BNB basically has take over the meme liquidity for now. Solana has enjoy the happy time and get the meme mindshare in the pasty years. Since the ICM narrative proposed, they actually give up the meme narrative, and start to embrace the on-chain IDO.

One of the top ICM narratives is Solana forks, Toly has been advocating for someone to "Fork Solana" for many months. There is slight difference between Solana Forks and previous SVM narrative, SVM mainly focus on execution layer, and we can see lots of them would have to modify to adhere the demands, such as Layer2, payments.

Fork Solana is much more straightfoward, Forks are full-stack networks, not just execution layers, and operate as separate entities from Solana mainnet.

Wave of SVM narrative

Fogo

FogoChain is designed particularly for institutional-grade finance and high-frequency trading, which is most positioning in this market. Built as an SVM (Solana Virtual Machine) chain, it runs the Firedancer client in its purest form, achieving breakthrough metrics such as 46,531 transactions per second (TPS) and 40-millisecond block times.

Fogo differentiates itself through innovative architecture, including multi-local consensus and a performance-incentivized validator set, aiming to bridge traditional finance (TradFi) performance with decentralized infrastructure.This report covers Fogo's background, technology, team, funding and tokenomics, ecosystem, community, roadmap, competitors, risks, and future outlook. Information is drawn from official sources, web searches, and X ecosystem analysis as of the current date.

Architecture

FogoChain runs the Firedancer client in its purest form, achieving breakthrough metrics such as 46,531 transactions per second (TPS) and 40-millisecond block times.

Aspect Fogo Solana Monad
TPS 46k+ ~5k (congested) 10k+ (claimed)
Block Time 40ms 400ms ~1s
Consensus Multi-Local PoS TowerBFT Parallel PoS
Client Pure Firedancer Diverse (Agave/Firedancer) Custom EVM
Focus HFT/Trading General DeFi Scalable EVM

The testnet only containing voting transaction reach average 100 TPS for now.
But at peak, it could reach 10K TPS in the early testnet.

Team

Fogo's team comprises industry veterans with expertise in quant trading, blockchain infrastructure, and finance:

Funding and Tokenomics

Fogo has raised $13.5 million total: $8 million public sale via Echo at $100 million FDV. $5 millio in seed round.

Round Amount Valuation Date Investors
Community $ 8 M $ 100 M Jan 24 CMS Holdings,Kain Warwick],Larry Cermak,Cobie
Seed $ 5.5 M -- Dec 31, 2024 Distributed Global,CMS Holdings

Fogo is pre-token ($FOGO), with no official tokenomics released. Speculative leaks suggest a structure similar to Monad, but these are unverified. Speculative leaks suggest a structure similar to Monad, but these are unverified. Q3 updates mention vesting schedules for investors (36 months), but details remain sparse.

Ecosystem

Fogo's ecosystem emphasizes trading

Fogo Flames

The program rewards users with Flames points for contributing to the ecosystem through various activities, such as on-chain interactions, social engagement, and testnet participation.

Season1 has been concluded, Season 2 is not disclosed for long time, maybe skip to TGE directly

Fork Solana Now

SVM narrative in some way has proven eco is not hyped as we would expected. And those project are far away from the EVM forks before. Only Solayer is successful in some way.

Fork Solana is a cost saving way than the previous SVM. Just fork it, could incentive more developers to build some application specific chains to grow up the whole SVM ecosystem.

Let's see current which client codebase is more popular first

The primary clients are the Rust-based Agave (from Solana Labs) and its forks like Jito (which adds MEV features), alongside the newer C-based Firedancer (from Jump Crypto) and its hybrid variant, Frankendancer. Frankendancer is a hybrid of Firedancer and Agave code running side by side. Frankendancer replaces the Agave networking stack and block production components to perform better while leader. It is not yet possible to run a full Firedancer validator, which is in heavy development. Jito flags are added to any version for a validator that has mev rewards from jito.

Firedancer delegating 2M SOL to ~100 validators, so Firedancer's stake has surged from ~9.3% in July 2025 to over 20% by early October.

The Forward Industries launch on DoubleZero (a high-performance fiber network) highlights institutional interest, with DoubleZero now hosting ~29.5% of stake across 395 validators. Not all DoubleZero validators use Firedancer, but many do, contributing to its rise.

There are currently three ICM project targeting Fork Solana, each with a different story and positioning.

