The Algo Insights Report: February 2025

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

There was steady momentum in the Algorand ecosystem across February 2025. Notable growth metrics include a 9.5% increase in nodes (and therefore, network decentralization), and 24.43% increase in total stablecoins market cap, driven by USDCa. 

Total transactions, wallets, and RWA TVL also saw small increases throughout the month.  

The bigger picture: Mainnet nodes on Algorand continue to increase. As the community brings more nodes online, the Foundation is reducing its own stake (with a total of 262 million ALGO removed in February alone). Taken together, this means the Algorand network is continuing to become even more decentralized and resilient against potential disruptions. 

(And all that staking and node growth doesn’t go unrewarded – as CTO John Woods put it: “If you’ve not checked out Algorand staking, now is the time - rewards have never been juicier.”) 

Data Sources: Nodely DW, Defillama, Pera Wallet

Monthly Active User is any wallet which sent at least 1 txn in a month

Stablecoins market cap (USD)

Algorand mainnet nodes

News and updates

From the Foundation

• Messari released its Q4 2024 report on Algorand, highlighting key growth metrics including 151% market cap growth, 176% increase in new addresses, and 66% increase in average daily transactions (all QoQ). Read the report here. 
• The Algorand DeFi Dashboard went live on Nansen! Explore this one-stop hub for tracking the growth, adoption, and market share of Algorand’s DeFi ecosystem. 
• GP14 voting session went live. Check out the measures and be sure to vote before the March 13 deadline.
• The Nigeria-focused team attended special in-person sessions with the Nigerian SEC Director-General and more, highlighting the ways blockchain will boost efficiency and aid capital markets regulation.
• AlgoBharat hosted several developer meetups, and announced applications are now being accepted for cohort 2 of the Startup Lab at T-Hub Hyderabad.
• Episode 4 of ALGO Radio focused on the xGov Council and the future of Algorand governance; listen to the recording. And Episode 5 covered memecoins, speculation, and what’s next for Web3; listen now.
• Principal Architect Bruno Martins and Head of Dev Rel Brian Whippo joined CMO Marc Vanlerberghe for a discussion on the recent Bybit hack – what happened and how it could have been prevented; listen to the recording.
• The Foundation invested in Valar Staking, a decentralized platform for P2P staking, and Head of Ecosystem Funding & Growth Programs Joana Lacerda reflected on the team’s journey through our startup programs. 
• Nodekit v1.3 was released, introducing keyreg via QR code. See a demo video here.
• Verifiably Random S2 E6 dropped, featuring special guest Max Ball, cofounder of AlphaArcade; highlights here with links to listen.

The AlgoRanch at EthDenver

Builders from TxnLab, Lofty, Alpha Arcade, ZTLment, FUNC, Monko, and more gave presentations and demos about building on Algorand. Recordings of the talks are being released on the Foundation’s YouTube. And relive all the magic in this sizzlin’ sizzle reel.

We also drove broad awareness for Algorand, taking 8 billboard placements in the Denver airport and handing out over 1,200 hydrating “Algorand Cans” to conference-goers. 

Ecosystem roundup

• Alpha Arcade launched on Algorand mainnet. 
• Robinhood announced ALGO is now available for trading tousers in Europe, and SBI VC announced ALGO is available on its exchange for users in Japan.
• Pact’s consensus-compatible liquidity pools went live! Users can join liquidity pools and help secure the Algorand network while collecting rewards. 
• Mitsui O.S.K. Lines, one of the largest shipping companies in the world, announced it will utilize 123Carbon for its group-wide carbon insetting program. 123Carbon leverages Algorand for “inset” tokenization; learn more about them here.
• Bitpanda announced its users can now collect rewards for staking ALGO directly within its app; learn more in this AMA.
• Shufl DEX went live, enabling users to trade native assets securely and efficiently across major blockchains with a unified orderbook. Learn more.
• Reti Pooling revealed a UI update, and became the third-largest protocol by TVL on Algorand.
• Vestige announced the beta release of its new Algorand analytics platform.
• CompX launched genesis staking pools.
• Gainify’s G-App staking & farming protocol went live.
• FIFA+ Collect hit a milestone of 10M transactions.
• Pera Explorer added labeling support for multi-signature accounts, Binance custody accounts, and pool tokens; and Pera Wallet added price notifications and freeze & clawback identifiers. 
• Wen.tools got a UI upgrade, and launched new airdrop tools.
• TxnLab released use-wallet v4.0. 
• Gora Network shared its Q1-Q2 2025 roadmap, outlining developer initiatives, multi-chain expansion, and more.

Algorand in the news

🗞️  AllinCrypto: Algorand settles 34K transaction block as DeFi reach increases

💻  AJWritesCrypto: ALGORAND ROADMAP: Why ALGO BEATS SOLANA with John Woods

 Upcoming in January

March 18: Algorand Nigeria peer coding session #1 – collaborate, code, and build on-chain solutions in real-time. [Register]

March 18 - 20: Algorand Foundation sponsors Blockworks’ Digital Asset Summit NYC; CEO Staci Warden will speak on the mainstage on the 20th.

March 31-April 5: Algorand Developer Retreat - Hack from Home
 Ecosystem and Foundation developers will gather at the end of the month to collaborate on open source code. All global developers are invited to "hack from home" along with the group! Sign up now to express your interest in participating remotely. [Sign up for more info]

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