$FOGO is the native cryptocurrency token of Fogo, a high-performance Layer 1 blockchain optimized for decentralized trading and financial applications.
Fogo is built using the Solana Virtual Machine (SVM) and leverages technology like the Firedancer client (originally developed to enhance Solana's performance). It focuses on ultra-low latency, aiming for sub-40 millisecond block times, ~1.3-second confirmations, and near-instant finality—making on-chain trading feel closer to centralized exchanges (CEX-like speed) while remaining fully decentralized.
Key features include:
Purpose-built for professional traders with fair execution, gas-free sessions in some cases, and infrastructure to minimize latency (e.g., validators colocated in Tokyo for proximity to markets).
Native price feeds (like Pyth oracles integrated in-consensus).
An enshrined DEX/order book design.
Protection against issues like MEV through mechanisms such as frequent batch auctions.
The project launched its public mainnet in mid-January 2026, following a strategic token sale on Binance that raised about $7 million. The team includes former Wall Street and trading firm professionals (e.g., ex-Jump Crypto, JPMorgan).
Current market data (as of mid-February 2026):
Price: Approximately $0.023 USD (with minor fluctuations; check live sources like CoinMarketCap or CoinGecko for real-time).
24-hour trading volume: Typically $12–25 million.
Market cap: Around $85–87 million.
Circulating supply: ~3.77–3.8 billion FOGO.
Total supply: ~9.95 billion FOGO (max supply often listed as uncapped or 10 billion in some sources).
Ranked roughly in the #250–310 range by market cap.
The FOGO token's utilities include:
Paying gas fees for transactions and smart contracts.
Staking for network security (with performance-based elements).
Governance participation (voting on upgrades and parameters).
Overall ecosystem fuel.
It's traded on major centralized exchanges like Binance, OKX, Bybit, Bitget, Gate.io, and others.
Fogo positions itself as a specialized chain for real-time, high-frequency DeFi and trading use cases rather than a general-purpose blockchain. Community sentiment on X appears positive among supporters, emphasizing its speed and trader focus.