Algorand Price Tracker (ALGO) & Whale Tracker

What is Algorand

Algorand is a proof-of-stake blockchain designed by Silvio Micali, the MIT professor who won the Turing Award for his work on cryptography and invented the verifiable random functions the network depends on. He founded the project in 2017 and the mainnet launched in June 2019. Algorand's design goal was to solve the trade-off between decentralisation, security and speed with a protocol that is simple enough to prove correct, and it has delivered blocks every few seconds with instant finality and no forks since launch.

ALGO is the native token. It pays transaction fees, which are fixed at a fraction of a cent, is staked to participate in consensus and, since 2025, earns rewards for doing so. The live price, market cap and supply at the top of this page refresh automatically.

The Algorand Foundation in Singapore manages the ecosystem and the token's distribution, and Algorand Technologies, the company Micali founded, develops the core software. Both have cultivated relationships with governments, universities and financial institutions rather than with retail-focused DeFi.

How Algorand works

Algorand's consensus is pure proof of stake. In every round, a verifiable random function secretly selects a block proposer and a committee of voters in proportion to their stake, and because the selection is private until the chosen accounts reveal it, an attacker cannot target them in advance. Blocks finalise in about 2.8 seconds and the protocol guarantees that the chain never forks, so a confirmed transaction is final immediately.

Assets and applications are built in. Algorand Standard Assets let anyone issue a token with optional freeze, clawback and whitelist controls, which is why regulated issuers chose the network for tokenised securities and stablecoins. Smart contracts run on the Algorand Virtual Machine and can be written in Python through the AlgoKit toolchain, lowering the barrier for developers who do not know Solidity or Rust.

State proofs, introduced in 2022, let other chains verify Algorand's state with compact cryptographic proofs rather than trusting a bridge operator. Participation in consensus requires no minimum stake, and since January 2025 accounts with at least 30,000 ALGO that run a node earn block rewards.

Supply and tokenomics

ALGO has a maximum supply of ten billion tokens, all minted at genesis. The Algorand Foundation has released them over time through auctions, grants, ecosystem programmes and the early-backer and team allocations, with the full schedule published and most of it complete. Transaction fees originally went to a fee sink; since 2025 they fund the block rewards paid to participating nodes.

The foundation historically paid governance rewards to holders who voted in quarterly governance periods, a programme that wound down as staking rewards took over. Around half of circulating ALGO is held by accounts participating in consensus or in DeFi, and the foundation's remaining reserve is a known source of supply.

History and milestones

Algorand raised more than 60 million dollars from Union Square Ventures and others before launch, and its June 2019 auction sold ALGO at 2.40 dollars, a level the token has rarely seen since. The 2020 and 2021 bull markets brought partnerships with the Marshall Islands for a national digital currency, with Italy's SIAE for tokenised copyright, and with FIFA, which named Algorand its official blockchain for the 2022 World Cup.

A 2023 US Securities and Exchange Commission complaint against an exchange named ALGO as a possible security, and the token spent the bear market near its lows. The foundation, led by chief executive Staci Warden, refocused on real-world assets, Python development tools and institutional partners. Staking rewards for node runners launched in January 2025, and the ecosystem grew around Folks Finance for lending, Lofty for tokenised real estate, and stablecoin issuance from Circle and others.

What people use Algorand for

Tokenisation is the focus. Real-estate platforms sell fractional property as Algorand assets, government and corporate issuers use its compliance controls for digital securities, and payment companies in Africa and Latin America use it for stablecoin transfers and remittances because fees never change. The Exodus wallet company issued its common stock as an Algorand asset.

DeFi exists but is modest: Folks Finance, Tinyman and Pact provide lending and trading. For ALGO holders, running a node or delegating through a service earns block rewards, and holding gives access to an ecosystem that prizes reliability over experimentation.

Where to buy and trade Algorand

ALGO is listed on Coinbase, Binance, Kraken, OKX, Bybit, Bitstamp and most other exchanges against the dollar and major stablecoins. Exchange-traded products tracking ALGO exist in Europe.

Pera and Defly are the main self-custody wallets, with Ledger support. Earning staking rewards requires running a participation node with 30,000 ALGO or more, or using a liquid staking service that pools smaller balances. Exchanges including Coinbase offer staking on behalf of customers.

Risks to understand

Algorand's technical reputation has not translated into adoption: its DeFi locked value and daily users are small compared with chains that launched later, and the token has underperformed through two cycles. Institutional partnerships have been announced more often than they have produced on-chain volume. The foundation's token releases and the SEC's 2023 characterisation remain overhangs.

ALGO fell more than 95 percent from its 2019 launch price and its 2021 high before recovering. This page is a reference for the data above, not investment advice.

Algorand FAQ