PASS

Algorand (ALGO)

Pure PoS L1 with 4-second finality and strong academic roots; TVL thin at $180M and network activity stagnant despite tech quality.

Ranked 155th of 251 rated tokens. Scoring pass 11 Jun 2026.

Score
97/250
155th of 251
Percentile
38.6%
of the rated universe
Circulating
90.2%
9.8% of value still to vest
Off all-time high
-97.5%
40x to recover
AlgorandNative L1+12 since last pass
01

What the numbers say

ALGO scores 97 of 250 across the 25-variable framework, which places it 155th of 251 rated tokens and inside the lower half of the set. The framework verdict is PASS.

ALGO is a top-10 name in the set on one variable. The score rests on Regulatory Safety 8/10, 6th of 251, Institutional Adoption 5/10, 36th of 251, Exchange Depth 6/10, 37th of 251 and Real Staking Yield 5/10, 37th of 251.

Against the same universe, ALGO sits in the bottom third on Market Share 2/10, 203rd of 251, Revenue Trend 2/10, 191st of 251, P/S Multiple 3/10, 182nd of 251 and Vesting Schedule 4/10, 181st of 251. These are the variables that would have to move for the verdict to change.

90.2% of eventual supply is already circulating, so vesting is not a live risk for ALGO. Price has to be justified by demand rather than absorbed against a cliff.

ALGO trades 97.5% below its all-time high of $3.56. Recovering that level is a 40x move, not a 97.5% one, which is the arithmetic most drawdown charts hide.

The framework score gained 12 points against the previous pass (85 to 97). Revisions of this size follow a change in the underlying variables, not a change in price.

$180.0M sits in the protocol. Each dollar of value locked carries 4.41 dollars of token market cap.

02

25-variable breakdown

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Cash flow

Cash flow variables for ALGO, scored 1 to 10 and ranked against 251 tokens
Protocol Revenue
2166th of 251
Revenue Trend
2191st of 251
P/S Multiple
3182nd of 251
Real Staking Yield
537th of 251

Supply

Supply variables for ALGO, scored 1 to 10 and ranked against 251 tokens
Supply Inflation
4146th of 251
Vesting Schedule
4181st of 251
Circulating / FDV Ratio
688th of 251
Buyback and Burn
2114th of 251

Ownership

Ownership variables for ALGO, scored 1 to 10 and ranked against 251 tokens
Smart Money Flows
3149th of 251
Insider Selling
4151st of 251
Holder Concentration
458th of 251

Traction

Traction variables for ALGO, scored 1 to 10 and ranked against 251 tokens
TVL Trend
3111th of 251
Active Users
3149th of 251
Developer Activity
583rd of 251
Network Growth
3156th of 251

Position

Position variables for ALGO, scored 1 to 10 and ranked against 251 tokens
Market Share
2203rd of 251
Competitive Moat
4114th of 251
Institutional Adoption
536th of 251
Exchange Depth
637th of 251
Social Mindshare
3157th of 251

Risk

Risk variables for ALGO, scored 1 to 10 and ranked against 251 tokens
Regulatory Safety
86th of 251
Catalyst Calendar
490th of 251
BTC Alpha Potential
3114th of 251
Team Execution
4147th of 251
Treasury Runway
574th of 251

The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.

03

Catalyst and risk

Catalyst on the scorecard

ALGO as CBDC/institutional settlement layer with government partnerships. The FIFA deal ended in May 2025 and FIFA Collect moved to its own Avalanche chain, so it is no longer a forward catalyst.

The May 2025 item has already passed. This was written as forward-looking at the 11 Jun 2026 scoring pass, so read those parts as history. Anything else listed may still be ahead.

Principal risk

network traction has failed to materialise vs competitors; 97% below ATH; significant foundation releases ongoing; DeFi TVL minimal

04

Market and supply

Price$0.0879
Market cap$793.0Mrank 78
All-time high$3.5620 Jun 2019
Circulating supply9,019,529,680
Eventual supply (max supply)10,000,000,000
Dilution to full supply1.11x
Total value locked$180.0M
Listed onBinance, Coinbase, Kraken, OKX

Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.

05

Tokens with a similar profile

These are the closest matches to ALGO measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

06

Sources

  • [Algorand Whitepaper] Algorand achieves ~4 second finality with pure proof-of-stake consensus designed by Silvio Micalilink dead, claim unverified
  • [DeFiLlama] Algorand TVL ~$180M with Folks Finance and Pact DEX as largest protocols
  • [CoinGecko] ALGO ATH $3.56 reached June 2019; 97% below peak despite multiple market cycles
  • [The Block] FIFA ended its Algorand partnership and selected Avalanche in May 2025, migrating FIFA Collect to its own EVM-compatible chain.

One source link above no longer resolves, so we stripped the hyperlink rather than leave something that looks like evidence until you click it. The claims stay visible because they are part of the research record, but treat them as unverified. Every link was rechecked 6 Aug 2026.

07

Common questions

What is the Early Thunder score for Algorand (ALGO)?
ALGO scores 97 out of 250 on the 25-variable framework, ranking 155th of 251 rated tokens (lower half). The framework verdict is PASS.
What are ALGO's strongest fundamentals?
ALGO ranks highest on Regulatory Safety 8/10, 6th of 251, Institutional Adoption 5/10, 36th of 251, Exchange Depth 6/10, 37th of 251 and Real Staking Yield 5/10, 37th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
What are the weakest parts of the ALGO thesis?
ALGO scores in the bottom third of the universe on Market Share 2/10, 203rd of 251, Revenue Trend 2/10, 191st of 251, P/S Multiple 3/10, 182nd of 251 and Vesting Schedule 4/10, 181st of 251. The single risk carried on the scorecard is: network traction has failed to materialise vs competitors; 97% below ATH; significant foundation releases ongoing; DeFi TVL minimal
How much ALGO supply is still to enter circulation?
90.2% of eventual ALGO supply is circulating today, leaving 1.11x the current float still to arrive. At a flat price per token that is 9.8% of fully diluted value ahead of current holders.
How far is ALGO from its all-time high?
ALGO trades 97.5% below its all-time high of $3.56. Returning to that high requires a 40x move from the level used in this scoring pass.
Which tokens have a similar profile to ALGO?
Measured on the shape of all 25 scored variables rather than on price, the closest matches to ALGO are CELO (94), ROSE (84), CFX (98) and FLOW (78). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
What catalyst was ALGO scored against?
ALGO as CBDC/institutional settlement layer with government partnerships. The FIFA deal ended in May 2025 and FIFA Collect moved to its own Avalanche chain, so it is no longer a forward catalyst. This was written as forward-looking when the scoring pass ran. The May 2025 item has since passed, so read that part as history. Anything else listed may still be ahead.

Keep reading

Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.