#数字资产市场动态 $FOGO surged 48% after launch: What is the business strategy of a new public chain?

Another new public chain is making waves. This time, FOGO uses the classic "launch + rapid rise" approach to attract attention, but there's more worth examining behind the scenes.

**1. From "Eco-Story" to "Performance + Endorsement" Transformation**

FOGO highlights its SVM architecture and 45,000 TPS, positioning itself as an "institutional-grade public chain." What does this indicate? In the current public chain race, pure technical performance and institutional recognition have become the main competitive advantages. With Layer 2 and other Layer 1 projects competing fiercely, relying solely on ecological narratives is no longer sufficient.

**2. Is Launching the Peak? Hidden Risks Behind the Numbers**

24-hour trading volume reaches $270 million, with a volume-to-market cap ratio of 1.36. It sounds lively, but what does this ratio imply? It suggests a strong flavor of short-term speculation. After the price surges, momentum wanes, RSI shows neutral performance, and MACD indicates selling pressure. Whether the $0.054 level can hold will determine the outcome for bulls and bears.

**3. Fundraising as a "Credit Tool" for Projects**

$13.5 million in funding, with a 40.8x oversubscription during the Pre-TGE stage—these figures are not just about project funding but also serve as a "credit endorsement" at launch. The logic is clear: large fundraising → ample exchange resources → early project valuation is secured. Capital and exchanges have become part of the infrastructure.

**The Underlying Logic Remains the Same**

Technical parameters, capital stories, exchange relationships—public chain competition is no longer about whose code is more elegant, but about who has stronger overall strength. Beyond these grand narratives, another force is growing. Instead of chasing the highest TPS or relying on large-scale fundraising, it’s about community-driven accumulation.

For example, @Max_Charity’s approach is different: no complex performance metrics for show, but a clear action plan—to promote Giggle Academy globally, enabling educational resources to transcend geographical and economic barriers. While the market cheers for the next high-performance public chain, this network effect built gradually through small acts of kindness is slowly creating a more lasting, warmer foundation of value.