L1 Fogo @ FogoChain, which is compatible with SVM, has recently been launched on the testing network. The total financing is 13.5 million US dollars, which is not a lot, but there is a high probability that there will be more financing in the future. The purpose of L1 is to get on board! Including campnetnetwork @ campnetworkxyz and others, they are also L1. Plus, get on board! Start the Fogo tutorial directly one ⃣ Test website https://www. ((fogo.io))/start ① First, bind the wallet. Most mainstream SOL wallets support it ② Territorial waters https://faucet. ((fogo.io))/ At present, it seems that the water has been lost and is not easy to collect. If you have 1 SOL in your SOL wallet, you should be able to quickly receive it ③ Interactive Ecology Currently, Fogo has 4 dapps that can interact with each other https://valiant.trade/ https://fogo.fluxbeam.xyz/ https://rugcheck.xyz/?network=fogo https://form.pyron.fi/ There is another project to be launched, ambient @ ambient_finance At present, it seems that there is not much difference from the regular Layer1, after all, it is still very early, and more tasks may be added later two ⃣ Advantages of Fogo compared to other projects ① Next generation Layer-1 blockchain designed specifically for institutional DeFi and high-frequency trading ② Run a pure Firefighter client to achieve extremely low latency and high throughput (over 40000 to 50000 TPS), aiming to bring traditional financial speeds to the blockchain The significance of this financial Layer 1 is very significant: ① Enable on chain exchanges (DEX) to support high-frequency trading (HFT) ② Support low latency algorithm strategies such as institutional market makers and arbitrage robots ③ Narrowing the Performance Gap between TradFi and DeFi ④ Ultimately driving institutional capital into the on chain financial system Summary: Fogo's goal is to make "on chain trading experience=TradFi exchange", so that real financial infrastructure can be migrated to the on chain environment. This is an area that web3 urgently needs to improve!