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Layer 1

Algorand

A chain with true instant finality and no forks by design.

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By the Orca Crypto teamUpdated 2026-09-28How we check this5 min readReference
The short answer

A chain with true instant finality and no forks by design. Algorand blocks are final the moment they appear. There is no reorganization risk, which matters for settlement and regulated assets.

Live market data

LiveCoinGecko
Price
$0.1374
+17.94% 24h
Market cap
$1.24B
24h volume
$260.84M
Rank
#73
All time high
$3.56

Prices as of September 29, 2026, replaced by live figures as the page loads. Prices move constantly and are for orientation only.

What Algorand is for

Algorand blocks are final the moment they appear. There is no reorganization risk, which matters for settlement and regulated assets.

Technical summary

PropertyValue
LayerLayer 1
Launched2019
ConsensusPure proof of stake
ThroughputAround 10000
FinalityUnder 3 seconds, instant
Native tokenALGO pays fees and participates in consensus

Block explorers

An explorer lets you verify any transaction, address or contract on this network yourself. Learning to read one is the fastest way to stop taking anyone's word for anything.

AlloExplorerPera Explorer

How to read a block explorer

Wallets that support it

MetaMaskRabbyCoinbase WalletLedger

What to be aware of

  • Validator concentration varies widely between layer 1s and is worth checking rather than assuming.
  • Newer chains have shorter track records under real adversarial pressure.
  • Crypto assets are volatile. Drawdowns of seventy percent or more have happened on every network in this list, including the largest.
  • Sending to an address on the wrong network can lose funds permanently. Always send a small test amount first.

Nothing on this page is investment advice. We describe how networks work, not whether you should buy anything.

Other networks at this layer

Same job, different tradeoffs. Each of these has its own page covering what it is actually for, who runs it and where it struggles.

MoneroCelestiaInjectiveBitcoinEthereumSolanaAll of them

Common questions

What is pure proof of stake?
Every holder is eligible to participate in consensus in proportion to their stake, with participants selected randomly and secretly for each block. There is no delegation to validators and no slashing.
Can an Algorand transaction be reversed?
No. Blocks are final as soon as they are produced, with no chance of a reorganization. That is the main practical difference from chains where you wait for confirmations.

Where to go next

Compare all networksHow the layers fit together.Block explorer directoryEvery chain, every explorer.Wallets by chainThe right wallet for this network.Mining and stakingHow blocks actually get made and who gets paid.

New to Algorand?

We can get you set up with the right wallet, funded, and through a first transaction on this network in about an hour, on a screen share.

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