Algorand (ALGO)
Algorand ranks #28 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #81: 53 of the 80 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 69 non-native assets CoinSpectrum lists above it by market cap, about 55% are claims on other assets, 39% are tokens and 6% are memecoins.
| CoinSpectrum Grade | A · 72/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #28 |
| Rank counting claims | #81 |
| Market capitalisation | $805M |
| Price | $0.0886 |
| Circulating supply | 9,078,903,655 ALGO |
| Maximum supply | 10,000,000,000 ALGO |
| Consensus family | Proof of Stake |
| Consensus mechanism | Pure PoS (PPoS, VRF) |
| Active addresses a day | 38,590 October 2026 median, Coin Metrics |
| Network purpose | Smart-contract platform |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
| Regulatory class | Contested |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 72 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 70 to 74 (A to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 9.1 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 7.6 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 7.3 | fixed maximum supply of 10 billion |
| Distribution | 5.9 | average of 4 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | 7 | 38,590 addresses active a day, the median of October 2026's 31 days (Coin Metrics community data) source |
| Premine (allocated at launch) | 0 | 100% of today's supply allocated at launch to founders, a company, a foundation or investors. The Algorand Foundation states the full fixed 10B ALGO supply was minted at genesis (June 2019); nothing is mined, so all of today's supply (~9.07B counted circulating by CoinGecko) comes from that genesis allocation. source |
| Fundraising (share sold) (Source) | 6.7 | Sold by its issuer or insiders: 33% of supply sold. 2.5B ALGO went to 80+ Early Backers in return for their 2018 funding (plus 625M later added as compensation for deferred vesting, not counted); the June 2019 auction sold 25M, of which 19.9M were bought back and burned; Foundation structured and OTC sales (e.g. 69.4M Feb-Sep 2020, 174M Q1 2025, 78M Q3 2025, 24M Q1 2026) sum to roughly 0.6B-1.0B over 2019-2026. Range ~3.1B-3.5B / 10B total supply = 31%-35%; midpoint 33.0%. June 2019 CoinList Dutch auction of 25M ALGO at $2.40 (~$60M); the Foundation also distributed ALGO via Early Backer / relay-node-runner vesting and 'structured sales'; Algorand Inc. was venture-funded. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. ALGO has no protocol issuance: the full 10B supply was minted at genesis (June 2019). Participation and block-proposer rewards, including the payouts since January 2025, are paid out of Foundation-funded genesis allocations and the fee sink, not new coins, so there is no reward cut. source |
| Decentralisation | 5.7 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: Algorand Standard Assets can carry issuer freeze and clawback keys, but native ALGO has none, and no party can halt the chain at will. source |
| No central team (Source) | 0 | A central team directs it: go-algorand (AGPL-3.0) is developed by Algorand Technologies (Algorand Inc.) with the Algorand Foundation, which together set the protocol roadmap. source |
| Who can mint (Source) | 7 | Gated by stake: any holder with enough stake can validate: access bought with coins |
| Nodes (Source) | – | Not yet counted |
| Security | 8.5 | 6.8 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 4.3%, largest three 11.1% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 10 | about 1,125,000 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | not mined: another consensus, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 7 | one client, latest version Oct 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 8.3 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.0001 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 10 | about 7,500 simple transactions a second |
| Block time (10 minutes 10, less either side) | 1.6 | a block every 2.8 seconds |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 10 | 5.24 MB limit, 1120 MB per 10 minutes |
| Features (3 checks) | 10 | 3 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | Pure PoS with VRF committees gives deterministic finality in about 3 seconds, with no forks. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Non-archival nodes keep about the last 1000 blocks; archival mode is optional. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | State Proofs (go-algorand 3.x, 2022) let light clients verify Algorand state without running consensus. |
| Privacy | 2.3 | 2.3 of 10: whitepaper privacy 2.3 of 7, extra features 0 of 3 source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Any keypair becomes an account once funded with the minimum balance; go-algorand carries no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 0 | An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | 0 | Ed25519 keys under SLIP-0010 allow hardened derivation only: each new address needs the private seed, and no public key derives them |
