Algorand price

in USD
$0.25140
-$0.01630 (-6.09%)
USD
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Market cap
$2.19B #35
Circulating supply
8.71B / 10B
All-time high
$3.7900
24h volume
$158.81M
3.9 / 5
ALGOALGO
USDUSD

About Algorand

$ALGO, the native cryptocurrency of the Algorand blockchain, powers a cutting-edge platform designed to make digital transactions faster, more secure, and environmentally friendly. Algorand stands out for its unique Pure Proof-of-Stake (PPoS) technology, which ensures decentralization while enabling high-speed processing and low transaction costs. This makes it ideal for applications like payments, decentralized finance (DeFi), and tokenized assets. Beyond its technical strengths, ALGO plays a key role in maintaining the network’s security and rewarding participants who help validate transactions. Whether you're exploring blockchain for the first time or looking for a sustainable solution, ALGO offers a user-friendly gateway to the future of digital finance. Dive in to discover how it’s shaping the next generation of global economic systems.
AI-generated
Layer 1
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Last audit: 9 Feb 2023, (UTC+8)

Algorand’s price performance

99% better than the stock market
Past year
+109.50%
$0.12
3 months
+4.61%
$0.24
30 days
-4.05%
$0.26
7 days
+7.02%
$0.23

Algorand on socials

Rocky
Rocky
After the Genius stablecoin bill, who is the fastest public chain in the growth of stablecoins? It has to be @SeiNetwork. #Sei has hitched a ride on #Circle's native USDC express lane and is rapidly rising! #Circle not only invested in #Sei but also listed #Sei tokens as its largest crypto asset holding in its IPO documents. What does this mean? It means #Circle is not just casually buying coins for investment; it has placed a significant bet. In this case, it will naturally push for #USDC's implementation on #Sei with full force. The results are clear—just two weeks after launching the native #USDC on #Sei, it minted $160 million. This speed is rocket-like in the industry, directly outpacing a number of established public chains like Hedera, Polkadot, Tron, and Algorand. It's important to note that these chains have had stablecoins for a long time. Moreover, and more crucially, this growth rate translates to a potential annualized stablecoin trading volume of over $1 trillion. This is not a small number, indicating that #Sei is quickly aligning itself from a "high-performance public chain" to a "stablecoin settlement layer". Therefore, #Circle views #Sei as a strategic partnership chain, which should not be understood simply as a financial investment; rather, it aims to make it a "highway" for USDC in the high-performance trading field. The original trading performance advantages of #Sei (sub-second block times, parallel processing) naturally match with future potential tracks like stablecoin payments, #DeFi settlements, and #RWA, which will attract core financial players involved in high-frequency trading, cross-border payments, and TradFi institutions. Currently, #Sei's early adoption curve is steep—under these circumstances, if the #Sei ecosystem can quickly fill in the application scenarios for stablecoins (DEX, lending, RWA, payment gateways), I believe the speed of capital accumulation may far exceed that of similar chains. 🧐 This is worth long-term attention and anticipation!
Rocky
Rocky
After the recent implementation of the Genius Act, the stablecoin track has become the focus of market attention, with stablecoins looking at #Circle first, and among #Circle's partners, #SUI and #SEI, and #SEI, as a player with stronger growth, has become the core of our focus. Therefore, we have carefully studied and analysed #SEI's every move, and recently noticed a phenomenon: "The institutionalisation speed of SEI is accelerating", and #CoinShares's latest staking SEI ETP can be said to be the "timpani" of this trend. ✅ What is a popular science ETP? More potential for staking! Let's briefly talk about what ETP (Exchange-Traded Product) is: It is a crypto asset investment product that you can buy on the stock exchange, similar to Bitcoin ETFs, but usually more common in European or Asian markets. This time #CoinShares launched a "staked SEI ETP", which means: • Investors are buying compliant #SEI exposure; • At the same time, #CoinShares take this part of the #SEI to stake on-chain; • The staking yield generated will be returned to the holder, not eaten by the platform itself. That is: you are holding an "interest-bearing" compliant #SEI exposure. This is more attractive than traditional ETPs and offers better value for money for institutions seeking yield. ✅ Who is #CoinShares? Why is this ETP reliable? Who is #CoinShares? In a word, make it clear: One of Europe's oldest crypto asset managers, with an AUM (Assets Under Management) of over $4 billion, and is a compliance agency under the MiCA regulatory framework. It already has multiple ETPs for mainstream assets, including #BTC, #ETH, #SOL, #DOT, and now it's #SEI's turn. What does this mean? It shows that #CoinShares really regards SEI as a "next-generation infrastructure asset" and is willing to build an entrance for institutional investors for it. ✅ Why #SEI? What is its ability to attract institutions? We've been following #SEI since #Circle hit the market, and we've done a lot of detail before: • Designed for trading, with integrated order book functionality at the chain level for extremely strong performance; • Native support for parallel trading, excellent TPS and terminal latency; •SEI V2 directly supports Ethereum smart contract compatibility. In other words, it is fast, can run Ethereum stuff, and focuses on financial scenarios, making it TradFi friendly. If institutions want to enter the market, they must find a public chain that can carry "transaction volume" and "compliance", #SEI just in line with this characteristic. ✅ #SEI's compliant financial route has taken shape Don't forget, Valour has already launched its first SEI ETP some time ago, and this time CoinShares is equivalent to relaying. This creates a very clear signal: #SEI is being treated as a "compliant and investable infrastructure asset" by traditional European financial markets. In other words, #SEI is no longer just a speculative coin in the Web3 circle, but has begun to enter the whitelist of pension, family office, and institutional ETF portfolios. And once these "long money" come in, the valuation system of #SEI is different. Overall, the launch of the staked SEI ETP by #CoinShares is an important node for #SEI to move towards mainstream financial asset pools and a major step forward in the compliance path. #SEI is increasingly positioned as a "transaction infrastructure layer", somewhat similar to Solana's development path. Personally, I will continue to pay attention to the spot trend of #SEI and changes in on-chain TVL, and at the same time start preparing to consider incorporating medium- and long-term allocation. Because when an asset management company is willing to "package you to buy for institutions", its identity is different. 🧐
Kong Trading 🦍
Kong Trading 🦍
Algorand planting its flag in the US 🇺🇸 New HQ, bigger stage, same mission. This move could open the door for deeper adoption, fresh partnerships, and more institutional eyes on $ALGO.
Algorand Foundation
Algorand Foundation
Algorand Foundation: Coming to America 🇺🇸 As revealed in our roadmap stream, we’re moving HQ to the USA. New chapter. Same mission.
✨whateverman✨🎙️
✨whateverman✨🎙️
I might just be too old to do the yapping stuff correctly, but this @billions_ntwk kind started to make sense… Here’s what truly bought my eye and it’s making me read a lil more into this. Governments, Banks and RWAs. I’m In‼️
Carlos
Carlos
The Billions ecosystem is massive, and it’s only getting bigger! 🔥 @billions_ntwk is the future of identity, and these projects know it. Get in early and proudly say you were part of this incredible journey!✨

