Never has the competition over the blockchain race been tougher. The darlings of the next-generation Layer 1 story, conceived out of the tumult of failed Diems project Meta, and wielding the Move programming language, have been Aptos and Sui, with hundreds of millions in venture capital support all in hand. However, 2026 has come as an unexpected entrants with a new SVM-basedLayer 1: Fogo a trading-focused Layer 1 that has gone live in January 2026 and has already begun to curve the performance
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Never has the competition over the blockchain race been tougher. The darlings of the next-generation Layer 1 story, conceived out of the tumult of failed Diems project Meta, and wielding the Move programming language, have been Aptos and Sui, with hundreds of millions in venture capital support all in hand. However, 2026 has come as an unexpected entrants with a new SVM-basedLayer 1: Fogo a trading-focused Layer 1 that has gone live in January 2026 and has already begun to curve the performance