Future

Cardano

Algorand

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<ul> 
 <li>An ALGO believer shares impressive stats and real-world use cases to silence critics.</li> 
 <li>ELDAR covers strong TVLt, daily users, and reduced inflation projections.</li> 
 <li>He also boasts high TPS, low fees, and real-world adoption.</li> 
</ul> 
<p>The <a href="https://algorand.com/" target="_blank" rel="noopener noreferrer nofollow">Algorand</a> ($ALGO) community has been buzzing with excitement as impressive statistics and real-world use cases continue to defy naysayers. The details came from Algorand believer <a href="https://www.linkedin.com/in/eldar-mezbur/" target="_blank" rel="noopener noreferrer nofollow">ELDAR</a>. He marks how the platform has proven its resilience and potential for growth amid claims of Algorand’s decline.</p> 
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   <p lang="en" dir="ltr">For all of the <a href="https://twitter.com/search?q=%24ALGO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ALGO</a> peeps; <br>When you hear 'algo is dead", "nobody is using algo", etc etc….<br><br>Not only does <a href="https://twitter.com/hashtag/Algorand?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Algorand</a> have the biggest RWA (real world asset) projects building on its rails (see my pinned tweet <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">), but also <a href="https://twitter.com/hashtag/DeFi?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DeFi</a> is impressive and is only getting bigger.… <a href="https://t.co/DMiQ7DMoFn" rel="noopener noreferrer nofollow">pic.twitter.com/DMiQ7DMoFn</a></p>— ELDAR (@EldarDRM) <a href="https://twitter.com/EldarDRM/status/1703471364907114516?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 17, 2023</a> 
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<p>One key aspect that stands out is the presence of substantial Real World Asset (RWA) projects building on Algorand’s blockchain infrastructure. This development was emphasized in ELDAR’s pinned tweet that caught the attention of Algorand enthusiasts. These projects are a testament to the platform’s utility and attractiveness to real-world applications.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/ALGO?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ALGO</a> peeps below is update on some statistics you should all know in anticipation of next bull-run, which IMO is likely to happen H1 next year due to MiCA as well as <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> halving.<a href="https://twitter.com/search?q=%24ALGO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ALGO</a> total supply 10BN<a href="https://twitter.com/search?q=%24ALGO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ALGO</a> circulating supply 7.8BN<a href="https://twitter.com/search?q=%24ALGO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ALGO</a> burned (2019 Buyback) 29.5M<a href="https://twitter.com/search?q=%24ALGO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ALGO</a>…</p>— ELDAR (@EldarDRM) <a href="https://twitter.com/EldarDRM/status/1681621152576286721?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 19, 2023</a> 
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<p>Furthermore, Algorand’s performance in the DeFi space has been remarkable, with the sector showing consistent growth. The platform’s daily user count consistently exceeds 30,000, surpassing some prominent Layer 1 (L1) <a href="https://cryptonewsland.com/algorand-cardano-partnerchain-debate-sparks-collaborative-discussions/" target="_blank" rel="noopener noreferrer nofollow">blockchains like Cardano</a> and Avalanche.</p> 
<p>Another striking aspect is Algorand’s Total Value Locked token (TVLt) in relation to its circulating supply. Algorand boasts a TVLt that accounts for 12% of its circulating supply, signifying strong community engagement and participation. In comparison, other notable blockchains like Solana and Cardano exhibit lower TVLt percentages.</p> 
<p>From the substantial facts, ELDAR says one of the key takeaways is the importance of conducting due diligence (DYOR) and disregarding negative noise in the crypto space. Algorand’s performance metrics indicate a robust and growing ecosystem.</p> 
<p>The post also provides an <a href="https://cryptonewsland.com/how-algorands-protocol-overhaul-sets-the-stage-for-bullish-growth/" target="_blank" rel="noopener noreferrer nofollow">update on key $ALGO statistics</a>, including total supply, circulating supply, and tokens burned through a buyback program.</p> 
<p>With the Algo Foundation frontloading $ALGO distribution, the platform is poised to enter a phase of extremely low yearly inflation, estimated at around 2.8% until 2030, when the final $ALGO will be distributed.</p> 
<p>Despite past challenges, Algorand offers numerous advantages, including high transaction throughput (10,000 TPS), rapid settlement finality (3.3 seconds), low transaction fees (0.001 $ALGO), carbon-negative operations, robust security, and state proofs for enhanced interoperability.</p> 
<p>As Algorand continues to attract real-world projects and grow its user base, the platform demonstrates its potential to become a cornerstone of the blockchain landscape, refuting doubts and highlighting its strengths.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/silvergate-capital-fires-40-of-staff-amid-weak-q4-stats/" rel="noopener noreferrer nofollow">Silvergate Capital Fires 40% of Staff Amid Weak Q4 Stats</a></li> 
 <li><a href="https://cryptonewsland.com/algo-bullish-on-projects-that-deliver-real-world-utilities/" rel="noopener noreferrer nofollow">ALGO Bullish on Projects That Deliver Real-World Utilities</a></li> 
 <li><a href="https://cryptonewsland.com/how-algorands-protocol-overhaul-sets-the-stage-for-bullish-growth/" rel="noopener noreferrer nofollow">How Algorand’s Protocol Overhaul Sets the Stage for Bullish Growth</a></li> 
 <li><a href="https://cryptonewsland.com/cz-shares-principles-helping-binance-thrive-amid-challenges/" rel="noopener noreferrer nofollow">CZ Shares Principles Helping Binance Thrive Amid Challenges</a></li> 
 <li><a href="https://cryptonewsland.com/algorand-blockchain-surpasses-1-billion-transactions/" rel="noopener noreferrer nofollow">Algorand Blockchain Surpasses 1 Billion Transactions</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/algorand-thrives-despite-doubters-a-look-at-impressive-stats-and-future-potential/">Algorand Thrives Despite Doubters: A Look at Impressive Stats and Future Potential</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Algorand Thrives Despite Doubters: A Look at Impressive Stats and Future Potential

Crypto News Land

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