-frequency, latency-sensitive applications like on-chain trading.
In testnet conditions, the network reached peak throughput of 136,866 transactions per second. While mainnet performance will differ under real-world conditions, these benchmarks highlight the system’s theoretical capacity. The team positions FOGO as up to 18x faster than Solana and Sui in optimized environments.