Fogo launches mainnet performance testing project Fogo Fishing

According to Mars Finance, on December 6th, the SVM Layer1 blockchain project Fogo announced the launch of its Ecosystem Points Program 1.5 and the mainnet performance testing project Fogo Fishing. This project simulates high-frequency trading and throughput through on-chain fishing to test the mainnet. The activity will last approximately two weeks, during which several random snapshots will be taken. Fogo will airdrop rewards to users participating in fishing activities on Fogo Fishing and LP activities on Valiant Pools. Currently, the TPS of the Fogo Fishing project has exceeded 1000. Previously reported, on January 25, 2025, SVM L1 Fogo completed an $8 million funding round on the investment platform Echo, with a token valuation of $100 million. The Echonomist led the round, with participation from 4 CMS Holdings, Big Brain Collective, and Patrons. In December 2024, Fogo completed a $5.5 million seed round, with Distributed Global leading the $5 million investment. Fogo's co-founder is Robert Sagurton, a former executive at Jump Crypto.