December 2025 Algo Insights Report

Welcome to the latest edition of the Algo Insights Report, recapping ecosystem metrics and momentum in December 2025. 

Psst: you can get the Algo Insights report directly to your inbox each month 👉 Sign up.

December highlights

In December, Algorand maintained stable network fundamentals, while several key metrics showed growth momentum across the ecosystem.

Key highlights:

• The network expanded, with wallets up 0.8% reaching 48.90 million, and transactions climbing 1.3%, pushing past 3.40 billion in total.
• New assets created surged 18.0% reaching 35,708 vs. 30,265 in November.
• Stablecoin market cap also grew 18.5%, up from $50.05 million to $59.34 million, reflecting deeper liquidity and confidence in Algorand-based assets.
• DeFi and liquidity: While USD-denominated Total Value Locked (TVL) fell 11.0% to approximately $103 million amid broader market weakness, ALGO-denominated TVL rose 7.9%, highlighting relative on-chain liquidity resilience.

Decentralization and security update

In 2025, Algorand achieved material progress in decentralization and network security. Total ALGO staked increased by 56.8% from 1.26 billion to 1.98 billion. Community share rose from 36.5% to 80.2% while the Foundation’s share declined from 63.5% to just 19.8%. Validator (online accounts) participation nearly doubled, increasing from 897 to 1,726, a 92.4% increase.

Algorand tokenomics

At the end of December, ALGO’s circulating supply reached 8.84 billion, representing 88.4% of the total maximum supply. This marks a 0.3% increase from November.

Staking rewards and network fees

For 2025, validators received a total of 70.24 million ALGO in staking rewards. The chart below highlights the monthly distribution, providing insight into both staking rewards issuance and fee-driven activity on the network.

Thank you for reading. Be sure to check out the rest of the newsletter for more updates from 
the Foundation and across the ecosystem.

– Simon Bonanno, Head of Analytics

News and updates

From the Foundation

2025 saw significant activity and milestones for Algorand and the ecosystem. The Foundation released several year-end updates:

2025 on Algorand: Roadmap progress
2025 on Algorand: Reimagining aid delivery with the Algorand blockchain
2025 on Algorand: What's in it for you as a developer?
2025 on Algorand: You shipped (ecosystem highlights)
2025 on Algorand: Web3 masterclasses recap
2025 on Algorand: Algorand hackathons recap

The Algorand Foundation India Summit, focusing on financial empowerment, was a huge success. Read the recap, watch the interviews on YouTube, and follow an extensive X thread on updates from the Summit.

Governance

• The Algorand xGov smart contract was funded with an additional three million ALGO for grant proposals. New proposals are open to vote. 

Algorand in the news

• AF CEO Staci Warden appeared on NYSE TV to discuss Algorand and the state of crypto.
• AF CLOO Jennie Levin joined the Block & Order podcast to discuss Algorand and crypto regulation.  
• AF CBO Min Wei explained why tokenization became more than an experiment in 2025 for CfC St. Moritz.
• The Foundation joined over 125 companies and organizations signing a letter urging Congress to defend the GENIUS Act as written.
• Binance highlighted CEO Staci Warden, speaking at Binance Blockchain Week in Dubai.

Around the ecosystem

The roundup below showcases the activity fueling Algorand’s growth and adoption across multiple sectors.

Staking and DeFi news

• A new Ecosystem Spotlight video features Valar’s CEO.

• Folks Finance update: The Folks Mobile app obtained its VASP license for regulatory compliance. P2P Validator is now operating a node for Folks Finance's xALGO on Algorand, and Season 2 of Folks Points is live.
• Tinyman reached a new all-time high, 40% of the circulating supply, in TINY locked in governance.
• For S3:E9 of the Verifiably Random podcast, AF CSMO Marc talked with Carret COO Shuja Hussein, filmed live at the 2025 Algorand India Summit. Carret provides easy on-ramping and off-ramping of Indian Rupee (INR) and ALGO, acting as a bridge for Indian customers.
• Messari published its Q3 2025 Algorand report, highlighting solid growth in DeFi TVL (15% increase QoQ) and community-staked ALGO.
• Haystack is now available in web browsers, and DefiLlama now tracks HAY token staking on Algorand.
• DeFi P2P, a new lending platform on Algorand, is now live.

