Yesterday Algorand processed over 2.3 Million transactions easily without a hiccup and it has the current bandwidth to do 240x more. In the last 7 days Algorand has addeded over 800k+ new addresses, now sitting at over 28 Million addresses. Algorand TVL a

Yesterday Algorand processed 2.3 Million transactions causing a massive spike in TPS. With that said, Algorand still has the bandwidth to do 240x more(eventually 1800x).

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Algorand processed 2.3M Transactions yesterday

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Algorand sitting at around 24 TPS

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Over the last 7 days, Algorand has added over 800k+ new addresses.

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Over 800k new addresses in 7 days

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There are almost 100k Algorand addresses with 1k+ ALGO. Look at that nice linear growth line. This is great for decentralization and means Algorand is becoming more decentralized over time. Pure Proof of Stake is amazing because ANYONE can run a participation node and participate in consensus with only ONE ALGO.

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Almost 100k addresses with 1k+ ALGO

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Algorand AGAIN broke it's record for Total Value Locked, breaking $300 Million. This is almost 4.3x that of Cardano TVL and yet Algorand is sitting at #30 market cap while Cardano is sitting at #8. Algorand seems to be MASSIVELY undervalued(NFA).

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Record TVL

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We're seeing more and more real world use case and usage on the Algorand blockchain. FIFA just launched its marketplace on Algorand called FIFA Plus Collect and with the World Cup coming up in November, it could easily become the biggest NFT marketplace in the world. Time will tell.

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FIFA Plus Collect Marketplace on Algorand

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You can only buy FIFA Collect packs with either USD(US Dollar) or USDC on Algorand. Interestingly both FTX and Binance both added support for USDCa in the last week, this comes right before the world cup.

Overall, Algorand metrics are looking phenomenal and 2022 has seen HUGE growth through out the ecosystem and protocol. In September, Algorand saw a 5x performance boost to 6,000 TPS and a ~10% decrease in round times to <4s. With the release of Algorand State Proofs that allow for a new interoperability standard that can securely connect all Proof of Stake chains, Algorand is proving to be a leader with their cutting-edge technology.