BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Algorand (ALGO) Adoption Jumps 62% as Tokenized Assets Hit $294M
Algorand (ALGO) Adoption Jumps 62% as Tokenized Assets Hit $294M
11
3
[TRADE_PLUGIN]ALGOUSDT,ALGOUSDT[/TRADE_PLUGIN]
Algorand ALGO News -
Algorand's adoption rate surged 62% in July, reaching its highest level since January and significantly exceeding its 32% monthly average. This growth contrasts with ALGO's price action, which has been range-bound in a triangular pattern since December 2024.
Tokenized real-world assets on Algorand now exceed $294 million, driving a 25.53% monthly increase. The divergence between network growth and price suggests underlying strength that may eventually catalyze market momentum.
Despite ALGO's stagnant trading between March and June 2025, user onboarding remained steady. The current adoption spike positions Algorand for potential ecosystem expansion, though price performance continues to lag behind fundamental growth.
By:
Previous
Canada Explores Privacy-Focused Digital Dollar with OpenCBDC Framework
Next
Senator Lummis Introduces New Crypto Tax Bill With a $300 Tax-Free Threshold
