Fogo using SVM is actually interesting… not because it’s “another L1” but because at least they didn’t copy-paste EVM again.
Still, Solana already exists. That’s the elephant in the room.
Fast is good. But fast alone doesn’t move liquidity. People stay where the crowd is.
I’m not bearish on it… just cautious. If they build something that actually needs that performance, it could work. If it’s just benchmarks and token incentives, it’ll fade like the rest.
Watching it. Not marrying it.