10-14-2022, 05:29 PM
Algorand TVL just hit a new All-Time High. It is one of the only ecosystems who's TV
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/"> <img src="https://external-preview.redd.it/5u0sIPok9CAEiUnphB8mTKbRnPSnBfLA784TQfsZeq4.jpg?width=640&crop=smart&auto=webp&s=3b55f95ec054960072953c7b637540d3b0f0758d" alt="Algorand TVL just hit a new All-Time High. It is one of the only ecosystems who's TVL is going up during this bear market. FTX just added USDC-Algorand, FIFA Marketplace just launched, DeFi ecosystem is booming. 6000 TPS, <4s Finality, Quantum Resistant Falcon keys, State Proofs, .0003$ fees." title="Algorand TVL just hit a new All-Time High. It is one of the only ecosystems who's TVL is going up during this bear market. FTX just added USDC-Algorand, FIFA Marketplace just launched, DeFi ecosystem is booming. 6000 TPS, <4s Finality, Quantum Resistant Falcon keys, State Proofs, .0003$ fees." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p><a href="https://defillama.com/chains">https://defillama.com/chains</a></p> <p><a href="https://defillama.com/chains/Non-EVM">https://defillama.com/chains/Non-EVM</a></p> <p><a href="https://defillama.com/chain/Algorand">https://defillama.com/chain/Algorand</a></p> <p>As you can see Algorand TVL is hugely green with most other chains losing TVL.</p> <p>FTX just added USDC-Algorand, allowing easy on/off ramps for USDC to Algorand. This eliminates the need to swap USDC to ALGO on DEX's before cashing out. This is huge for big institutional players and I expect to see many companies utilize USDC on Algorand because of it's superior L1 technology to Ethereum and Solana. Algorand currently processes the same amount of daily transactions as Ethereum with the capability to do much more. With its recent upgrade to 6000 TPS, <4s finality, Quantum-Resistant Falcon Keys and State-proofs that allow for decentralized bridges. Algorand is looking like the leader in blockchain technology, take a look at this chart:</p> <p><a href="https://metrics.algorand.org/">https://metrics.algorand.org/</a></p> <p><a href="https://preview.redd.it/2tl5ux4rnnt91.jpg?width=1017&format=pjpg&auto=webp&s=013fa1c380e808d0cfd1b4fbcba57317af7a2b79">Comparison between top L1 Smart Contract platforms</a></p> <p>It seems Algorand may be entering the public consciousness. I expect Coinbase and Kraken will be following suit and adding USDC-Algorand as well. Exciting times for Algorand.</p> <p>Interesting timing as FIFA Plus Collect just launched its market place and genesis packs, these NFTs and marketplace are exclusive to the Algorand blockchain and they also allow you to buy packs with USDC-Algorand only.</p> <p><a href="https://collect.fifa.com/">https://collect.fifa.com/</a></p> <p>Another reason to be bullish about Algorand is its tokenomics, of which many falsely label as bad, when in reality it has some of the best. As you can see in this chart its true total supply is right behind Bitcoin.</p> <p><a href="https://preview.redd.it/14dq1n7vnnt91.jpg?width=1078&format=pjpg&auto=webp&s=78cddd18ed712f972e4e7b499dc15744d1bb0c12">Comparison between true total crypto supplies.</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/gigabyteIO"> /u/gigabyteIO </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/"> <img src="https://external-preview.redd.it/5u0sIPok9CAEiUnphB8mTKbRnPSnBfLA784TQfsZeq4.jpg?width=640&crop=smart&auto=webp&s=3b55f95ec054960072953c7b637540d3b0f0758d" alt="Algorand TVL just hit a new All-Time High. It is one of the only ecosystems who's TVL is going up during this bear market. FTX just added USDC-Algorand, FIFA Marketplace just launched, DeFi ecosystem is booming. 6000 TPS, <4s Finality, Quantum Resistant Falcon keys, State Proofs, .0003$ fees." title="Algorand TVL just hit a new All-Time High. It is one of the only ecosystems who's TVL is going up during this bear market. FTX just added USDC-Algorand, FIFA Marketplace just launched, DeFi ecosystem is booming. 6000 TPS, <4s Finality, Quantum Resistant Falcon keys, State Proofs, .0003$ fees." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p><a href="https://defillama.com/chains">https://defillama.com/chains</a></p> <p><a href="https://defillama.com/chains/Non-EVM">https://defillama.com/chains/Non-EVM</a></p> <p><a href="https://defillama.com/chain/Algorand">https://defillama.com/chain/Algorand</a></p> <p>As you can see Algorand TVL is hugely green with most other chains losing TVL.</p> <p>FTX just added USDC-Algorand, allowing easy on/off ramps for USDC to Algorand. This eliminates the need to swap USDC to ALGO on DEX's before cashing out. This is huge for big institutional players and I expect to see many companies utilize USDC on Algorand because of it's superior L1 technology to Ethereum and Solana. Algorand currently processes the same amount of daily transactions as Ethereum with the capability to do much more. With its recent upgrade to 6000 TPS, <4s finality, Quantum-Resistant Falcon Keys and State-proofs that allow for decentralized bridges. Algorand is looking like the leader in blockchain technology, take a look at this chart:</p> <p><a href="https://metrics.algorand.org/">https://metrics.algorand.org/</a></p> <p><a href="https://preview.redd.it/2tl5ux4rnnt91.jpg?width=1017&format=pjpg&auto=webp&s=013fa1c380e808d0cfd1b4fbcba57317af7a2b79">Comparison between top L1 Smart Contract platforms</a></p> <p>It seems Algorand may be entering the public consciousness. I expect Coinbase and Kraken will be following suit and adding USDC-Algorand as well. Exciting times for Algorand.</p> <p>Interesting timing as FIFA Plus Collect just launched its market place and genesis packs, these NFTs and marketplace are exclusive to the Algorand blockchain and they also allow you to buy packs with USDC-Algorand only.</p> <p><a href="https://collect.fifa.com/">https://collect.fifa.com/</a></p> <p>Another reason to be bullish about Algorand is its tokenomics, of which many falsely label as bad, when in reality it has some of the best. As you can see in this chart its true total supply is right behind Bitcoin.</p> <p><a href="https://preview.redd.it/14dq1n7vnnt91.jpg?width=1078&format=pjpg&auto=webp&s=78cddd18ed712f972e4e7b499dc15744d1bb0c12">Comparison between true total crypto supplies.</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/gigabyteIO"> /u/gigabyteIO </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/y3d9qg/algorand_tvl_just_hit_a_new_alltime_high_it_is/">[comments]</a></span> </td></tr></table>