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 distributed an airdrop to OKX members, ranking 8th on CoinMarketCap with +15.31%.
Ranked 6th on CoinMarketCap's weekly top gainers list with a +25.54% gain for the week ending February 27, 2026.
Participates in Binance Spring Earn Fiesta with a $1M FOGO prize pool distributed based on task completion and leaderboard rankings.
Distributed airdrop to OKX Drops Club members who held at least $1,000 on the exchange.
Ranked 8th in CoinMarketCap's 24-hour top gainers list with a +15.31% price increase.
Completed token generation event (TGE) with a fully diluted valuation of $384M.
Added to Crypto.com's TWAP Trading Bot, bringing the total supported coins on that feature to over 200.
Crypto.com launched a trading promotion running from January 16 to January 30, 2026, where the top 2,000 participants who buy or deposit FOGO can earn $10 in FOGO.
Listed on OKX exchange in the United States on January 15, 2026.
Launched as the first L1 blockchain on Firedancer, with 40ms block times, 1.3s finality, and achieved 99,825 transactions per second, ranking second in maximum throughput.
Listed for spot trading on Crypto.com with fiat on-ramp support for USD, EUR, and 20+ currencies on January 15, 2026.
Integrated with SpherePay for on- and off-ramp support available across Dashboard and API.
Listed on Backpack for spot and perpetual futures trading, with 0-fee perpetuals for the first 7 days.
Listed on Binance for spot trading following the Prime Sale.
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.
Perpetual futures for the token opened on Hyperliquid exchange with the token trading above $5 billion market cap at opening.
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.
Portal Earn rewards doubled to 20 XP per dollar for USDC transfers to Fogo Mainnet Genesis via Portal Bridge.
The presale carries a $1 billion valuation.
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.
Burned 2% of allocation for a 2% token sale scheduled for December 17th; allocated 2% of total supply for Season 2 Flames incentive program.
The team burned 2% from their token allocation.
The ICO scheduled for December 17th will sell 2% of total token supply.
An ICO launches with 2% of the token supply on sale.
Presale participants receive 100% token unlock at TGE with no vesting period, according to a comprehensive ICO overview thread.
Three new applications launch on the ecosystem: Fogofishing game rewards users with $FISH tokens for stress-testing the network through transaction volume, Valiant DEX enables $FISH token trading, and Metaplax hosts a presale for the $FOGO gas token with all applications featuring gasless transactions.
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 powers the official native bridge of Fogo chain built for prediction markets.
Wormhole launches on the network, enabling cross-chain messaging functionality.
Live on Portal Earn with $FOGO rewards for Season 1. USDC transfers to Fogo Mainnet Genesis are open via Portal Bridge with 10 XP per dollar bridged.
Fogo Blaze launches on Portal Earn with $FOGO rewards for Season 1, USDC bridging to Fogo Mainnet Genesis opens via Portal Bridge with 10 XP per dollar bridged.
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.
Valuation reported at $100M for the project that previously raised $13.5M in funding.
Fogo secured $13.5M in funding at a $100M valuation as an L1/L2 blockchain project with active testnet and dapps.
Ambient Finance builds on the platform with its Dual Flow Batch Auctions trading model designed for MEV resistance and fair clearing prices.
Pyth integrated at consensus level for price feeds, with NFT whitelist access available through upcoming testnet trading.
ValiantTrade is launching soon on the platform, progressing from the development phase previously reported to imminent deployment.
Raised $13.5M total funding with $5.5M seed round led by CMS and Distributed Global, plus $8M from 3,000+ community members. Fogo Genesis NFT collection backed by the team is expected to be spotlighted soon as an airdrop farming opportunity.
An airdrop farming opportunity is available.
Mainnet launch expected soon, listed as opportunity in crypto market overview.
Valiant DEX is being built on FogoChain as the fastest spot DEX, featuring institutional trading tools, CLMMs, CLOB, native bridging, and a launchpad.
Account Abstraction with session key functionality is being implemented, enabling users to sign once and trade freely within preset limits without repeated transaction approvals or custody trade-offs.
Platform offers unprecedented dual compatibility with both SVM (Solana Virtual Machine) and EVM (Ethereum Virtual Machine), enabling instant deployment of applications from either Solana or Ethereum ecosystems.
Upcoming launch discussed at Digital Assets Conference in São Paulo hosted by MercadoBitcoin and BlackRock, alongside major institutional crypto players including FalconX, CME, Galaxy, Fireblocks, Tether, and Wormhole.
Fogo is listed among Layer 1/2 projects planning Token Generation Events in Q4 2024.
Competitor Plasma conducted a highly successful token distribution today for early supporters generating significant social media attention, with community members now requesting similar treatment for Fogo's early supporters and ICO participants.
Official ecosystem fund launched to drive investment toward projects building on the chain, with FluxBeamDEX focusing their entire tech stack on the platform.
Partnership with major trading firm Citadel confirmed alongside previously known Jump Crypto involvement. Vallant announces plans to build a DEX on the platform, launching day one of mainnet with rumors of accompanying airdrop and farming opportunities.
Foundation appoints veteran crypto lawyer Jonathan Edwards as General Counsel for U.S. operations.
Technical specifications reveal 40ms block time and sub-1s finality, with Pyth Network integrated directly at consensus for real-time market data. Genesis NFT collection launch announced alongside testnet trading competition.
Official event Fogo Fest launches in Seoul with media partnership during Korea Blockchain Week.
Technical infrastructure implements Jump Crypto's Firedancer client with batch auctions, aiming for sub-second finality and MEV protection.
Future Wormhole integration to enable cross-chain connectivity with 35+ networks.
Project identified as one of final three significant L1 launches before sector saturation, indicating shift toward application-focused development.
New foundation established to oversee ecosystem development and governance.
Mainnet deployment now scheduled for Q4, extending beyond previously announced Q3 timeline.
Ambient DEX testnet launch reaches final stage with 99.9% completion
Three new strategic partnerships announced: FluxbeamDEX (DEX aggregator), Ambient Finance (perp DEX), and PyronFi (asset productive layer), expanding the ecosystem's DeFi capabilities.
Strategic shift towards SVM chain exploration and BAM implementation to address Solana L1 limitations.