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Algorand ALGO Shows Strong Network Growth Amid Market Recovery
Algorand ALGO Shows Strong Network Growth Amid Market Recovery
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[TRADE_PLUGIN]ALGOUSDT,ALGOUSDT[/TRADE_PLUGIN]
Algorand ALGO News -
Algorand''s native token ALGO surged to $0.2075 this month, marking a 17% recovery from June lows despite remaining 66% below its December peak. This rebound aligns with significant network growth—Nansen reports Algorand processed 13.69 million transactions last week, a 54% weekly increase, while active addresses rose by the same margin to 1.26 million.
The blockchain''s stablecoin ecosystem is showing renewed strength, with market capitalization climbing 12% to $53.8 million. Notably, the Algorand Foundation revealed that online staking exceeded 2 billion ALGO, achieving a 7.1% participation rate. Real-world asset tokenization continues to gain momentum, highlighted by Lofty''s $50 million real estate platform.
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