Algorand Sees Major Growth With 2.6 Million New Wallets In One Year

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 … Read more

Tether Announces Shift to ‘Community Driven Support’ Regarding USDT in Eos and Algorand

Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on community interest. The company announced it would stop minting USDT tokens in two blockchains, Eos and Algorand, starting June 24. Tether Announces Change to Community-Driven … Read more

Algorand: A High-Performance, Eco-Friendly Blockchain With Strong Fundamentals

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 … Read more