Messari.io
-
13:00 Apr 22, 2025
Fogo is an SVM-based Layer-1 blockchain that applies decentralized infrastructure tradeoffs such as (i) a single Firedancer client, (ii) multi-local consensus, and (iii) a curated validator set to match traditional finance performance. The permissioned testnet launched on March 31, 2025, following a devnet in January, is being used to evaluate throughput, latency, and stability in a controlled environment. Early testnet results show ~40ms block times and a TPS of ~46,000. A public explorer was released on April 11 for real-time monitoring, and the Fogo Flames (Points) Program, launched on March 13, tracks participation across staking, trading, and community activity.