Welcome to the latest edition of The Algo Insights Report, recapping ecosystem metrics and momentum in March 2025.
Throughout the month we saw notable improvements across the board. Monthly Active Users (MAUs) surged by +24.6%, while the stablecoin market cap grew by +26.3%, reflecting increased on-chain activity and confidence. Smart contract deployments rose nearly +19%, and new asset creation continued steadily. Social engagement also saw a boost, particularly on Instagram, which grew by nearly +35%. These figures highlight Algorand’s consistent upward trajectory month-over-month. — Simon Bonanno, Head of Business Intelligence
Continue reading for updates from across the ecosystem.
March Insights
Data Sources: Nodely DW, Defillama, Pera Wallet
Monthly Active User is any wallet which sent at least 1 txn in a month
News & Updates
From the Foundation:
Governance Rewards have ended. What comes next:
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- Reflecting, and how to keep collecting rewards.
- Applications are now open for the inaugural xGov Council election. Apply today and help lead the next chapter of decentralized decision-making.
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In other staking news, Gate.io enabled staking for their users, and the Foundation continued to reduce its stake. This marks the highest level of decentralization in Algorand’s history, with community-led online stake now comprising ~20% of all ALGO in circulation.
Ready to bring your vision to life with blockchain? Our new Web3 Masterclasses will give you all the tools to get started. Running April 22 - May 8; register now.
Catch up on Verifiably Random S2E7 on all things dev engagement; and ALGO Radio Episode 7 on all things staking.
We are excited to sponsor the world’s largest hackathon, hosted by Bolt. Stay tuned for more details!
The Algorand Startup Lab, cohort 2, kicked off in partnership with T-Hub Hyderabad; and the Algorand Blockchain Academy with UNDP continued.
CoinFabrik completed its review of the formal specifications for node implementation.
Session recordings from EthDenver started rolling out. Watch talks from the founders/builders behind Lofty, AlphaArcade, ZTLment, and more.
AlgoKit 3.0 is here!
Key features:
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- Native TypeScript and Python
- Automated deployment and app configuration
- Local testing environment & testnet dispenser
- Web-based visualizer for on-chain accounts, transactions, assets and applications (LORA)
- Visual smart contract debugger
- Project templates for jumpstarting common builds
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Learn more about this landmark upgrade in dev tooling, and start building on Algorand today.
Ecosystem round-up:
Exodus became the first US company to trade on a national exchange – and have its NYSE-listed stock digitally represented on a blockchain (Algorand, of course).
Alpha Arcade surpassed $200K in trading volume!
Telegram enabled ALGO trading for the ~1B users; and Latin America’s largest digital bank, Nubank, added ALGO support for its 100M+ clients.
CompX launched a Native Exchange (NEX) in partnership with Ultrade.
AlgoNodeRewards.com launched, offering users a simple interface to track their staking rewards.
AlgoSurf launched new features, including display for local app state, app escrow lookup support for localnet, and more.
Global trading card giant Panini partnered with FIFA Collect for a series of World Cup collectibles (minted on Algorand).
Pera Wallet went fully open-source; added updated social icons, project URLs, and explorer links on Discover; and enabled on-ramping from Coinbase.
GoPlausible launched a robust MCP server, enabling agents to call, read, and create transactions on Algorand.
Algorand — on a podcast near you:
CTO John Woods and CMO Marc Vanlerberghe were on CoinMarketCap Live. Woods was also on DBCrypto, and Vanlerberghe on Wolf of Web3.
CEO Staci Warden was on Around the Coin.
Joseph Cecala of Pera Wallet was on the Genfinity podcast.
And Crypto Wendy named Algorand one of the best crypto projects of 2025.
Upcoming in March:
8 April: Workshop - Getting started with Algorand, hosted by Web3 Pak
12 April: Web3 Meetup at Paris Blockchain Week, hosted by RedStone & Algorand
16 April: TechCentral Webinar: The post quantum computing challenge – a webinar led by CTO John Woods
16 April: Product design in Web3 – Episode 1, hosted by Algorand Nigeria
17 April: Web3 Founders & Funders Meetup, hosted by the Algorand Accelerator
23 April: Algorand Nigeria Peer Coding Session 2
28-29 April: Algorand Foundation is sponsoring the Staking Summit in Dubai; CMO Marc Vanlerberghe will speak
30 April - 1 May: Algorand Foundation sponsors Token2049 Dubai and will host a side event in partnership with XBTO; stay tuned for the link to sign-up!
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