AL

Algorand

ALGO
Layer 1Rank #39Algorand

$0.0934

+5.94%24h
+10.76%7d

Market Cap

$829.64M

Volume 24h

$54.87M

Vol / Market Cap

6.61%

Rank

#39

ALGO Price Chart

About Algorand

Algorand is a proof-of-stake blockchain focused on security, scalability, and decentralization.

What Is Algorand (ALGO)? Algorand is a proof-of-stake blockchain focused on security, decentralization, and fast transaction finality.

How It Works

A blockchain using Pure Proof of Stake (PPoS). Validators are randomly selected for each block, ensuring decentralization, security, and instant transaction confirmation.

Use Cases

Carbon-Neutral Finance: Used for staking and as payment for secure, near-instant transactions on a platform aimed at institutional finance and sustainability.

Tokenomics

Pure Proof-of-Stake: Has a fixed supply of 10 billion. Used for staking and instant payments, with a validator selection design intended to support decentralization and fast finality.

Risks & Considerations

Unique consensus design remains unproven at global scale; smaller developer ecosystem than EVM-based chains.

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