$0.23
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 Cap | 0.0378 |
All-Time High | $3.56 |
All-Time Low | $0.09 |
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.
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.
Features instant block finality, low fees, and random validator selection through cryptographic sortition.
Uses Pure PoS, where every Algorand holder is eligible to validate blocks, providing both decentralization and security.
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.
Upgrades are implemented via Algorand Improvement Proposals (AIPs) and deployed by node operators through coordinated software updates.
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.
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.