A

Algorand

ALGO
Rank #64

$0.23

-0.55%
(24H)

Fundamentals

Today's Low
0.23
$0.23
Today's High
0.238

Price & Market Stats

Algorand Price$0.23
24h High / 24h Low$0.23 / $0.24
Trading Volume$76,994,692.00
Price Change (24h)-$0.00
Price Change Percentage (24h)-0.547%
Market Cap Rank#64
Market Cap$2,039,071,990.00
Market Cap Change (24h)-$11,471,223.97
Market Cap Change Percentage (24h)-0.559%
Volume / Market Cap0.0378
All-Time High
$3.56
All-Time Low
$0.09

About Algorand

What Is Algorand?

Algorand (ALGO) is a pure Proof-of-Stake blockchain designed by Turing-award winner Silvio Micali to deliver immediate transaction finality, low fees, and strong security without forking.

Who Are the Founders of Algorand?

Founded by MIT professor Silvio Micali in 2017, with development led by the Algorand Foundation and Algorand Inc. to create a scalable, secure, and decentralized network.

What Makes Algorand Unique?

Features instant block finality, low fees, and random validator selection through cryptographic sortition.

How Is the Algorand Network Secured?

Uses Pure PoS, where every Algorand holder is eligible to validate blocks, providing both decentralization and security.

What Is Algorand’s Role in the Crypto Ecosystem?

Positions itself as a blockchain for real-world financial applications, DeFi, CBDC pilots, tokenized assets, and as the home for USDC on Algorand, leveraging fast settlement for payments and digital bonds.

How Is Algorand’s Technology Upgraded?

Upgrades are implemented via Algorand Improvement Proposals (AIPs) and deployed by node operators through coordinated software updates.

Who Are the Largest Corporate Holders of Algorand?

The Algorand Foundation, Circle (USDC issuer on Algorand), and major financial institutions in CBDC pilot programs hold large Algorand reserves, plus strategic partners like SIAChain for digital bonds.

Frequently Asked Questions

Yes. It is widely recognized as a legal utility token under global financial regulations.
Core protocol is mathematically proven secure, but vulnerabilities can arise at the application layer (smart contracts or SDKs).
Limited, it used for tokenized assets and USDC payments more than direct retail purchases.

Tokenomics

Explore the economic structure behind Algorand. Understand the distribution of tokens, supply dynamics, and key economic indicators shaping market performance: Analyzing these elements helps investors understand Algorand's long-term sustainability, potential scarcity, and economic incentives driving its value. Review the chart above for detailed token metrics and distribution insights.

Team

SM
Silvio Micali
Founder
Silvio Micali has been on the faculty at MIT, Electrical Engineering and Computer Science Department, since 1983. Silvio’s research interests are cryptography, zero knowledge, pseudorandom generation, secure protocols, and mechanism design and blockchain. In particular, Silvio is the co-inventor of probabilistic encryption, Zero-Knowledge Proofs, Verifiable Random Functions and many of the protocols that are the foundations of modern cryptography.In 2017, Silvio founded Algorand, a fully decentralized, secure, and scalable blockchain which provides a common platform for building products and services for a borderless economy. At Algorand, Silvio oversees all research, including theory, security and crypto finance.Silvio is the recipient of the Turing Award (in computer science), of the Gödel Prize (in theoretical computer science) and the RSA prize (in cryptography). He is a member of the National Academy of Sciences, the National Academy of Engineering, the American Academy of Arts and Sciences and Accademia dei Lincei.Silvio has received his Laurea in Mathematics from the University of Rome, and his PhD in Computer Science from the University of California at Berkeley.
SK
Steven Kokinos
Advisor
Steve is the CEO of Algorand and responsible for overall business vision and strategy. Steve is a serial entrepreneur, most recently co-founder and Executive Chairman of Fuze, where he was responsible for corporate strategy. Under his direction, the company transformed the way enterprises view collaboration as a key driver of business visibility, process improvement, and results.Today, Fuze has over 700 employees servicing over 1500 enterprise customers around the world. Prior to Fuze, Steve was a co-founder of BladeLogic, Inc., a recognized leader in the data center automation market with a Fortune 500 client list including GE, Time Warner, Microsoft, Cable & Wireless, Walmart, and Sprint, among others. Bladelogic held a successful IPO and was later acquired by BMC Software for ~$800M.Prior to BladeLogic, Steve was co-founder and CEO of Web Yes, Inc., an early market leader in the Web hosting and application service provider arena that provided infrastructure services for Sun Microsystems, Netscape, and Lycos, among others. Web Yes was acquired by Breakaway Solutions in 1999.
SL
Sean Lee
CEO & Board of Director
Sean is an accomplished leader with extensive go-to-market experience working with start-ups and global technology companies in North America and Asia. He is an inspiring conference speaker focusing on digital innovation, cloud strategy and FinTech. Prior to the Algorand Foundation, Sean held leadership roles within Dell Technologies, Pivotal and EMC, working with clients and partners across 20+ countries.Sean holds an Executive MBA from the Chinese University of Hong Kong and a Double Major in Computer Science and Mathematics from the University of Waterloo in Canada. He is an avid Star Wars fan, an amateur photographer, and a whiskey enthusiast.
GM
Gary Malouf
CTO
As the Chief Technology Officer at Algorand, He is responsible for the people building the Algorand layer 1 public blockchain.He is a hands-on product / engineering leader with an extended track record of building large scale systems, growing high performance teams and driving turnarounds in team morale/performance. Actively working to build teams that incorporate a diverse set of people, viewpoints, and experiences maximizes his ability to succeed together.His engineering expertise gravitates around layer 1 blockchain protocols, big data processing/streaming, back-office reporting solutions, high fidelity transactional systems, and intuitive user experiences. Technical background leveraging lambda/kappa architectures, CQRS, event sourcing and functional programming.
MC
Matthew Commons
CFO
He is a technology-savvy senior executive, serial entrepreneur and advisor in the fintech, digital identity and Web3 fields. His experience as a successful founder, CEO and CFO includes leading global expansion, raising capital and building strategic partnerships with institutions such as PayPal, Goldman Sachs, Digital Currency Group, Foxconn, and Kleiner Perkins.
MQ
Michele Quintaglie
CFO
Marketing and communications leader who thrives in working for companies that are global, purpose-driven and determined to use technology to redefine themselves and their industries.Lead marketing, communications, sponsorships and other business-building initiatives for this leading Layer 1 blockchain builder. GM for a global NFT sports marketplace. Serve as marketing advisor for several Algorand investment portfolio companies that span Web 3 in financial services/tokenized assets, sports, gaming, arts, music and culture.
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