SVM Layer 1 Fogo launches mainnet

SVM Layer 1 chain Fogo is launching its public mainnet, The Block reported. Fogo stated that the network features a block generation time of 40 milliseconds and boasts speeds up to 18 times faster than Solana (SOL) or Sui (SUI). Additionally, holders of Fogo Flames points will be able to convert them into FOGO tokens.