Over the past year, Algorand has experienced significant growth, with a sharp increase in wallet adoption. According to @intotheblock, the number of Algorand wallets with a balance rose from 18.88 million on September 24, 2023, to 21.48 million in 2024. This impressive growth of 2.6 million new wallets in just one year highlights the increasing real-world adoption of the Algorand network. Hey #AlgoFam, LOOK AT THIS! 
According to @intotheblock, on September 24th, 2023, the total number of #Algorand wallets with a balance was 18.88 million. Today, one year later, we’re at 21.48 million! 
THAT’S 2.6 MILLION NEW WALLETS
The post Algorand Sees Major Growth With 2.6 Million New Wallets In One Year appeared first on The Merkle News.
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The U.S. District Court for the Northern District of California has denied Kraken’s motion to dismiss a lawsuit by the U.S. Securities and Exchange Commission (SEC). The court determined that the SEC “has plausibly alleged” that certain crypto tokens traded on the Kraken exchange could be considered securities, thereby allowing the case to proceed. Kraken’s […]
]]>Algorand has carved a niche among Layer 1 blockchains by offering high capacity, rapid finality, low transaction fees, and a commitment to being carbon-neutral. This positions it as a formidable contender in the blockchain ecosystem, supported by impressive usage metrics and user confidence. Active User Base and Network Growth Algorand boasts over 54,000 daily active addresses, surpassing the activity levels of networks like Dogecoin (52,000) and Avalanche (48,000). This ranks Algorand fifth among the top protocols in terms of active users. The network has over 21 million addresses with a balance, reflecting gradual and consistent growth. Let’s Take a Look
The post Algorand: A High-Performance, Eco-Friendly Blockchain With Strong Fundamentals appeared first on The Merkle News.
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The United Nations Development Programme (UNDP), which is tasked with eliminating poverty in over 170 countries, wants to educate its 22,000 staff on distributed ledger technology.
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The SEC’s tagging of cryptocurrencies as securities has greatly affected the crypto market causing Algorand and Flow to hit historic lows on June 10.
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According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists […]
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Members of the crypto community have called out the SEC Chairman for “shilling” Algorand.
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Near protocol fell to its lowest level in over sixteen months, as bearish pressure intensified on Nov. 21. Overall, cryptocurrencies started the week trading lower, following increased speculation on a prolonged market crash. Algorand was another notable token to fall, dropping by over 11% today. Near Protocol (NEAR) Near protocol (NEAR) dropped to its lowest […]
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Algorand has been a notable exception in what has been a relatively bearish start to the weekend. On Nov. 19, the token rose by nearly 10%, as cryptocurrency markets mostly traded lower. Another noteworthy exception was tron, which climbed for a second consecutive day. Algorand (ALGO) Algorand (ALGO) was a notable gainer on Saturday, as […]
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XRP moved to a fresh four-month high on Thursday, which comes as volatility in the crypto markets eased, following the latest U.S. Federal Open Market Committee meeting. The token rose past a key hurdle in today’s session, hitting its highest point since May. Algorand was another notable mover, with prices climbing by as much as […]
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