Algorand ALGO Staking: Earn Rewards with Coinbase

Algorand

ALGO

Staked

23%

Staked

Unstaked

77%

Unstaked

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Staking Algorand

Staking Stats

Est. Reward Rate APY

4.56%

Reward Change 24H

+0.02%

Reward Change 30D

-10.66%

Asset Market Cap

$1.6B

Staking Market Cap

$371.6M

Tokens Staked

1.9B

Percent Staked

23.03%

Algorand staking is on the decline this month.

The current estimated reward rate of Algorand is 4.56%. This means that, on average, stakers of Algorand are earning about 4.56% if they hold an asset for 365 days. 24 hours ago the reward rate for Algorand was 4.56%. 30 days ago, the reward rate for Algorand was 5.10%. Today, the staking ratio, or the percentage of eligible tokens currently being staked, is 23.03%. In other words, there are 1.9B of Algorand staked, which means that Algorand has a staking market cap of $371.6M. This is compared to a total asset market cap of $1.6B.

Rewards

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Related assets

Available to stake

Crypto assets that are currently available to earn rewards through staking on Coinbase.

USDC

Ethereum

Solana

Cardano

Polkadot

Polygon

Cosmos

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Similar staking cap

Of all the assets on Coinbase, these are the closest to Algorand in staking market cap.

Stader ETHx

Terra

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Mina

Curve DAO Token

Fetch.ai

dYdX

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Guides

Coinbase

What is Algorand?

Learn more about Algorand and get live price data, news, history, and more.

Coinbase

How to Buy Algorand?

Good news! You can buy Algorand on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy Algorand.

Learn More

Benefits of staking Algorand

Put your crypto to work

Staking can be a way of making your Algorand work by generating rewards, rather than collecting dust in your crypto wallet.

Support the projects you like

Staking can also be a way to contribute to the security and efficiency of Algorand. By staking some of your funds, you make the blockchain more resistant to attacks and strengthen its ability to process transactions.

It’s passive income

You can enroll with just a few clicks or when you join staking pools. While Algorand is not available to stake on Coinbase, it is available to trade. Sign up to trade Algorand today.

Read about Algorand

Blockworks • Apr 25, 24

Algorand courts Python devs in ‘seismic change’

The Algorand Foundation touts the network as first to go after pool of 10 million global developers

Coinage • Nov 29, 23

Is Arbitrum or Alogrand Crypto’s Hottest Project?

THORChain and Ethereum Attestation Service battle for Crypto Project of the Year

CoinDesk • Mar 30, 23

Argentinian Airline Issues Every Ticket as an NFT

The low-cost carrier has expanded its partnership with NFT ticketing company TravelX to offer all tickets as NFTs on the Algorand blockchain.

CoinDesk • Mar 29, 23

Algorand Aims to Help Developers Transition to Web3 With AlgoKit

The tool suite was designed to be an easy onramp for web2 developers transitioning to web3 and developers from other chains who want to test out Algorand.

CoinDesk • Mar 29, 23

The Algorand Foundation Branches Out to India

Blockchain protocol Algorand (ALGO) has entered the world’s most populous country, India, with a project that aims to support the nation’s transformation from the back office of the Web2 world to the innovation hub of the Web3 world.

CoinDesk • Mar 01, 23

Layer 1 Blockchain Protocol Algorand Hires Its First CFO

The new CFO, Matthew Commons, had several years of crypto and TradFi experiences.

FAQ

How to stake Algorand?

You can earn rewards for Algorand through DeFi yield. DeFi yield lets eligible customers earn yield by lending their crypto to third-party DeFi protocols.

When can I start earning rewards with Algorand?

You start earning yield with most of the Staking and Standard Rewards assets once they are purchased. To earn yield by staking ETH or depositing assets in DeFi yield, you will need to purchase the asset and then agree to terms to enable the option and start earning rewards.

What are the risks around staking Algorand?

Staking requires your Algorand to be locked on the protocol in order to earn rewards. During this time you won't be able to trade or transfer your Algorand. The lock up periods are defined by protocols and can range from a few hours to a few days. Coinbase does not impose any lock up periods. No additional lockup periods are imposed by Coinbase.

How much can I make staking Algorand?

The current estimated reward rate of Algorand is 4.56%. This means that, on average, you can earn about 4.56% for current block/epoc rewards for Algorand.

How many Algorand tokens are currently staked?

Currently, 1.9B are staked, which means that the staking market cap of Algorand is $371.6M.

What percentage of Algorand is currently being staked?

Of the available tokens, 23.03% is currently staked.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.