Algorand (ALGO) price, market cap and supply snapshot – June 2026

Algorand’s native token ALGO is trading at $0.0886 USD, with a 24‑hour volume of about $44.7 million and a market capitalization of roughly $791 million [1]. The blockchain, launched in June 2019, runs on a pure proof‑of‑stake consensus and has a fixed supply of 10 billion tokens, of which about 8.92 billion are currently circulating [1].

Key takeaways

• ALGO price: $0.088610 USD, down 0.87% in the last 24 hours [1].
• Market cap: $790,831,039 USD; ranking #64 on CoinMarketCap [1].
• Circulating supply: 8,924,833,704 ALGO; max supply 10 billion [1].
• Pure proof‑of‑stake (PPoS) requires only 1 ALGO to participate in validation [1].
• Algorand’s mainnet handles close to 1 million transactions per day (as of Dec 2020) [1].

Technology and tokenomics

Algorand was created to address the speed and cost limitations of earlier blockchains, employing a permissionless pure proof‑of‑stake protocol that eliminates mining and keeps transaction fees low [1]. Validators are randomly selected from all token holders, and each participant can propose and vote on blocks after staking a single ALGO and setting up a participation key [1]. Rewards are distributed roughly every ten minutes, encouraging broader participation without requiring users to lock their coins [1].

The network’s supply model is immutable: 10 billion ALGO were minted at genesis, with distribution scheduled to finish in 2030, later than the original 2024 target [1]. This fixed supply underpins the market cap figure and informs long‑term scarcity expectations.

Market data and exchange access

CoinMarketCap lists ALGO’s live price, volume and market cap, updating in real time [1]. The platform also provides a converter tool for fiat pairs such as ALGO/USD, ALGO/GBP, ALGO/AUD and ALGO/EUR [1]. Algorand can be purchased on multiple centralized exchanges, including Coinbase, which highlights the ALGO/USD pair as its most active market [2][3]. Coinbase’s interface offers step‑by‑step buying instructions and notes that price data may vary across venues [2].

Why it matters

The current price and supply figures give investors and developers a clear view of Algorand’s market position and token economics. The pure proof‑of‑stake design, low staking threshold, and near‑instant reward distribution aim to foster decentralization while maintaining high throughput—attributes that support use cases from payments to enterprise blockchain solutions [1][3]. As the distribution phase approaches its 2030 completion, the fixed supply could influence future price dynamics, especially if demand grows through initiatives like the Ethereum bridge announced in 2022 [1]. Monitoring real‑time market data alongside the protocol’s technical developments will be key to understanding ALGO’s trajectory.