| Hidden amounts (Amounts confidential) | 0 | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | go-algorand gossips transactions directly. |
| Programmability | 8.9 | 8 of 9 points source |
| Token issuance (At protocol level) | 2 | Algorand Standard Assets, native to the protocol and open to any account for a minimum-balance deposit. |
| Smart contracts (General-purpose) | 2 | AVM smart contracts (and logic signatures) deployable by any account, running DEXs and lending on mainnet. |
| Multisig and time locks (Without a third party) | ✓ | Native multisignature accounts with configurable thresholds, plus round-based validity limits in logic signatures and contracts. |
| Atomic swaps (With other chains) | ✓ | Logic signatures and contracts can check a hash preimage and a round deadline; the docs list atomic swaps among logic-signature uses. |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: its own chain's DEXes (Algorand, DefiLlama). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol messaging to other chains. |
| NFTs (Carried by the chain's rules) | ✓ | Algorand Standard Assets, native to the protocol, can represent single unique assets. |
| Demand | 7.5 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 41 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 6 | $8,938,765 traded in 24 hours; #142 by volume on the exchanges the site reads (scored on the median day of the last 30, $9,497,957) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 6.2 | 0.97% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 8.6 | $3,159,502 within 2% of the price on 9 exchanges, 0.39% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 7.3 | $805M, 7.3 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 8.2 | futures, options and margin positions 3.4% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 6 | 6 wallets in the site's wallet directory |
| Record | 8.3 | average of 3 criteria |
| Age (years since genesis) (Source) | 7 | 7 full years since 2019-06-21, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 8 | 3 positive, 0 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 867 commits in 12 of the last 12 months (github.com/algorand/go-algorand); go-algorand 5.0.4 released 2026-10-20. |
| Shipped a security fix in two years, +1 | ✓ | go-algorand 4.3.0 (consensus v41), 2025: release notes list security/reliability enhancements. |
| Shipped a new capability for users in two years, +1 | ✓ | Algorand v5.0.0, Aug 2026: native Falcon-1024 post-quantum accounts. |
| Not yet researched | ||
| Shipped a scaling upgrade in two years | – | |
| Conduct (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
Polkadot DOTA
KuCoin KCSB
Injective INJA
Cosmos Hub ATOMAAll Proof of Stake chains →Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Monero XMRA+
Bitcoin Cash BCHA++
Litecoin LTCA+
Ethereum Classic ETCAAll Proof of Work chains →Supply
9,078,903,655 of a maximum 10,000,000,000 ALGO are in circulation — 90.8% of the total that will ever exist.
Launch and allocation
| Premine (allocated at launch) | 100% of today's supply |
|---|---|
| Sold by the issuer or insiders | 33% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Public sale |
The Algorand Foundation states the full fixed 10B ALGO supply was minted at genesis (June 2019); nothing is mined, so all of today's supply (~9.07B counted circulating by CoinGecko) comes from that genesis allocation.
June 2019 CoinList Dutch auction of 25M ALGO at $2.40 (~$60M); the Foundation also distributed ALGO via Early Backer / relay-node-runner vesting and 'structured sales'; Algorand Inc. was venture-funded.
2.5B ALGO went to 80+ Early Backers in return for their 2018 funding (plus 625M later added as compensation for deferred vesting, not counted); the June 2019 auction sold 25M, of which 19.9M were bought back and burned; Foundation structured and OTC sales (e.g. 69.4M Feb-Sep 2020, 174M Q1 2025, 78M Q3 2025, 24M Q1 2026) sum to roughly 0.6B-1.0B over 2019-2026. Range ~3.1B-3.5B / 10B total supply = 31%-35%; midpoint 33.0%.
ALGO has no protocol issuance: the full 10B supply was minted at genesis (June 2019). Participation and block-proposer rewards, including the payouts since January 2025, are paid out of Foundation-funded genesis allocations and the fee sink, not new coins, so there is no reward cut.
Sources: algorand.foundation · algorand.co · algorand.foundation · developer.algorand.org · github.com · algorand.co. Researched 2026-10-24, low confidence.
What a regulator has said
Alleged an unregistered security by the SEC (2023 complaint); not named a commodity in 2026 and not adjudicated — status unsettled.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
How CoinSpectrum ranks Algorand
Algorand is #28 among cryptocurrencies and #81 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 53 places between Algorand's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).