Algorand price

in USD
$0.26500
-$0.01430 (-5.12%)
USD
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Market cap
$2.30B #23
Circulating supply
8.69B / 10B
All-time high
$3.7900
24h volume
$117.73M
3.9 / 5

About Algorand

Layer 1
CertiK
Last audit: 9 Feb 2023, (UTC+8)

Algorand’s price performance

77% better than the stock market
Past year
+87.54%
$0.14
3 months
+20.61%
$0.22
30 days
+48.54%
$0.18
7 days
-8.15%
$0.29

Algorand on socials

ℝ𝕦𝕓𝕚𝕜𝕤
ℝ𝕦𝕓𝕚𝕜𝕤
𝐒𝐨𝐥𝐚𝐫 𝐆𝐫𝐢𝐝 𝐘𝐢𝐞𝐥𝐝: 𝐓𝐡𝐞 𝐍𝐚𝐫𝐫𝐚𝐭𝐢𝐯𝐞 𝐓𝐡𝐚𝐭 𝐋𝐞𝐭 𝐭𝐡𝐞 𝐒𝐮𝐧 𝐏𝐚𝐲 𝐘𝐨𝐮 You use electricity every day. You pay for it. But you’ve likely never earned from it. You have solar panels on rooftops. They are installed on farmlands. Some sit on city buildings, while others are located across factories and villages. These devices generate energy. That energy is sold. The buyer pays, but the income never comes to you. Now, with Solar Grid Yield, it can. You buy a token that gives you access to the income from real electricity sales. It represents your share of a live solar infrastructure asset. Every unit of energy produced is tracked, verified, and paid directly to you. This whole concept is about owning a portion of a working system that delivers power, gets paid, and shares the payment with you. Read on for the details.👇 ---- 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗦𝗼𝗹𝗮𝗿 𝗚𝗿𝗶𝗱 𝗬𝗶𝗲𝗹𝗱? Solar Grid Yield, also known as Solar Grid Finance, is the tokenization of revenue from energy-producing solar infrastructure. It allows anyone to access income streams from solar farms, microgrids, or rooftop solar networks through a token. The infrastructure sells electricity to buyers, smart meters track that production, the data is pushed onchain, blockchain oracles confirm performance, then payouts are distributed in stables. This idea falls under two strong narratives. ---- 𝗪𝗵𝗮𝘁 𝗡𝗮𝗿𝗿𝗮𝘁𝗶𝘃𝗲 𝗔𝗿𝗲 𝗪𝗲 𝗧𝗮𝗹𝗸𝗶𝗻𝗴 𝗔𝗯𝗼𝘂𝘁? Real World Assets and Decentralized Physical Infrastructure Networks (RWA & DePIN) RWA brings yield-generating, off-chain assets onchain. While most of them depend on traditional finance deals, solar yield tokens rely on operational infrastructure with daily output. DePIN brings machines, sensors, and physical activity into blockchain systems. Solar energy production is ideal for this. It’s consistent, measurable, and independently verifiable. Solar Grid Yield brings both together by turning power production into an accessible financial product. ---- 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝘀 𝗦𝗵𝗶𝗽𝗽𝗶𝗻𝗴 𝗦𝗼𝗹𝗮𝗿 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗵𝗮𝘁 𝗖𝗮𝗻 𝗣𝗮𝘆 𝗬𝗼𝘂 These are the leading projects actively building in the Solar Grid Yield space. Each one enables users to participate in real solar revenue with working systems and measurable performance. 1. Plural Energy ( @PluralEnergy) Plural tokenizes the revenue generated by operational solar farms in the U.S. Their first asset, the Ace Portfolio in Colorado, went live with payouts in April. Users and token holders received USDC distributions based on energy sales. What you should know about Plural: • They distribute USDC yield to token holders. • They're structured under Reg CF and Reg D. • Their metered performance is tracked through IoT devices. • They use Arbitrum for cost-efficient payout settlement. • They have over $100M in projects underway. • They're expanding into Texas microgrids and carbon-linked facilities Plural is currently one of the most advanced operators bringing regulated energy yield onchain. 2. Powerledger ( @PowerLedger_io) Powerledger enables peer-to-peer direct energy trading at scale. You can sell solar energy directly to others and get paid in a decentralized marketplace. Powerledger: • Operates in Thailand, Australia, Austria, and parts of Europe. • Uses POWR token for network access and Sparkz to settle energy units. • Tracks automated carbon credits and renewable energy certificates (REC). • Integrated AI tools for efficient energy balancing and forecasting. • Recently added Solana support through @wormhole Powerledger is the most widely deployed decentralized energy market protocol in use today. 3. Enel x Algorand ( @EnelGroup / @AlgoFoundation) Enel is a major European utility, offering tokenized panel ownership via Algorand. It is built entirely on Algorand for low-cost and high-speed infrastructure. The benefits include: • Italian citizens can buy fractional solar ownership. • Hourly energy production can be tracked via IoT devices. • Revenue will automatically be credited to token holders. • They're compliant with MiCA regulation. • It is fully retail-accessible with no technical requirements. This is the first major partnership between a national utility and a blockchain protocol for energy tokenization. ---- 𝗛𝗼𝘄 𝘁𝗼 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻 This market is already live. These projects are operating and not waiting for funding, which means revenue is being generated every day. If you want to position: • Plural offers access to fully regulated U.S. assets • Powerledger is ideal for those looking at energy trading utility • Enel on Algorand brings utility-backed retail exposure We are in the phase of institutionalization in crypto. Therefore, DePIN maturity and RWA liquidity are imminent. This implies that yield-bearing infrastructure will attract capital looking for stable, uncorrelated returns. And as such, now is the window to accumulate exposure before that demand prices in. PAY ATTENTION BOIS. Thanks for reading!
Tamar 天马
Tamar 天马
the fastest growing chain overall for tokenized stocks
Adam | RWA.xyz
Adam | RWA.xyz
Solana is also the fastest growing chain overall for tokenized stocks Weekend stats!
FLASH
FLASH
#Algorand $Algo Next leg will catapult us up to ~ 0.5$ level!

