November 2025 Algo Insights Report

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

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

November highlights

Algorand’s network fundamentals remained broadly stable in November, though momentum softened compared to October’s strong growth.

Key highlights:

• The network expanded, with wallets up 1.4% reaching 48.50 million, and transactions climbing 1.4%, pushing past 3.35 billion in total.
• ALGO staked increased by 1.1% reaching 1.95 billion, with the community holding 79.9% and the Foundation holding 20.1%, reinforcing Algorand’s strong decentralization and robust network security.
• Monthly active addresses declined by 5.4%; however, the number of addresses remained high at 860,000, signaling strong engagement.
• DeFi and liquidity: While USD-denominated Total Value Locked (TVL) fell 17.0% to approximately $116 million amid broader market weakness, ALGO-denominated TVL rose 2.8%, highlighting relative on-chain liquidity resilience.

Algorand tokenomics

At the end of November, ALGO’s circulating supply reached 8.81 billion, representing 88.1% of the total maximum supply. This marks a 0.2% increase from October.

Staking rewards and network fees

During the first 11 months of 2025, validators received a total of 63.18 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.

Thanks 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 executed the first post-quantum transaction on mainnet using NIST-selected Falcon signatures, reinforcing Algorand’s leading position in quantum resistance among all other public blockchains.
• In S3:E8 of the Verifiably Random podcast, Min Wei, CBO, interviews Shah Ramezani, Founder and CEO of Noah. Catch all of the episodes on X or YouTube.

Governance

• The first round of approved xGov grant proposals (six so far) received retroactive funding for their open-source contributions to the Algorand ecosystem.

Algorand in the news

• LiquidAuth and Pera Wallet’s launch of the world’s first self-custodial passkey manager was featured in Blockster and Blockchain News.
• Algorand Foundation and Noah's partnership to bring regulated payments on-chain was covered in Cryptonews.  
• Insightful commentary from Staci Warden, Algorand CEO, in a Cryptonews article about growth in investor interest in real-world assets (RWAs). 

Around the ecosystem

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

Staking and DeFi news

• Folks Finance completed their Token Generation Event (TGE) for the FOLKS token. See the interview with Zeno Auersperg, Folks Finance Head of DeFi. Folks xPortal, powered by NTT, is now live, allowing users to bridge FOLKS tokens between Algorand and other EVM blockchains.
• Tinyman reached $500 million in trading volume and set a new record with over 40% of the circulating supply of TINY now locked in governance.
• Haystack introduced staking for the HAY token in its app.
• Myth Finance launched new dualSTAKEs.
• Compx launched the Orbital lending market.

Stablecoins, payments, and agentic commerce

• At Devconnect in Buenos Aires, AF announced a strategic partnership with Noah to bring regulated, institutional-grade payments on-chain. Marc Vanlerberghe, Algorand Foundation CSMO, posted about the partnership on X.
• Coinify integrated Algorand for USDC payments and settlements.
• The Pera card reached a milestone of over USDC 200,000 on Algorand spent using the @PeraAlgoWallet Card.
• HesabPay announced it’s now possible to send MoneyGram remittances worldwide through HesabPay.

Wallets

• Liquid Auth is now live on Algorand through the Pera Wallet.
• AF released a new episode of Ecosystem Spotlight featuring the founder of Lute Wallet and FUNC.

Gaming

• RollerCoin (a crypto mining simulator with over 5 million players) integrated Algorand into its game.
• Rxelms released the beta of its NFTurbo game for Algoland.
• PlayToEarn nominated Cosmic Champs in Best Action Game category.
• AlphaArcade reached $4 million in total volume.

Supply chain

• Lavazza set a record for on-chain tracking of its Cuban coffee supply chain.

Dev spotlight, tools, and infrastructure

• Pollovote joined AF’s Accelerator program and officially integrated with Algorand.
• Algorand Dev team released Algorand Python 5.0 and Algorand TypeScript 1.0, integrated into AlgoKit. This further improves and simplifies the developer experience on Algorand by allowing devs to build Web3 in a language they already know.
• Algorand Technologies released Algorand protocol upgrade to version 4.4.1.

Each week, the Foundation’s Head of DeFi, Fred Estante (on X @fredestante), recaps everything happening in the ecosystem. Check out his November summaries to discover when apps are running incentives, opportunities for beta testing new apps and feature upgrades, and more: NOV 2 | NOV 9 | NOV 16 | NOV 23 | NOV 30.

Dev events in November

• DevRel had a busy month at both @thejsnation and hosting a significant presence and events at @EFDevcon in Buenos Aires.

Update on Algoland

In November, the Algoland campaign generated 845,000 website visits, maintaining strong traffic performance across all channels. The conversion rate to "Connect Wallet" reached 2.0%. 

The “Wallet Week” quest emerged as a standout, attracting nearly 3,000 participants, making it the most engaging activity of the month.

By the end of November, the team had launched a total of 29 quests, reflecting consistent rollout and continued community activation. The month concluded with 73 prize winners.

What's happening in December

The Foundation hosted the 2025 Algorand India Summit in Bangalore on December 6–7, highlighting real-world blockchain solutions built on Algorand being deployed across India. The Summit also featured the final rounds of the AlgoBharat Hack Series and Startup Pitch competition.

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 nor any affiliates 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 and affiliates. 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.