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.
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.
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
| Protocol Revenue | 2 | 166th of 251 | |
| Revenue Trend | 2 | 191st of 251 | |
| P/S Multiple | 3 | 182nd of 251 | |
| Real Staking Yield | 5 | 37th of 251 |
Supply
| Supply Inflation | 4 | 146th of 251 | |
| Vesting Schedule | 4 | 181st of 251 | |
| Circulating / FDV Ratio | 6 | 88th of 251 | |
| Buyback and Burn | 2 | 114th of 251 |
Ownership
| Smart Money Flows | 3 | 149th of 251 | |
| Insider Selling | 4 | 151st of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 3 | 149th of 251 | |
| Developer Activity | 5 | 83rd of 251 | |
| Network Growth | 3 | 156th of 251 |
Position
| Market Share | 2 | 203rd of 251 | |
| Competitive Moat | 4 | 114th of 251 | |
| Institutional Adoption | 5 | 36th of 251 | |
| Exchange Depth | 6 | 37th of 251 | |
| Social Mindshare | 3 | 157th of 251 |
Risk
| Regulatory Safety | 8 | 6th of 251 | |
| Catalyst Calendar | 4 | 90th of 251 | |
| BTC Alpha Potential | 3 | 114th of 251 | |
| Team Execution | 4 | 147th of 251 | |
| Treasury Runway | 5 | 74th 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.
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
Market and supply
| Price | $0.0879 |
| Market cap | $793.0Mrank 78 |
| All-time high | $3.5620 Jun 2019 |
| Circulating supply | 9,019,529,680 |
| Eventual supply (max supply) | 10,000,000,000 |
| Dilution to full supply | 1.11x |
| Total value locked | $180.0M |
| Listed on | Binance, 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.
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.
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.
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.