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Algorand

ALGO
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Algorand (ALGO)

What is Algorand?

Algorand is a Layer 1 designed around Pure Proof-of-Stake (PPoS): random secret leader selection and committee participation aim to give fast finality without proof-of-work energy use, while keeping Sybil resistance tied to stake. The chain emphasizes predictable fees and throughput for payments and DeFi, with standards for ASA assets and contract execution via TEAL / PyTeal and higher-level tooling.

ALGO pays transaction fees, secures the network through staking participation, and funds ecosystem incentives in various eras of the roadmap. Developer experience highlights include Python-native paths for some tooling—helpful for teams that are not Solidity-first.

Competition among “fast finality” L1s is fierce; judge Algorand on DeFi liquidity, wallet UX, and sustained developer output rather than headline TPS. Token distribution and early funding history are frequent community debates—read primary sources if allocation matters to you.

Key Facts & Snapshot

  • Symbol: ALGO
  • CoinGecko id: algorand
  • Market cap rank (CoinGecko): #70
  • Categories: Smart Contract Platform, Layer 1 (L1), Algorand Ecosystem, Real World Assets (RWA), DWF Labs Portfolio, Multicoin Capital Portfolio, Proof of Stake (PoS), GMCI Layer 1 Index, GMCI Index, Made in USA, Coinbase 50 Index, CoinList Launchpad
  • Circulating supply (snapshot): 8,902,101,054
  • Total supply (snapshot): 8,902,171,242
  • Max supply (snapshot): 10,000,000,000
  • All-time high (USD, CoinGecko): $3.56 (Jun 20, 2019)
  • All-time low (USD, CoinGecko): $0.0801 (Mar 29, 2026)

Market (USD snapshot)

  • Market cap (USD, snapshot): $961.37M
  • 24h volume (USD, snapshot): $33.75M
  • Fully diluted valuation (USD, snapshot): $961.38M
  • 24h price change (snapshot): -1.54%

Community & code (CoinGecko)

  • Telegram members (CoinGecko): 20,424
  • GitHub stars (main repo, CoinGecko): 1,426
  • GitHub forks (main repo, CoinGecko): 525
  • GitHub commits (last ~4 weeks, CoinGecko): 13

Official & Community Links

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Frequently Asked Questions

What is Algorand and what does it do?
Algorand is a Layer 1 smart contract platform that uses Proof of Stake consensus. It’s designed to support decentralized applications, real world asset tokenization, and is part of various institutional portfolios including DWF Labs and Multicoin Capital.
How much ALGO is currently in circulation?
Algorand has approximately 8.9 billion ALGO tokens in circulation out of a maximum supply of 10 billion. This means about 89% of the total supply has already been released.
What was Algorand's highest price ever?
Algorand reached its all-time high of $3.56 on June 20, 2019. Currently trading at around $0.11, ALGO is down approximately 97% from that peak.
How risky is investing in Algorand?
Algorand carries significant volatility risk, having dropped 97% from its all-time high and experiencing a historical low of $0.08 in March 2026. As a Layer 1 platform ranked #70 by market cap, it faces competition from larger blockchains and ongoing regulatory uncertainty affecting the entire crypto sector.
Is Algorand a Proof of Stake blockchain?
Yes, Algorand uses Proof of Stake (PoS) consensus mechanism. This makes it more energy-efficient than Proof of Work blockchains and allows ALGO holders to participate in securing the network.

Algorand Sectors

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Algorand is tracked in the following market sectors on Best Info Crypto. Each page shows live aggregate data for that category.

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