According to Odaily, data from IntotheBlock reveals that Algorand's daily active addresses have exceeded 54,000, surpassing both Dogecoin, which has 52,000, and Avalanche with 48,000. Currently, Algorand boasts over 21 million addresses, a number that continues to grow over time. This indicates a stable and active network.
In addition, the average holding time for the ALGO token is close to 11 months. This suggests that investors are holding onto their ALGO tokens for longer periods, indicating a level of confidence in the cryptocurrency. The data provides a snapshot of Algorand's growing popularity and stability in the competitive crypto market.