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Algorand FAQ

Currently, one Algorand is worth $0.26500. For answers and insight into Algorand's price action, you're in the right place. Explore the latest Algorand charts and trade responsibly with OKX.
Cryptocurrencies, such as Algorand, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Algorand have been created as well.
Check out our Algorand price prediction page to forecast future prices and determine your price targets.

Dive deeper into Algorand

Algorand is a decentralized blockchain network that aims to solve the blockchain trilemma by providing a secure, scalable, and fully decentralized network. Furthermore, because the source code of the Algorand blockchain is entirely open source and permissionless, the network is designed to be accessible and provide an ideal environment for developers to deploy decentralized applications (DApps) rapidly.

The Algorand blockchain is secured by an innovative Pure-Proof-of-Stake (PPoS) consensus mechanism. This gives Algorand the necessary processing power to execute over 1,000 transactions per second. Moreover, the Algorand network benefits from low gas fees, making it user-friendly.

One of the unique benefits of Algorand over other blockchains is that ALGO holders can earn rewards without needing to stake their ALGO tokens due to its unique consensus mechanism. Instead, rewards are automatically distributed to holders via the chain's PPoS consensus model. Hence, many traders consider Algorand an excellent blockchain for the mass adoption of cryptocurrency.

ALGO is the utility and governance token of the Algorand blockchain. ALGO is required to pay gas fees when completing on-chain transactions and is used to vote on essential governance proposals regarding the development of the Algorand blockchain. In 2020, it was announced that the Marshallese sovereign (SOV), which could become the first state-backed digital currency to enter circulation, would be built using the Algorand protocol. SOV is a blockchain-based currency and the new legal tender of the Republic of the Marshall Islands. SOV could become the first state-backed digital currency to enter circulation and is being built using the Algorand protocol by SFB Technologies.

ALGO price and tokenomics

The current circulating supply of ALGO tokens is approximately 7.07 billion tokens. This represents roughly 70 percent of the total ALGO supply of 10 billion tokens. The Algorand Foundation holds the remaining ALGO tokens in secure wallets. The Foundation aims to enable an inclusive, borderless global economy through Algorand's blockchain technology.

1,757.26 million tokens are allocated to community and governance rewards, 1,176.05 million tokens are distributed to ecosystem support, and 363 million tokens are channeled towards foundation endowment. Seed and presale round investors could sell their ALGO token allocation back to the Algorand Foundation at 90 percent of the initial purchase price.

These tokens were then burnt by the team, effectively reducing the supply. This deflationary mechanic was intended to increase token scarcity and drive appreciation to Algorand's price. In June 2019, via a Dutch auction, Algorand raised over $60 million in the public sale of its native token ALGO. The company sold 25 million tokens in less than 4 hours.

About the founders

Algorand was founded by Silvio Micali, the co-inventor of probabilistic encryption, zero-knowledge proofs, verifiable random functions, and other protocols that heavily contribute to modern cryptography. In 2017, Micali founded Algorand, overseeing all research, including theory, security, and crypto finance. He also received the Turing Award for computer science, the Gödel Prize for theoretical computer science, and the RSA prize in cryptography.

Since 1983, Micali has been a faculty member at the Massachusetts Institute of Technology (MIT) in the electrical engineering and computer science department. His research interests include cryptography, zero knowledge, pseudorandom generation, secure protocols, mechanism design, and blockchain.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$2.30B #23
Circulating supply
8.69B / 10B
All-time high
$3.7900
24h volume
$117.73M
3.9 / 5
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