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Fogo Launches Mainnet Performance Testing Project Fogo Fishing
Summary: SVM Layer1 blockchain project Fogo announced the launch of the ecosystem points program 1.5 and the mainnet performance testing project Fogo Fishing, simulating high-frequency trading and throughput to test the mainnet. The activity will last for about two weeks, with several random snapshots taken during this period. Fogo will airdrop users participating in fishing activities ...
SVM Layer1 blockchain project Fogo announced the launch of the ecosystem points program 1.5 and the mainnet performance testing project Fogo Fishing, simulating high-frequency trading and throughput to test the mainnet. The activity will last for about two weeks, with several random snapshots taken during this period. Fogo will airdrop users participating in fishing activities on Fogo Fishing and LP activities on Valiant Pools. The current TPS of the Fogo Fishing project has exceeded 1000. On January 25, 2025, SVM L1 Fogo completed an $80 million financing on the Echo platform with a token valuation of $1 billion, led by The Echonomist, with participation from 4 CMS Holdings, Big Brain Collective, and Patrons. In December 2024, Fogo completed a $5.5 million seed round financing, led by Distributed Global with $5 million. Fogo's co-founder is former Jump Crypto executive Robert Sagurton.
