Fogo (FOGO) is a high-performance Layer-1 blockchain built mainly for fast on-chain trading and decentralized finance (DeFi). It is designed to reduce transaction delay (latency) and provide very quick execution, making it suitable for real-time trading applications.
Fogo is compatible with the Solana Virtual Machine (SVM), which means developers can easily move Solana-based apps to the Fogo network. The blockchain focuses on speed, low fees, and smooth trading performance.
The FOGO token is used to:
Pay transaction (gas) fees
Stake to secure the network
Participate in ecosystem rewards and governance
Fogo aims to bridge the gap between centralized exchanges and decentralized trading platforms by offering faster block times and efficient execution.
Like all cryptocurrencies, FOGO’s price and adoption depend on market demand, developer support, and overall crypto market conditions