Forks Since Position Toly Followed Sol Foundation Followed Dev Progress Docs Eco
Banana 2025/8/19 Fork as a service Yes No Testnet Complete Nope
Analos 2025/8/22 Meme Fork No No Mainnet Complete Basic
Gorbagana 2025/6/21 Trash Fork No No Testnet Complete Basic

Banana Chain

Banana Chain positions itself as a "Fork-as-a-Service" platform built on a specialized fork of the Solana blockchain, tailored for memes, fun, and games. The project's focus on high-throughput tools like TPS testers and ephemeral rollups positions it as a niche player in Solana's ecosystem, and it has garnered attention from Solana co-founder Anatoly Yakovenko through quotes and replies on X.

For Banana chain itself, is a Solana fork utilizing SVM for parallel transaction processing, inheriting Solana's Proof of History (PoH), Tower BFT consensus, and tools like Turbine for block propagation.

The team is anonymous, with no public bios, LinkedIn, or doxxing. X posts suggest experienced devs (e.g., rapid tool builds), but lack of transparency fuels scam concerns. Advisors include @lightofrahim (prev. community Solana, former Solana Spaces marketer, Arab/indian mixed, parents were born in east africa, was raised in Canada).

Product Pipeline

Ecosystem

Component Description URL Key Details
Wallet Custom wallet extension built specifically for Banana Chain https://wallet.analos.io Both Dev mode under Chrome Extension, or custom RPC in Backpack
RPC High-throughput nodes for chain interactions. https://alpenglow.bananachain.dev, https://rpc.bananachain.dev

 Two set of RPC, both down
Faucet 1000 $Banana https://faucet.bananachain.io/ Airdrop failed

Dev Progress

Phase Focus Status Key Items
1: Foundation Basics (website, token launch, listings) 100% $BANANA launched, CMC/CG.
2: Development Infrastructure (Testnet, Wallet, Marketing) 100% Banana Wallet, global marketing.
3: Expansion Tools (TPS Tester, Validators, Partnerships) 22% TPS upgrades, CEX listings.
4: Integration Ecosystem (AMMs, Rollups, Integrations) 0% (in progress) Ephemeral Rollup dev, Raydium/Orca forks.
5: Maturity Advanced Services (Launchpad, Charts, Bridge) Tracking SVM Bridge, SPL wrappers.

Their twitter update align with the disclosed roadmap progress, but GitHub is till a personal account, with four public repos, and no updates since August.

$BANANA

Its token $BANANA is highly controlled. Tokenomics details are minimal, with no official breakdown of allocations like team shares, burns, or staking rewards. As a utility token in the Banana Chain ecosystem

Analos

Analos ($LOS) may be the only functional fork of Solana from ICM, launched in September 2025. It offers a vertically integrated ecosystem with native tools including RPC, Wallet, Explorer, Bridge, DEX, and Launchpad, aiming to provide enhanced performance, lower costs, and greater decentralization compared to Solana. The project emphasizes deflationary tokenomics through regular burns, fair launches without MEV (Miner Extractable Value), and community-driven growth.

The project's name is "Solana" spelled backward, adding a meme-friendly element that has contributed to community hype. So the application on its mainnet is mainly for MEME launchpad. So far, we could treat it as a chain designed for Meme launchpad, separate the MEME narrative from Solana mainnet.

Ecosystem

For team behind the project, no public members now, but the team shipped the product faster than others, and build a strong ecosystem with basic infra and tools.

Component Description URL Key Details
RPC High-throughput nodes for chain interactions. https://rpc.analos.io Optimized for DEX/Launchpad integration; supports high TPS.
Wallet Native wallet for secure signing and balances. https://wallet.analos.io Integrated with bridge and DEX; supports token claims.
Explorer Real-time blockchain viewer for transactions/blocks. https://explorer.analos.io Custom-built with search for accounts, tokens, and stats.
Bridge Cross-chain transfers between Solana and Analos. https://app.analos.io/bridge Min bridge: 10K $LOS; base fee: 1 $LOS; oracle-based for security.
DEX Native decentralized exchange for swaps. https://dex.analos.io Supports bonded tokens; fees contribute to burns/validators.
Launchpad Platform for token creation and fundraising. https://app.analos.io/ Bonding curve for liquidity; creator fees claimable via dashboard.

The experience is smooth, bridge arrived quickly, swap and bet on launchpad all works. But the UI and interface is AI generated for sure, need to upgrade, validator set need to be expanded. Back to see their launchpad, 80+ tokens launched; 3 bonded; 24h DEX volume ~$41.8K as of Oct 14.

