黑天使

I’m gonna be honest… I’m tired and maybe that’s why I’m side-eyeing this whole thing harder than usual.

Another Layer 1. Of course. There’s always another one. Every cycle it’s like new chains pop up the way new coffee shops open in the same street — shiny logo, cool vibe, everyone says this one’s different. Then six months later half of them are empty.

Fogo’s angle is SVM. And yeah okay, that part actually makes sense. If you’re gonna build something, at least use something that already works. Solana’s VM isn’t some random experiment. It’s fast. It’s proven. Devs know it. That’s smart. I can’t even argue with that.

But also… if it’s using the same VM, then why wouldn’t people just stay on Solana?

That’s the part I keep coming back to.

I get it, performance tweaks, network-level optimizations, maybe better validator setup, maybe different incentives… fine. But is that enough to pull liquidity away? Liquidity doesn’t move because you shaved off a few milliseconds. It moves when there’s money to be made.

And yeah SVM parallel execution is powerful, I know that. Non-conflicting transactions running at the same time, less congestion, smoother experience. Cool. Sounds great on paper. Everything sounds great on paper though. I’ve read too many whitepapers at 2am to get excited just from architecture diagrams.

Maybe I’m just cynical.

High-performance chains always make me slightly nervous too. Because speed usually comes with trade-offs. Hardware requirements go up. Validator count goes down. Decentralization starts looking… flexible. And nobody likes talking about that part.

Still, I don’t hate the idea.

There’s something practical about not reinventing the wheel. Crypto wasted so much time building brand new environments that no dev wanted to learn. At least this way you’re not forcing builders to start from zero. That matters. Dev friction is real. If something feels familiar, people are more likely to try it.

But let’s be real, tech alone doesn’t win. It never does.

You need users. You need degens. You need capital flowing in. You need incentives so good people feel stupid ignoring them. Without that, it’s just another fast chain sitting quietly while Ethereum and Solana suck up all the attention.

And timing… timing is everything. If SVM-based chains become a narrative, Fogo could catch a wave. If not, it’s just “Solana-adjacent but smaller,” which is not exactly a killer brand.

I keep going back and forth. Part of me thinks it’s a smart strategic move. The other part is like bro we’ve seen this movie before.

It’s like opening a new gym next to an already popular gym and saying “ours has slightly better lighting.” Okay… but are people switching?

I don’t know.

I’m not bearish. I’m not bullish either. I’m just… watching. Curious but not convinced. It could work. It might not. That’s crypto.

And yeah maybe I’m overthinking it because it’s late and I’ve been scrolling too long… but new L1s don’t get the benefit of the doubt from me anymore. They have to prove it. Actually prove it.

@Fogo Official #fogo $FOGO