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

ChainCatcher news, according to The Block, the Layer1 blockchain project Fogo, created by former Wall Street executives, launched its public testnet on Tuesday.

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