The Algorand Foundation’s first Transparency Report of 2024 is here. In Q1 2024, Algorand transactions grew by 290%+ QoQ and TVL in Algo grew by 5% QoQ. We’ll provide highlights in the 🧵 Full report 👉https://t.co/ttgQC2HOK7

Foundation Holdings & Reconciliation At the end of the reporting period, the Foundation had a balance of 1,891M Algo. Community-allocated spending amounted to 40.018M Algo. The major way in which this spend is distributed is via Governance rewards and programs. You can see the… https://t.co/9BX1c1ZEa5