SVM newcomer Fogo tests mainnet with fishing game: TPS exceeds 1,000, airdrop on the way

[SZ BlockBeats] There’s new movement in the SVM sector. A Layer1 project called Fogo recently conducted a pretty interesting mainnet stress test—they launched an on-chain fishing game called Fogo Fishing, using high-frequency transactions to simulate real-world scenarios and test throughput. Currently, TPS has already soared above 1,000, which is quite impressive for a testing phase.

This round of testing will last about two weeks, with random snapshots taken during the period. Here’s the key point: users who participate in the fishing game or provide liquidity in Valiant Pools will be eligible for an airdrop. The team has also upgraded the ecosystem points system to version 1.5, seemingly laying the groundwork for future token distribution.

The project’s fundraising history is also pretty solid: in January this year, they raised $8 million at a $100 million valuation on the Echo platform, led by The Echonomist, with CMS Holdings, Big Brain and other institutions following. Before that, in December last year, they completed a $5.5 million seed round, with Distributed Global leading with $5 million. Notably, co-founder Robert Sagurton previously worked at Jump Crypto, so the team has a strong background.