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Fogo has launched the public Testnet for its high-speed Layer 1 SVM chain, supporting on-chain transactions.
According to BlockBeats news on July 22, The Block reported that Fogo, a Layer1 blockchain project created by former Wall Street executives, launched its public testnet on Tuesday. The first contributors stated that the architecture aims to replicate the execution standards of TradFi in a decentralized manner, providing real-time trade execution and on-chain trading infrastructure suitable for institutional scale.