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Market stats

Market cap


Volume (24h)


Circulating supply


Typical hold time

78 days



All time high


Price change (1h)


Price change (24h)


Price change (7d)


About Algorand

Algorand is a cryptocurrency and blockchain protocol that aims to be simultaneously scalable, secure, and decentralized. It uses a consensus algorithm called pure proof-of-stake.

What is Algorand?

Algorand (ALGO) is a decentralized, blockchain-based network that strives to support a wide range of applications. It was designed with the goal of improving transaction speeds and efficiency, addressing the slow transaction times associated with other blockchains. Algorand's unique architecture is based on a permissionless pure proof-of-stake (PoS) blockchain protocol, which eliminates the need for energy-intensive mining processes. The network went live in June 2019 and aims to handle a significant number of transactions per day. Algorand's native cryptocurrency, ALGO, plays a crucial role in the network's operation, with compensation for block creation distributed among all coin holders.

How does Algorand work?

Algorand operates on a permissionless pure proof-of-stake (PoS) blockchain protocol. Unlike proof-of-work (PoW) blockchains, where the root block must be validated by randomly-selected validators using computing power, in Algorand's pure proof-of-stake approach, all validators are known to each other and only need to agree on the next block to create a new one. Algorand employs a two-phase block manufacturing procedure that includes proposing and voting. By staking ALGO and establishing a valid participation key, every member of the Algorand network can participate in this process. Compensation is provided at regular intervals, which may encourage participation in the Algorand network.

What are the potential use cases for Algorand?

Algorand aims to support a broad spectrum of applications, with its secure, scalable, and efficient systems being particularly suited for real-world applications that require reliable performance guarantees. The network's low transaction fees and fast transaction times make it a suitable platform for a variety of use cases. Furthermore, Algorand's compatibility with Ethereum, facilitated by a bridge, aims to connect to Ethereum's DApp ecosystem, potentially attracting more participants to its own ecosystem. The network's goal is to eventually solidify the DeFi ecosystem on Algorand.

What is the history of Algorand?

Algorand was founded by Silvio Micali, a professor of computer science at the Massachusetts Institute of Technology. Micali, a recipient of the Turing Award in 2012 for his contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies, and blockchain protocols, is recognized as a contributor to the crypto space. The Algorand mainnet went live in June 2019, and by December 2020, it was capable of handling a significant number of transactions per day. The initial token distribution for Algorand took place in June 2019. The Algorand blockchain's genesis indicates that a large quantity of ALGO was created, with the distribution of this set amount projected to conclude in 2030.

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Some highlights about Algorand on social media

418 unique individuals are talking about Algorand and it is ranked #44 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Algorand has an average sentiment score of 0 out of 5. Finally, Algorand is becoming more newsworthy, with 0 news articles published about Algorand. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Algorand. There were 20.41% of tweets with bullish sentiment compared to 7.75% of tweets with a bearish sentiment about Algorand. 71.84% of tweets were neutral about Algorand. These sentiments are based on 877 tweets.

On Reddit, Algorand was mentioned in 6 Reddit posts and there were 0 comments about Algorand. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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418 people


623 posts



Volume rank




Post Score


Coinbase Bytes

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Algorand is on the rise this week.

The price of Algorand has risen by 16.21% in the past 7 days. The price increased by 1.72% in the last 24 hours. In just the past hour, the price grew by 1.18%. The current price is $0.15 per ALGO. Algorand is 95.30% below the all time high of $3.28.

The current circulating supply is 8,006,092,462.442 ALGO.


What is the current price of Algorand?

We update our Algorand to USD currency in real-time. Get the live price of Algorand on Coinbase.

What is the market cap of Algorand?

The current market cap of Algorand is $1.24B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Algorand?

The all-time high of Algorand is $3.28. This all-time high is highest price paid for Algorand since it was launched.

What is the 24 hour trading volume of Algorand?

Over the last 24 hours, the trading volume of Algorand is $74.95M.

What other assets are similar to Algorand?

Assets that have a similar market cap to Algorand include Arbitrum, Render, MultiversX, and many others. To see a full list, see our comparable market cap assets.

How many Algorand are there?

The current circulating supply of Algorand is 8 billion.

What is the typical holding time of Algorand?

The median time that Coinbase customers hold Algorand before selling it or sending it to another account or address is 78 days.

What is the relative popularity of Algorand?

Algorand ranks 18 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Algorand?

Currently, 99% of Coinbase users are buying Algorand. In other words, 99% of Coinbase customers have increased their net position in Algorand over the past 24 hours through trading.

Can I buy Algorand on Coinbase?

Yes, Algorand is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Algorand guide.

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