Fogo Launches Public Testnet of High-Speed Layer1 SVM Chain, Supporting On-chain Transactions

BlockBeats News, July 22, according to The Block, Layer1 blockchain project Fogo, created by former Wall Street executives, launched its public testnet on Tuesday.

The 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.