
Algorand
Algorand is a layer 1 blockchain using Pure Proof-of-Stake consensus and the AVM for instant-finality payments and tokenized assets.
Transaction Fees, Open-source
What is Algorand?
Algorand is a layer 1 blockchain that finalizes transactions in a few seconds without forks, secured by a Pure Proof-of-Stake protocol where every ALGO holder can participate in consensus. The chain runs the AVM and supports TEAL and PyTeal smart contracts, native Algorand Standard Assets, atomic multi-asset transfers, and state proofs for cross-chain verification.
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App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.

