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

Summary: According to The Block, Fogo, a Layer1 blockchain project created by former Wall Street executives, launched its public testnet on Tuesday. Initial contributors stated that the architecture aims to replicate traditional finance (TradFi) execution standards in a decentralized manner, providing real-time transaction execution and on-chain trading infrastructure suitable for institutional scale.

According to The Block, Fogo, a Layer1 blockchain project created by former Wall Street executives, launched its public testnet on Tuesday. Initial contributors stated that the architecture aims to replicate traditional finance (TradFi) execution standards in a decentralized manner, providing real-time transaction execution and on-chain trading infrastructure suitable for institutional scale.

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