Crypto news outlet The Merkle reported that Algorand has established itself as a high-capacity, rapid finality, low-fee, and carbon-neutral layer 1 blockchain. With over 54,000 daily active addresses and a transaction volume that has doubled since late 2023, Algorand ranks fifth among top protocols. Most transactions are under $1, indicating extensive use for automated transactions and smart contracts, and that Algorand's growing user base, increasing transaction activity, and confidence from large holders highlight its potential for future growth.
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