• Pact published a December 2025 Update.

• Vestige aggregator crossed $200 million lifetime volume.

Each week, the Foundation’s Head of DeFi, Fred Estante  (on X @fredestante), recaps everything happening in the ecosystem. Check out his December summaries to discover when apps are running incentives, opportunities for beta testing new apps and feature upgrades, and more: DEC 7 | DEC 14 | DEC 21 | DEC 28

Stablecoins, payments and agentic commerce

• Algorand-native USDC is now available to Wirex's seven million users for use at 80 million merchants worldwide via their Visa card.
• Quantoz demonstrated a real-world EURD micropayment with settlement on Algorand.
• Watch a video from AF on blockchain-enabled payments for humanitarian assistance, featuring speakers from Mercy Corps Ventures, Paycode, United Nations Development Programme (UNDP), and Coala Pay.
  

Tokenization and Real World Assets (RWAs)

• tZERO, a leading regulated platform for the tokenization and trading of digital securities, now supports Algorand.

Wallets

• Read the 2025 Yearly Recap blog post from Pera Wallet.

Prediction markets

• Alpha Arcade rolled out a new incentive - when users place predictions and pay trading fees on the platform, 50% of those fees are now automatically returned to them in $ALPHA directly to their wallets.

Gaming

• Fracctal TCG, a game built on Algorand, was officially released on Steam.

NFTs

• Ferrari is working with Conio to launch the Ferrari 499P Token on Algorand.

On-chain certification (renewable energy)

• Bullfrog Power, Canada's leading green energy provider, launched a pilot using Algorand to issue secure, permanent, and publicly accessible digital sustainability certificates, providing transparent proof of renewable energy use. The pilot includes certification for renewable energy usage by Staples, one of Canada's largest office supply retailers.

Dev spotlight, tools, and infrastructure

• Peer-to-peer networking (P2P) is now live on Algorand and available to node runners through NodeKit and FUNC.

• New Ecosystem Spotlight video features Urtho (Founder of Nodely).

• The United Nations Development Programme (UNDP) Blockchain Academy launched again, presented in collaboration with AF.

• AF announced a partnership with AImanax to support Algorand Accelerator teams with continuous security and vulnerability management.

• Nodely now tracks permissionless repeaters on Algorand.

• After two months of competition, the Algorand Startup Challenges (first edition) announced the 10 winning teams.

Algoland's final month

As expected, December was the lowest month in terms of overall engagement in Algoland as the campaign wound down and all challenges officially ended on December 21. 

The standout moment was the week of December 1, when we hit a new peak thanks to the Pera Spin quest and Algorand memecoin distribution, driving strong interest back into Algoland with more than 1000 people participating in the weekly challenge. 

Across December, Algoland posts on the Foundation X account averaged 22,000 views each, with major launch and giveaway posts landing in the 35,000 to 45,000 view range, for an estimated 400,000 to 500,000 total views. 

Engagement quality improved with engagement rates rising by 6% even as volume tapered. On the web side, around 250,000 new users visited Algorand pages during December, confirming that Algoland continued to bring fresh eyes into the ecosystem right up to the end of the campaign.

What's happening in January

• January 14 - 16: AF leadership at CfC St. Moritz in Switzerland.

• January 20: Join us for an Algorand Community Call, follow the Foundation on X for the updated time.

• January 28: AlgoBharat team hosts Startup Lab Demo Day at T-Hub, Hyderabad (India).

Stay up to date on upcoming conferences, hackathons, speaker events, and community meetups around the world by visiting our Events page.

Disclaimer: The content provided in this newsletter is for informational purposes only. The information is provided by the Algorand Foundation and while we strive to keep the information up-to-date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the newsletter for any purpose.

The content of this newsletter is not intended to be financial advice. You should not take any action before conducting your own research or consulting with a qualified professional. Any reliance you place on such information is therefore strictly at your own risk.

In no event will Algorand Foundation be liable for any loss or damage including without limitation, indirect, or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this newsletter.

Through this newsletter, you may be able to link to other websites which are not under the control of the Algorand Foundation. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not imply a recommendation nor endorse the views expressed therein.