$ALGO Q2 2024: Staying Strong?! 👀 Despite a dip in overall DeFi TVL, Algorand's Q2 report by Messari showcases continued growth and strong fundamentals. 💪💥

Here are the key takeaways:💻👇

1) Transaction Surge: Transactions skyrocketed by 104% on average daily, demonstrating sustained network activity even after the Q1 ORA memecoin project boost. 📈

2) Messina Shines: Messina, a leading #ALGO DeFi platform, experienced a whopping 440% growth in TVL compared to Q1.🚀

3) Strategic Alliances: Partnerships with Nansen and Coinbase (USDC support) expand the Algorand ecosystem.👩‍👩‍👦‍👦

4) Community Focus: The xGov program awarded 2.35 million ALGOs (around $190,000) across 23 grants, fostering innovation within the community. 🎁

5) Global Hacking Frenzy: Over 2,000 individuals participated in the "Change the Game" hackathon, highlighting strong developer interest. 🛠️

Overall, #Algorand 's Q2 report paints a picture of a growing blockchain network with a vibrant community and a focus on both infrastructure and user adoption. 🌞😎 DYOR! #Altcoins

Check out Messaris' research report from more info!! 👍