Algorand ranks #28 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #78: 50 of the 77 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 67 non-native assets CoinSpectrum lists above it by market cap, about 57% are claims on other assets, 37% are tokens and 6% are memecoins.
| CoinSpectrum Grade | B · 66/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #28 |
| Rank counting claims | #78 |
| Market capitalisation | $925M |
| Price | $0.1020 |
| Circulating supply | 9,074,052,511 ALGO |
| Maximum supply | 10,000,000,000 ALGO |
| Consensus family | Proof of Stake |
| Consensus mechanism | Pure PoS (PPoS, VRF) |
| Network purpose | Smart-contract platform |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
| Regulatory class | Contested |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
B — 66 out of 100, provisional (from 18 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 59 to 70 (C to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 5.6 | group average, 11 of 13 measured |
| Sound Money Qualities (6 checks) | 9.7 | 5.8 of 6 points source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 8.2 | fixed maximum supply of 10 billion: supply scale 6.4, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | ✓ | 7 full years since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✓ | no authority can freeze, blacklist or set apart a coin |
| Divisibility: the smallest unit worth a cent or less | ✓ | 6 decimal places, the smallest unit worth $1.0e-7 |
| Portability: fees of a cent or less and capacity for real demand | ✓ | typical fee $0.0001; about 7,500 transactions a second (10 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | ✓ | node software open source; light clients verify from headers or proofs |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Any keypair becomes an account once funded with the minimum balance; go-algorand carries no identity check. |
| UTXO ledger: a new key for each payment, no account linking every coin | ✗ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | go-algorand gossips transactions directly. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding. |
| Scalability (fees, throughput, block time, block space, features) | 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; 119, 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 (32 MB or more 10) | 10 | 5.24 MB limit, 1120 MB per 10 minutes |
| Features (3 checks) | 10 | 3 of 3 passed |
| Payments safe to accept within seconds | ✓ | Pure PoS with VRF committees gives deterministic finality in about 3 seconds, with no forks. |
| Pruned nodes: a full node can validate and drop old history | ✓ | Non-archival nodes keep about the last 1000 blocks; archival mode is optional. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | State Proofs (go-algorand 3.x, 2022) let light clients verify Algorand state without running consensus. |
| Security (miner pay and 7 checks) | 5 | 5 of 9 points source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 0 | not mined |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | ✓ | 4.3% |
| Largest three under 75% | ✓ | 11.1% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | go-algorand (AGPL-3.0) is developed by Algorand Technologies (Algorand Inc.) with the Algorand Foundation, which together set the protocol roadmap. |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 1,125,000 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 7.8 | 7 of 9 points source |
| Token issuance at protocol level, validated by its own nodes | 2 | Algorand Standard Assets, native to the protocol and open to any account for a minimum-balance deposit. |
| Smart contracts: a general-purpose contract system | 2 | AVM smart contracts (and logic signatures) deployable by any account, running DEXs and lending on mainnet. |
| Multisig and time locks | ✓ | 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. |
| An exchange built into the protocol | ✗ | No exchange in the protocol; Tinyman and others are contracts. |
| Cross-chain messaging the chain verifies itself | ✗ | No protocol messaging to other chains. |
| Non-fungible tokens | ✓ | Algorand Standard Assets, native to the protocol, can represent single unique assets. |
| Decentralisation | 4.8 | section average, 6 of 8 measured |
| Censorship resistant (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) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| 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 | 0 | Sold by its issuer or insiders: 100% of supply was theirs to sell, 33% sold so far. 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 |
| Supply & Demand | 7.1 | group average |
| Supply & Demand (Source) | 7.8 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 41 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 6.2 | $9,021,662 traded in 24 hours; #125 by volume on the exchanges the site reads (scored on the median day of the last 30, $12,160,533) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 6.6 | 1.1% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 8.7 | $3,878,906 within 2% of the price on 9 exchanges, 0.42% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 7.4 | $925M, 7.4 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 7.8 | futures, options and margin positions 4.7% of its market cap |
| Supply (smaller is better) | 6.4 | fixed maximum supply of 10 billion |
| Record | 8.3 | group average |
| Record (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 | ✓ | |
| 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, improvements, unfixed issues) | 8 | 3 positive, 0 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 818 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 | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). Provisional: criteria 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.
9,074,052,511 of a maximum 10,000,000,000 ALGO are in circulation — 90.7% of the total that will ever exist.
| 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.
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.
Algorand is #28 among cryptocurrencies and #78 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 50 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).