Fogo is a next-generation layer-1 blockchain optimized for institutional-grade trading and decentralized finance workloads. Built on the Solana Virtual Machine (SVM), the network advertises block times of roughly 40 milliseconds—up to 18× faster than other high-performance chains such as Solana and Sui—and has reached a peak of 136,866 transactions per second on testnet according to Chainspect. The protocol incorporates custom MEV-mitigation features and near-instant finality to serve decentralized exchanges, launchpads, lending markets, and other real-time financial applications. At mainnet launch, about ten dApps—including the Valiant DEX, Moonit launchpad, Brasa liquid staking, and lending markets Pyron and Fogolend—are going live. Points-program participants can immediately convert their rewards into tradable FOGO tokens, which are listed on Binance, OKX, Bybit, Bitget, Gate.io, MEXC, LBANK, and Backpack. Fogo has funded development through multiple token and equity rounds, most recently a $7 million strategic token sale at a $350 million valuation. Prior financing includes an $8 million community-first crowdfunding via Echo in January 2025 and a $5.5 million seed round.

Total raised

$21M

Funding rounds

2

Latest round

Initial Coin Offering

Latest activity

Jan 2026