Welcome to the latest edition of the Algo Insights Report, recapping ecosystem metrics and momentum in March 2026.
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March highlights
March marked a clear inflection in network activity and developer momentum, with usage accelerating meaningfully even as some capital metrics softened.
Usage breakout signal real demand
Algorand saw a step-change in user activity:
- Monthly Active Wallets (MAW): +22.6% MoM (433K to 531K)
- Total wallets: +0.8% MoM (crossed 50.29M)
This is the strongest signal in the dataset. MAW growth significantly outpaced wallet growth, indicating existing users are becoming more active, rather than just new wallets being created.
Developer activity is accelerating rapidly
- Contracts deployed: +34.4% MoM (360K to 484K)
- New assets created: +53.0% MoM (18K to 28K)
This is a material acceleration in builder activity, often a leading indicator of future user growth.
Capital signals mixed, but not bearish
- TVL (USD): -7.5% MoM ($76M to $70M)
- TVL (ALGO): -4.1% MoM (893M to 856M)
- Stablecoin market cap: +26.3% MoM ($51M to $64M)
Declining TVL is offset by strong stablecoin inflows, suggesting capital repositioning rather than withdrawal.
Post-quantum security
State Proofs transactions are quantum-resistant checkpoints that lock in Algorand’s ledger history, ensuring it cannot be forged, even in a post-quantum environment.
Algorand’s State Proof system has been live on mainnet for the past 3.5 years, generating
140K+ transactions. This reflects the ongoing operationalization of Algorand’s quantum-secure infrastructure. The graph below shows transactions from when State Proofs went live on mainnet in Q4 of 2022; the years 2023, 2024, and 2025; and finally, the most recent quarter (Q1 2026).
Decentralization and security update
In March 2026, Algorand continued progress on decentralization and network security, with total ALGO staked steadily at over 2 billion. The community now accounts for 80.5% of the stake, while the Foundation’s share is 19.5%.
Algorand tokenomics
At the end of March, ALGO’s circulating supply reached 8.89 billion, representing 88.9% of the total maximum supply. This marks a 0.07% increase from February.
Staking rewards and network fees
In March, Algorand validators earned 6.89 million ALGO in staking rewards, up 9.9% MoM while fees collected rose 27.2% (from 34K to 44K ALGO).
The chart below illustrates the monthly evolution of reward distribution alongside fee generation.
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
- Algorand Foundation and Algorand Technologies came to an agreement to unify ecosystem and protocol operations under Algorand Foundation.
- Several team members were promoted this month. Bruno Martins was named CTO, Will Beaumont was promoted to Global Head of Product & Integrations, and Brian Whippo was promoted to Senior Director of Integrations & Developer Tooling.
- Following the unification of Algorand Foundation and Algorand Technologies, five new team members joined from AT, including Chris Peikert as Chief Scientific Officer and John Jannotti as Senior Vice President of Protocol Engineering. Learn more here.
- The Foundation hosted another Community Call. Watch the recording here.
- Marc and Matt spoke at SXSW. Marc led a session on agentic commerce, and Matt moderated a panel on humanitarian aid payments with UNHCR, Visa, and Mercy Corps Ventures.
- Staci and Marc spoke at the Abundance Summit. Staci and AF Board Chair Bill Barhydt spoke about global financial inclusion. Marc and Bill discussed agentic commerce in a workshop.
Algorand in the news
- Binance covered the news of Algorand Foundation and Algorand Technologies unifying.
- Blockchain Reporter wrote a piece about Bruno being named CTO.
- Staci was featured on Crypto Coin Show to discuss Algorand’s move to the US.
- Marc joined Cointelegraph’s Chain Reaction podcast to discuss the latest updates across Algorand.
- Authority Magazine wrote a piece on AF Head of Impact Matt Keller and how blockchain is used for transparency and equity.
- Staci’s interview on the Sujal Show at Binance Blockchain Week went live.
- The SEC's March 17 guidance classifies ALGO as a digital commodity in footnote 51, emphasizing that its value derives from Algorand's functional blockchain operations and market dynamics, exempting it from securities regulations.
- Google published a paper on quantum that cited Algorand 32 times, more than any other blockchain besides Bitcoin and Ethereum. Read the paper here.
Around the ecosystem
While the broader crypto landscape is seeing a period of consolidation and slowed retail activity, we are seeing a strategic focus narrowing on sectors that matter most for long-term adoption. The roundup below highlights how the ecosystem is doubling down on strengths in payments, prediction markets, and developer infrastructure.
Staking and DeFi news
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- Algorand staking is now available on Revolut.
- Haystack Launch is now live on iOS and Android.
- Lofty surpassed $5.2 million in total rental income paid to investors, with $1.7 million generated in 2025 alone.
- Allbridge celebrates reaching $600,000 in all-time bridging volume on Algorand, driven by its January 2026 integration with Algorand for native two-way USDC transfers across chains like Solana and Ethereum.
- $ALGO is now available on Post Finance, reaching 2.5 million Swiss bank customers.
Each week, the Foundation’s Head of DeFi, Fred Estante, recaps everything happening in the ecosystem. Check out his March summaries to discover when apps are running incentives, opportunities for beta testing new apps and feature upgrades, and more: March 22, March 15, March 8, March 1
Stablecoins, payments, and agentic commerce
Wallets
- Pera Wallet
- Pera Wallet is re-enabling its swap fee at 100 BPS (1%)
- iOS update now live (v6.19.0)
- Android update now available (v6.202605.0)
- Added historic USD values to CSV exports on Pera Explorer
Prediction markets
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Alpha Arcade
- Hit $20 million in daily trading volume and $120 million cumulative since inception.
- Launched an LP Dashboard for real-time reward tracking in user Portfolios.
- Brought March Madness markets live.
Dev spotlight, tools, and infrastructure
- GoPlausible released a Claude AI plugin for Algorand, embedding a full Model Context Protocol server with 101 tools for native blockchain access, including wallet management, smart contracts, and DEX operations.
- Qed.algo releases a Puya compiler pipeline visualizer, letting Algorand devs watch their Python code transform through every stage — from AST to TEAL.
- Algo Devs hosted an Ideathon on x402 with 42 Berlin.
- GoPlausible launched an OpenClaw plugin.
- VibeKit CLI and agentic explorer launched.
- AlgoBharat hosted several Hackathons, including Nexathon and AceHack 5.0. View the full list here.
What's happening in April
Q1 Transparency Report
The AF ecosystem team is hosting a Community Call April 21. Follow AF on X for updates.
Stay up to date on upcoming conferences, hackathons, speaker events, and community meetups around the world by visiting our Events page.