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Algorand FAQ

Currently, one Algorand is worth $0.25140. For answers and insight into Algorand's price action, you're in the right place. Explore the latest Algorand charts and trade responsibly with OKX.
Cryptocurrencies, such as Algorand, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Algorand have been created as well.
Check out our Algorand price prediction page to forecast future prices and determine your price targets.

Dive deeper into Algorand

Algorand is a decentralized blockchain network that aims to solve the blockchain trilemma by providing a secure, scalable, and fully decentralized network. Furthermore, because the source code of the Algorand blockchain is entirely open source and permissionless, the network is designed to be accessible and provide an ideal environment for developers to deploy decentralized applications (DApps) rapidly.

The Algorand blockchain is secured by an innovative Pure-Proof-of-Stake (PPoS) consensus mechanism. This gives Algorand the necessary processing power to execute over 1,000 transactions per second. Moreover, the Algorand network benefits from low gas fees, making it user-friendly.

One of the unique benefits of Algorand over other blockchains is that ALGO holders can earn rewards without needing to stake their ALGO tokens due to its unique consensus mechanism. Instead, rewards are automatically distributed to holders via the chain's PPoS consensus model. Hence, many traders consider Algorand an excellent blockchain for the mass adoption of cryptocurrency.

ALGO is the utility and governance token of the Algorand blockchain. ALGO is required to pay gas fees when completing on-chain transactions and is used to vote on essential governance proposals regarding the development of the Algorand blockchain. In 2020, it was announced that the Marshallese sovereign (SOV), which could become the first state-backed digital currency to enter circulation, would be built using the Algorand protocol. SOV is a blockchain-based currency and the new legal tender of the Republic of the Marshall Islands. SOV could become the first state-backed digital currency to enter circulation and is being built using the Algorand protocol by SFB Technologies.

ALGO price and tokenomics

The current circulating supply of ALGO tokens is approximately 7.07 billion tokens. This represents roughly 70 percent of the total ALGO supply of 10 billion tokens. The Algorand Foundation holds the remaining ALGO tokens in secure wallets. The Foundation aims to enable an inclusive, borderless global economy through Algorand's blockchain technology.

1,757.26 million tokens are allocated to community and governance rewards, 1,176.05 million tokens are distributed to ecosystem support, and 363 million tokens are channeled towards foundation endowment. Seed and presale round investors could sell their ALGO token allocation back to the Algorand Foundation at 90 percent of the initial purchase price.

These tokens were then burnt by the team, effectively reducing the supply. This deflationary mechanic was intended to increase token scarcity and drive appreciation to Algorand's price. In June 2019, via a Dutch auction, Algorand raised over $60 million in the public sale of its native token ALGO. The company sold 25 million tokens in less than 4 hours.

About the founders

Algorand was founded by Silvio Micali, the co-inventor of probabilistic encryption, zero-knowledge proofs, verifiable random functions, and other protocols that heavily contribute to modern cryptography. In 2017, Micali founded Algorand, overseeing all research, including theory, security, and crypto finance. He also received the Turing Award for computer science, the Gödel Prize for theoretical computer science, and the RSA prize in cryptography.

Since 1983, Micali has been a faculty member at the Massachusetts Institute of Technology (MIT) in the electrical engineering and computer science department. His research interests include cryptography, zero knowledge, pseudorandom generation, secure protocols, mechanism design, and blockchain.

Disclaimer

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Market cap
$2.19B #35
Circulating supply
8.71B / 10B
All-time high
$3.7900
24h volume
$158.81M
3.9 / 5
ALGOALGO
USDUSD
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