October 2025 Algo Insights Report

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

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October highlights

October was a strong month for Algorand, with clear signs of user and developer growth across the network despite decreased USD-denominated DeFi metrics.

Key Highlights:

Monthly active addresses jumped 20.3% to 909,000, signaling stronger engagement. Growth was broad-based, helped by new ecosystem activity, such as Algoland and the participating dApps.

New assets created surged 54.3% (41,300 vs. 26,800), and smart contracts deployed rose 8.3% to 832,000, underscoring healthy dApp development.

The network expanded, with wallets up 1.5% to 47.8 million and transactions climbing nearly 2%, pushing past 3.3 billion in total. Node count held firm at 3,189 (+0.7%), reinforcing Algorand’s decentralization and robust network health.

DeFi & Liquidity: TVL dropped 16.3% to ~$140 million, reflecting broader market trends. 

Social & Sentiment: Social traction across all platforms was modest but consistent, with X followers +3.3%, YouTube +1.7%, and Instagram +2.2%. The community continues to expand at a steady pace, even in quieter market conditions.

Algorand tokenomics

At the end of October, ALGO’s circulating supply reached 8.79 billion, representing 87.9% of the total maximum supply. This marks a 0.11% increase from September.

Staking rewards and network fees

During the first 10 months of 2025, validators received a total of 56.20 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 & updates

From the foundation

• Staci Warden, CEO, attended the first-ever Federal Reserve conference on payment innovation. She also spoke at Blockwork’s Digital Asset Summit (DAS London) 2025, where she discussed bridging institutions and innovation in the digital asset era, sharing Hesab Pay and Algorand’s Aid Trust Portal as key examples.  
• Marc Vanlerberghe, CSMO, also spoke at DAS London about the future of payments on crypto rails, citing Pera Card as an example. Additionally, Marc spoke at the European Blockchain Convention in Barcelona and Merge Madrid.  
• It was a busy month for Verifiably Random Podcast! Catch all of the episodes on X or YouTube:
  S3:E4 featuring Folks Finance
  S3:E5 diving into Algorand DeFi
  S3:E6 featuring Haystack
  S3:E7 featuring Jennie Levin, CLO/COO, with an update on crypto regulation

Governance

The xGov Platform (beta) is now live on mainnet, and the proposals submitted show the depth and quality of our ecosystem builders. Voter turnout, which is essential for proposals to be funded, is a focus point for improvement. We invite all enrolled xGovs to visit the platform weekly to vote on open proposals. Check open proposals, vote, or enroll at https://xgov.algorand.co.

Algorand in the news

• A new article in Forbes, written by Matt Keller, Head of Impact and Inclusion at AF, explores how blockchain technology can enhance trust and transparency in humanitarian aid.  
• Algorand featured in the Builders section of the 2025 State of Crypto report from a16z crypto.
• Marc explored the intersection of AI, agentic commerce, and crypto for CfC St. Moritz.  
• Insightful article from Mercy Corps highlighting Pilot Insights, in partnership with HesabPay, powered by Algorand, deploying stablecoin rails for aid payments to participating farmers and agribusinesses in Northeast Syria.
• Sustainability Magazine Q&A with CSMO Marc and Head of Impact Matt Keller,  covering blockchain sustainability, renewables, carbon reduction and more. 

Around the ecosystem

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

Staking & DeFi news

• Perps are coming to Algorand, thanks to ULTRADE, and will soon be available on testnet.
• Alpha Arcade surpassed $3M in volume and sold out its fourth token sale.
• Folks Finance launched a security audit competition in partnership with Immunefi.
• Haystack announced the closing of its Tranche 3 and the burning of all remaining tokens. 

Stablecoins, payments, & agentic commerce

• Google added Algorand as a partner for Google’s Agent Payments Protocol (AP2), alongside major tech and payments giants.
• James Tromans, Managing Director of Web3 & Digital Assets at Google Cloud, highlighted a “great” demo from the Algorand team showcasing agentic payments in action.

Wallets

• Pera released its Swap v2 for even smoother trading on Algorand.
• Pera announced card launches in Hungary, Belgium, Ireland, and Romania, bringing the total to 12 countries where cardholders can use the Pera Card to pay in USDCa anywhere Mastercard is accepted.

Gaming

• The Fracctal TCG Demo went live on Steam.
• Generation Infinity interviewed Astro Explorer about Algoland.
  
  

  Loyalty, onboarding, & Web3 experiences

• Building on the successful initial launch of The Tower, World Chess and the Algorand Foundation renewed their strategic partnership to bring Algorand’s secure and efficient technology into the daily lives of chess players worldwide.

Dev spotlight, tools, & infrastructure

• The dev team launched the Algorand Specifications website, a complete technical reference for engineers, researchers, and security experts to explore how Algorand works, from consensus to cryptography.
• 250+ early-stage startups signed up to compete in the Algorand Startup Challenge. 
• Algorand processed 10M transactions in just 12 hours (~230 TPS sustained).
• Folks Finance reported an issue with a potential code vulnerability when using Algorand Python (PuyaPy) to write a smart contract on the Algorand blockchain. The AF engineering team promptly fixed our tools to address the issues, and there is currently no known impact on the ecosystem as a result of either issue. Read the full report on the DevPortal, and please join our Discord for any comments or questions.

Each week, the Foundation’s Head of DeFi, Fred Estante (on X @fredestante), recaps everything happening in the ecosystem. Check out his October summaries to discover when apps are running incentives, opportunities for beta testing new apps and feature upgrades, and more: OCT 5 | OCT 12 | OCT 19 | OCT 25.

Dev events in October

• Jorrin Bruns, DevRel at AF, hosted the first Algorand Hackathon Showcase livestream, featuring some of the best projects from Algorand hackathons.
• After the Harvard hackathon in September, Algorand and EasyA partnered on another successful hackathon in London. 

Update on Algoland

Since launching on September 22, the Algoland campaign has delivered strong performance across every channel: 

• 1.7 million users visited algoland.co.
• 55,000 participants joined us in Algoland.
• The participant dApps saw a 5x-9x increase in daily activities.
• Videos collectively reached 2.8 million views.
• 34 winners were announced in October. 
  
  And the excitement isn’t over yet! The campaign continues until the last week of December, and users can revisit and complete past quests to become eligible for the grand prizes: 100,000 ALGO, a 5-star trip for two, and an e-bike.

What's happening in November

From Campus Connect in Karachi, Pakistan, to the Blockchain Futurist Conference in Miami, USA, Algorand is looking forward to several events during a busy November.

At DevConnect in Buenos Aires, the team is hosting Algo Day on November 18 and will be bringing Algoland to life with an immersive experience on November 19. 

Stay up to date on upcoming conferences, hackathons, speaker events, and community meetups around the world. For the full Algorand calendar, visit our Events page.

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