Fogo, an SVM-based public blockchain, has demonstrated significant scalability in its testnet phase, achieving over 45,000 transactions per second (TPS). The project adopts a ‘Minimum Viable Decentralization’ (MVD) approach, aiming to strike an optimal balance between performance and decentralization. This strategy targets institutional-grade financial interactions by prioritizing efficiency while maintaining core blockchain principles. The testnet results suggest potential for high-throughput applications in regulated financial environments. Industry observers are monitoring whether Fogo’s technical framework can deliver both enterprise-level transaction capacity and sufficient network decentralization as development progresses.