what's Fogo?
Fogo is a high-performance Layer 1 blockchain built on the Solana Virtual Machine (SVM) and powered by the pure Firedancer client, designed specifically for institutional-grade onchain finance and real-time trading experiences. It achieves ultra-low latency through decentralized colocation of validators, stake-weighted voting, and optimized consensus mechanisms that minimize delays and maximize parallel execution. This enables fast block times, high throughput, and near-instant finality, addressing key bottlenecks in traditional blockchains for applications like perpetual trading and DeFi. Fogo Sessions is a flagship UX innovation within the Fogo ecosystem, allowing users to connect their wallet once to generate a temporary session key, enabling gasless transactions and eliminating repeated signatures across dApps. This wallet-agnostic feature, integrated with protocols like paymasters for gas abstraction, provides seamless, secure access to trading and lending without compromising decentralization or user control, positioning Fogo as a leader in user-friendly blockchain interactions.
Fogo gained Robot Ventures investment and a Binance listing with Seed Tag.
Announced Robot Ventures, led by Robert Leshner of Superstate and Tarun Chitra of Gauntlet, as an investor.
Listed on Binance with Seed Tag applied.
Participated in a live Twitter discussion on January 8, 2026 about TPS valuation with a team member.
Airdrop snapshot completed for Fogo Fishers, Portal Bridge points holders, and USDC transfers since presale announcement for Flames points distribution. Total supply set at 10B tokens with foundation receiving 30.38% fully unlocked at launch and core contributors/investors locked for 4 years with 12-month cliff.
$FOGO token receives perps listing on UXUY exchange as buildup to mainnet. First airdrop rewards drop at public launch on January 13, with TGE scheduled for next month.
Mainnet launch set for January 2025.
Pre-market trading reached approximately $1.2B FDV and price has fallen below $1B FDV following the sale cancellation.
FOGO justified its $1B raise by comparing itself to Monad blockchain.
Dune Analytics adds Fogo as the first SVM chain to its platform in 2026.
Fogo cancels its $20 million pre-sale and pivots to airdrop distribution model for the upcoming mainnet launch.
A co-founder is identified as the founder of Ambient/Crocswap, a project that allegedly rugged users.
Traders explicitly warn of pump and dump pattern with predictions of 20-30% short-term rise before dropping below $1B valuation within one week.
The TGE in January features 100% token unlock with full circulating supply at launch. Metaplex Genesis powers the token launch, marking the first L1 to use this SVM launch protocol, with USDC pre-funding currently available for the presale.
Fogo was created anticipating Firedancer would never gain meaningful stake on Solana, but recent developments challenge this assumption and the project's relevance faces questions if the Agave client continues to optimize and push performance.
Pre-market perpetual futures on Hyperliquid trade at $1.3B FDV, 30% above the announced $1B ICO valuation.
Hyperliquid lists FOGO-USD perpetual futures with up to 3x leverage, enabling traders to long or short the token before its launch.
The ICO raises $20M through the sale of 2% of total token supply on December 17th.
Bridging rewards double on Portal Earn, with USDC transfers to Fogo Mainnet Genesis now earning 20 XP per dollar (up from 10 XP).
FDV announced at $1B with mainnet launch scheduled for January 13th, where sale allocations will be fully unlocked. Doug Colkitt (ex-Citadel, co-founder of Ambient Finance) confirmed as Founding Contributor and will speak at ETHDenver 2026.
The team burned 2% of their allocation to accommodate the 2% token sale scheduled for December 17th.
The ICO scheduled for December 17th will sell 2% of total token supply.
Presale participants receive 100% token unlock at TGE with no vesting period, according to a comprehensive ICO overview thread.
Ecosystem applications now live including Portal Bridge for USDC bridging, Fogofishing game that earns $FISH token, and Valiant DEX for $FISH trading, all featuring gasless experiences via native sessions implementation.
USDC pre-funding is now open for the December 17th presale, with token settlement occurring at public mainnet launch.
Fogo token transfers are now live on Mayan platform.
Tokenomics revealed: 80% allocated to insiders including 36% team and 30% foundation, with team tokens unlocked at TGE while investor tokens remain locked. US, UK, and Canada banned from presale participation.
The December 17th presale is powered by Metaplex Genesis, with a wallet cap that increases every two hours during the FCFS allocation process.
Raises $8M via Cobie's Echo platform with presale launching December 17th offering 2% token supply on FCFS basis, $100 minimum participation, and community receiving more supply than VCs (first time in an Echo-led deal). FDV remains undisclosed; participation requires USDC transfer from Phantom wallet to project's own SVM wallet.
In-game USDC spending triggers $FISH buybacks and burns, and unprocessed $FISH tokens earn yield through integration with Valiant Trade.
FogoFishing dApp is now live and operational with active $FISH token swaps for USDC, featuring a dual-token model and bitcoin-style halving where emissions halve every 14 days with daily network-wide difficulty adjustments.
Expected to launch in H1 2026 (January-June 2026) according to a market analysis listing upcoming crypto project launches.
Fogo Blaze program goes live on Portal Earn, offering boosted XP for USDC transfers through Portal Bridge.
Incentive program on Portal Earn rewards XP for both bridging and swapping activities, with boosted XP available on certain tokens and chains, and includes a public leaderboard.
Wormhole launches on the network, enabling cross-chain messaging functionality.
Portal Earn now offers Fogo Blaze with $FOGO Season 1 rewards, USDC transfers to mainnet are live through Portal Bridge at 10 XP per dollar.
An airdrop is currently being farmed with daily tasks taking approximately 10 minutes per day.
Mainnet genesis completes with USDC transfers now open, though dApps remain unavailable.
Mainnet genesis launches, with Ambient coming soon.
Listed among potential pre-2026 TGE projects, described as an SVM Layer 1 blockchain focused on RWA.
A collaboration with spaace_io commences this week, providing a 3x boost for the community.
ValiantTrade builds spot trading functionality on the platform.
Genesis NFT collection supply confirmed at 2950 pieces, with whitelist access granted to top 30% of mindshare leaderboard participants.
The project now offers active farming opportunities.
The $8M public raise completed in less than 2 hours at a $100M valuation.
$8M of the $13.5M total funding comes from a public raise on Echo, with Distributed Global and CMS Holdings joining as investors.
Genesis NFT collection announces free mint with whitelist campaign via mindshare leaderboard ending November 14th. The project secured $13.5M in funding.
Analytics platform Birdeye announces upcoming integration of Fogo chain support with its data and tracking features.
ValiantTrade completes comprehensive smart contract audit with Failsafe and prepares to launch on Fogo mainnet.
Renaud Partners backs ValiantTrade, which develops spot trading capabilities on the platform.
The project operates as an SVM L1 for trading, with token (FOGO) TGE expected in Q4 though not officially confirmed by the team.
Fogo partners with Ambient Finance to implement DFBA (Dual Function Batch Auction) technology with 40ms blocktime capability. The execution mechanism launches soon.
Fogo secured $13.5M in funding at a $100M valuation as an L1/L2 blockchain project with active testnet and dapps.