The Q3 Algorand @MessariCrypto report just dropped.

Key Insights:

📈New addresses on Algorand grew by 63% QoQ, from 0.8 million to 1.3 million, driven by the Coinbase Learning Rewards program.

📈Algorand’s DeFi TVL increased by 12% QoQ, rising from $173 million to $194 million, primarily due to activity on leading protocols.

📈The stablecoin market cap on Algorand grew by 34% QoQ, driven by a 66% increase in USDC, which now holds 97% of Algorand’s stablecoin market.

Read the full report here👇🏼