Algorand Network Growth Surges Despite Stable ALGO Price

Estimated reading time: 4 minutes

Algorand has seen significant increases in network activity, even as the market price of its ALGO token shows only limited movement. Recent figures indicate that while adoption and technical engagement are rising, these gains have not been matched by equivalent growth in the token’s value—a scenario that parallels trends seen in other established blockchain networks.

On June 8, 2025, Algorand reported a 72% weekly jump in active users. This growth pushed the number of active wallets above 1.2 million, positioning Algorand as one of the fastest-growing blockchains by user activity[1]. The uptick follows a period of sustained user engagement over earlier months.

In April 2025, online staking on the Algorand platform rose by nearly 20% compared to March, contributing to increased network security and resilience[2]. This advance in staking activity occurred soon after the conclusion of Algorand’s governance rewards program. Users responded by turning to other staking alternatives, showing continued engagement with the protocol and its network offerings[2].

Real-world asset (RWA) tokenization has become a significant factor in driving network activity. The Total Value Locked (TVL) in RWA projects on Algorand increased by 28% from March to April 2025. This growth was primarily attributed to platforms such as Lofty[2]. The rise in RWA-related activity reflects an expanding application of blockchain for asset management, extending the network’s focus beyond speculative trades.

On-chain data also shows that the total number of Algorand wallet addresses reached about 23.57 million as of May 30, 2025. Although the count declined slightly to 23.48 million by June 1, the general trend points to ongoing user participation[3].

Despite these gains in adoption and network use, the price of ALGO remains subdued. The token is currently trading around $0.19 and ranks 64th among global cryptocurrencies[4]. Over the past seven days, ALGO saw a 9.21% increase, with a 2.79% gain in the last month[4], but these price shifts remain modest compared to network growth.

Analyst projections earlier in the year anticipated stronger price performance. In February 2025, forecasts suggested ALGO might reach $2.00 or more by the end of the year if adoption trends and partnerships held steady[5]. These outlooks were supported by expectations of increased institutional investment and a more robust regulatory environment during 2025[5]. However, current market sentiment appears cautious, with ALGO’s price not reflecting recent network developments.

Looking ahead, market observers are monitoring whether ALGO’s market value will eventually align with its increasing network activity. The ongoing divergence between technical progress and price movement is drawing greater attention and may influence future investment decisions.