The Algo Insights Report: December 2024

Welcome to the first insights report of 2025, recapping the month of December. The Algo Insights Report is your monthly update for news and insights from the Algorand Foundation, ecosystem, and more.  

December was the final chapter of a transformative year for Algorand. It was a month of sustained growth and notable achievements in real-world asset (RWA) tokenization.

In this issue of the report, we will focus on RWA TVL growth, node growth, and social media momentum.

The real-world asset sector on Algorand has shown consistency, with steady month-over-month growth since June 2024. RWA TVL increased by 34.6% from $57 million to $77 million in the second half of last year, driven primarily by expanding asset tokenization on Lofty. From November to December, there was a 7.5% increase in RWA TVL alone, again highlighting a strong finish to the year in this sector. 

The Algorand Mainnet also experienced a 31% increase in the number of nodes, indicating significant growth in decentralization. Staking Rewards’ impending launch in January has been driving incentivization to run a node and help secure the Algorand network.

Algorand's social media presence ended 2024 on a particularly strong note. Engagement rates jumped to 7.2% in Q4, significantly outperforming the 4.3% rate seen in Q1-Q3. Perhaps most notably, 64.5% of the year's total follower growth for X occurred in Q4, with 13,196 new followers joining the community compared to 7,251 in the first three quarters combined.

MAUs refer to any wallet which sent at least 1 txn in the month. 
Data Sources: Nodely DW, Defillama

Monthly Real-World Asset Total Value Locked

 What happened in December: Algorand's real-world asset sector produced its seventh consecutive month of sustained growth. The total RWA TVL reached $76.77 million by year's end, representing a 34.6% increase from June's figure of $57.03 million.

What is causing this: Key to the RWA TVL expansion is Lofty, which showed month-over-month gains, steadily climbing from $31.24 million RWA TVL in June to $50.64 million by December. This consistent upward trend saw Lofty adding approximately $3-5 million in tokenized real estate value each month. This growth was a key driver in pushing Algorand's total RWA TVL to $76.77 million.

The bigger picture: Algorand's consistent growth in RWA TVL reflects its strength as a purpose-built platform for real-world asset tokenization. The blockchain's architecture addresses key requirements for institutional-grade RWA solutions, such as transaction finality and low fees. This combination of technical capabilities, coupled with the steady growth in RWA TVL throughout 2024, proves Algorand's strategic positioning as a leading blockchain for real-world asset tokenization. 

News and updates

From the foundation

• The 2024 Algorand Wrapped video recapped an explosive 12 months for Algorand. Watch it here.
• Algorand Bharat hosted its hugely successful India Summit. Hundreds of blockchain enthusiasts from across India came together for this gathering to demonstrate and discover the power of Algorand. Watch the recap here.
• Episode 2 of Algo Radio premiered. Catch up here.
• The 12 Days of Algomas successfully engaged the community on social media platforms.
• The Verifiably Random podcast team released Episode 3 and Episode 4. Matt Keller joined the hosts and discussed Algorand's Impact in Episode 3, while Anil Kakani, VP, India Country Head in Community, joined Episode 4 to discuss the India Summit.
• BitGet listed ALGO, making it now available on all top 20 CEXs.
• Weiss Crypto upgraded Algorand to 'A-'. ALGO joins BTC, ETH, and ADA as the only cryptos currently in their "A" tier.
• Algorand’s Staking Rewards upgrade was deployed to Betanet ahead of its mainnet launch this month. 

 Ecosystem roundup

• Pera added its Asset Inbox, making onboarding even simpler and more efficient. Additionally, the Express Send feature streamlines the transfer of assets with a single click.
• The $30K Immunefi Audit Competition with Folks Finance for xALGO launched. 
• Nodely launched its node health telemetry system.
• Rug Ninja charts now show the full history of coins created on the platform.
• FUNC makes it easier to manage Algorand nodes with its latest upgrade. 

Algorand in the news

• The Algorand Foundation performed a sponsorship takeover of the Forbes & Forbes Crypto homepages in the US, Germany, Nigeria, India, and Italy. 
• Coin Bureau covered the Foundation’s Blockchain Academy with the UNDP.
• CMO Marc Vanlerberghe spoke on NASDAQ Talks to discuss the diverse applications of tokenization in climate tech.
• Foundation CEO Staci Warden spoke about how Lofty and TravelX are using Algorand’s technology to transform the real estate and airline travel industries at The Block’s Emergence conference.
• John Woods spoke on Generation Infinity with Leemon Baird, Ben Jorgensen, and Alex Brandes, discussing mass adoption and the DeRec Alliance.
• An Altcoin Daily video on quantum-secure blockchains discussed Algorand's industry leadership in the field.

  How to get involved

• Governance Period 14 began on December 31, ahead of the launch of Staking Rewards.

 Upcoming in January

• January 13-18: Algorand Foundation will represent on a variety of panels and talks at CFC Moritz, Switzerland.

• January 20: Algorand Foundation team members will attend events during the World Economic Forum in Davos.

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