Blockchain startup Fogo has opened a public testnet for its high-speed Layer 1 network built on Solana’s virtual-machine architecture. The SVM-based chain is designed to process on-chain trading transactions more quickly than existing alternatives and is now accessible to developers and users for stress-testing. Participants can monitor network activity through a dedicated Fogoscan explorer, while Fogo collects performance data ahead of a planned main-net launch. The move underscores intensifying competition among trading-focused Layer 1 blockchains that aim to combine low latency with self-custody of assets.