Mapping out Algorand’s ecosystem

Mar 23, 2021 | The Block News | 0 comments

mapping-out-algorand’s-ecosystem

Quick Take

  • Algorand is a public blockchain network that intends to provide a highly scalable platform for decentralized applications and financial solutions
  • The Banking & Payments category is one of the largest verticals that currently makes up Algorand’s ecosystem, including popular stablecoins like USDC and CBDC initiatives such as the Marshal lslands’ plans to launch its national digital currency on Algorand
  • In total, The Block has identified 97 projects and companies across 17 different verticals currently expanding on its ecosystem

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