Fogo is one of the few new L1s that treats execution jitter as the core problem, not a footnote.
It runs an SVM chain with a Firedancer-based client and a zone-style “multi-local” validator setup that’s explicitly about keeping latency predictable.
Public mainnet went live January 15, 2026, with the network targeting ~40ms blocks—basically designing the chain around venues where milliseconds change fills.
Funding was also clean and measurable: a Binance sale of 2% supply, priced at a $350M FDV, raising ~$7M.