Fogo launches public testnet for high-speed Layer1 SVM chain, supporting on-chain transactions

According to ChainCatcher, The Block reported that Fogo, a Layer1 blockchain project founded by former Wall Street executives, launched its public testnet on Tuesday.

Early contributors stated that the architecture is designed to replicate traditional finance (TradFi) execution standards in a decentralized manner, providing real-time trade execution and on-chain trading infrastructure suitable for institutional scale.