#29 / L1 networksalgorandPartially verified
Algorand
An academically designed L1 focused on finality and institutional use.
Token
ALGO
Sector
Pure proof-of-stake L1
Category
L1 networks
Organizations
1
Coverage
10/11
Live market data
ALGO market
CoinGecko data; may be delayed.
Tokenomics
Circulating vs diluted1.10x
- Circulating supply
- 9.07B
- Total supply
- 9.07B
- Max supply
- 10.00B
90.7% of the achievable supply is already circulating.
All-time high (ATH)
$3.56 -97.13% · Jun 20, 2019
Source: CoinGecko, snapshot of Oct 28, 2026. Figures may be delayed.
On-chain fundamentals
- Chain TVL
- $31.43M
Source: DefiLlama, data as of · Revenue is not reported by every protocol.. Figures are informational, not financial advice.
Why it matters
Algorand was founded by cryptographer Silvio Micali around a pure proof-of-stake consensus that finalizes blocks quickly and does not fork under normal conditions. Its positioning leans institutional and governmental, with a track record of central bank and public-sector pilots, though consumer and DeFi activity has stayed modest relative to larger ecosystems.
General research guidance, not analysis specific to this asset. Detail is pending.
Track the real organization or foundation behind the token, not just the ticker.
Separate token utility from price action before building a position.
Compare network usage, liquidity, incentives, and governance quality against nearby competitors.
How it works
Algorand runs pure proof-of-stake: a Verifiable Random Function secretly and randomly selects token holders each round to propose and certify blocks, achieving instant, fork-free finality in under three seconds. No delegation or stake lock is needed to participate in consensus.
Token utility
Staking and consensus participation
Transaction fees and on-chain asset issuance
Governance participation in network decisions
Value capture
ALGO pays network fees (part of which are burned), and staking to participation nodes earns rewards. Its economic role is primarily participatory — securing consensus and governance — rather than capturing protocol cash flows, which the network largely does not generate.
Supply and issuance
ALGO has a fixed cap of 10 billion, fully in open circulation: the early allocation vesting completed and the remaining distribution ran through governance rewards. There is no unlock calendar left to fear.
Governance
The xGovernance program has holders commit ALGO for multi-month periods, vote on spending and policy measures, and earn rewards — with rewards forfeited if they exit mid-period. Protocol upgrades itself proceed through on-chain feature activation rather than a treasury-heavy DAO.
Key risks
Developer and liquidity share is small versus leading L1s
Institutional pilots do not always convert into sustained on-chain volume
Competes in a crowded high-performance L1 category
Frequently asked questions
What makes pure proof-of-stake different?
Block proposal and certification are assigned by a cryptographic lottery (VRF) among all token holders, so consensus does not require committees, delegation or locked stake. The trade-off is that participation weight simply tracks token ownership.
Is all ALGO circulating now?
Yes — the 10 billion cap is fully distributed after the early-vesting schedule and governance-reward distribution concluded. Future supply dynamics are driven by fees and burn, not unlocks.
References
Last verified:
- Welcome to Algorand
Algorand · algorand.co · primary source
The project's official site, retrieved on the date shown, supporting how it describes itself. It does not establish supply, governance or issuance mechanics.
Accessed
Linked organizations
MapRelationships
Supported by
Algorand Foundation
The Algorand Foundation supports governance, education, developers, and growth around the open-source Algorand network.
Relationship documented by the official source.
Related to
Stellar
Adjacent asset in the same research context.
Directory suggestion, pending verification.
Competes with
Ethereum
Serves a comparable role, so the two are worth reading side by side.
Directory suggestion, pending verification.
Related to
Hedera
Adjacent asset in the same research context.
Directory suggestion, pending verification.
Competes with
Tezos
Serves a comparable role, so the two are worth reading side by side.
Directory suggestion, pending verification.
