Fogo has started operating a new blockchain mainnet based on the Solana Virtual Machine (SVM), The Block reported on Jan. 15.
The Fogo blockchain, developed by former Wall Street executives, was designed with real-time transaction execution in mind. Its block creation time is just 40 milliseconds. That is up to 18 times faster than existing high-speed networks such as Solana and Sui.
Fogo said it had fundamentally redesigned blockchain infrastructure for transaction applications. It said combining SVM-class performance, MEV mitigation and high speed would make it a suitable platform for decentralised exchanges (DEXs), trading protocols and financial applications.
With the mainnet launch, Fogo enabled holders of Fogo Flames points to convert rewards into Fogo (FOGO) tokens. The token can be traded on major exchanges including Binance, OKX, Bybit and Bitget.
Chi-gyu Hwang
delight@d-today.co.kr