There are multiple ecosystem projects gradually coming up. Most of them are still memecoin, one project from MEN is building some product to support their coin.

Media Matrix

It is uncommon to see a ICM project to build its own media matrix. Analos Guild serves as a dedicated fan account for Analos, promoting $LOS token through ecosystem updates and community initiatives. It spotlights lesser-known developments like the integrated Analos Pay for token swaps and merchant APIs, alongside a 50,000 $LOS creative contest to boost engagement.

The account builds hype around Analos's live pitch to Solana co-founder Anatoly Yakovenko on October 28, 2025, envisioning it as a parallel chain for enhanced developer freedom and Solana's multi-chain evolution. On Oct 28, 2025, not only pitch on Solana's X account to Anatoly Yakovenko, but also Mert He, Ansem, and Qiao. More exposure coming

$LOS

$LOS is the native token, used for fees, bridging, and ecosystem interactions. It is deflationary, with mechanisms to reduce supply over time.

The oracle claims all trading and migration fees from the launchpad and DEX every 10 minutes, distributes all tokens into the burn and validator vaults every 30 minutes:

Gorbagana

Gorbagana Chain is a community-driven Layer 1 blockchain forked from Solana, originating as a meme coin ($GOR) in June 2025. It embodies a "trash culture" ethos—chaotic, degen-focused, and anti-establishment—aiming to create a fair, fast, and meme-centric ecosystem without VC funding or premine. The project has evolved from a satirical dare into a functional chain with testnets, a bridge, NFTs, and ongoing development.

The project traces back to a June 2025 Twitter exchange between crypto lawyer Gabriel Shapiro (@lex_node) and Solana co-founder Anatoly Yakovenko. Shapiro jokingly proposed forking Solana as "Gorbagana" (garbage + Solana), and Yakovenko challenged: "If there's no Gorbagana chain in 48h, I'll be disappointed." Community members, including developer Sarv(@Sarv_shaktiman), took it seriously, launching a Solana-based meme coin ($GOR) and forking the chain within 24 hours.

Core Team:

Current council members are only three people: Gabriel Shapiro, Sarv, Tom Howard

We could refer to the comparison posted by Analos Guild

Dev Progress

Built on Solana's proven architecture, Gorbagana inherits:

  • Proof of History (PoH) consensus - Cryptographic clock for transaction ordering
  • Tower BFT - Practical Byzantine Fault Tolerance optimized for PoH
  • Turbine - Block propagation protocol for fast network communication
  • Gulf Stream - Mempool-less transaction forwarding
  • Sealevel - Parallel smart contract runtime for high throughput
  • Pipelining - Transaction processing optimization across validation stages

Basically, Gorbagana is directly inherit the architecture of Solana implementation. But they are more strict on the process, and open two phases of testnet.

From the current status of explorer, faucet, mainnet is approaching. They may build in private repo, since the public repo didn't update for a month.

Ecosystem

Because it started about half year ago, it has the most organic community and ecosystem so far compared to the other two competitors. Gorbagana's ecosystem embodies degen innovation, with 73+ apps/games, launchpads, and NFTs driving growth in months. While technical hurdles persist, its community and meme-native design offer high upside in a Solana-fork landscape.

From the infrastructure side, build the strong basis and documentations.

Resource Description Link
Official RPC Endpoint Provides access to the Gorbagana network for queries and transactions. https://rpc.gorbagana.wtf/
Gorbagana Block Explorer Offers real-time data including transaction history/details, block information, validator activity, account balances, token holdings, network statistics, performance metrics, smart contract interactions, and program calls. Use to verify transactions, monitor network health, and explore on-chain activity. https://trashscan.io/
Chain Status Displays validator information and network health metrics. https://trashscan.xyz/validators
Gorbagana Testnet Faucet Provides free GOR tokens for development/testing. Amount: 100 GOR per request; Rate limit: 1 per 8 hours; Requires X login to prevent spam; Real-time balance display; Instant distribution to wallet. https://faucet.gorbagana.wtf/

NFTs: Gorbagios (4,444 Dumpster Divers), encouraged to be used by Gorchain apps for airdrops and perks.

Name Services: GorID, Gor Name Services

Memecoin

Their media matrix is built a little bit late, such as Build on Gor, it is not actively promoting projects like Analos.

$GOR

$GOR will be the native gas token of Gorbagana

Most whales and the team got their tokens at about $15m MC on average, lots of them are at lost but still holding. Considering lots of eco project are DCA buying, degens lose money and build together.