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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👇🏼
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GM. Who wants one?
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As featured in @YourStoryCo, @EntrepreneurIND and more: We're thrilled to announce investments in five pioneering Web3 startups from the @Algo_Bharat x @THubHyd Startup Lab, each leveraging Algorand’s technology to tackle significant industry challenges: • LW3: Developing traceability solutions for global trade, addressing counterfeit goods and sustainability. Their "digital passports" on Algorand track EV batteries, among other uses. • FilmFinance: Transforming film funding with democratized, transparent investment via fractional blockchain-based assets. • FDP Connect: Digitizing global shipping documents, starting with the bill of lading, to streamline trade and boost efficiency. • Astrix: Reinventing fan engagement through secure blockchain ticketing and collectibles, enhancing event experiences with exclusive perks. • ARVO: Empowering manufacturers with blockchain-backed traceability to improve quality control and combat counterfeiting. Algorand continues to make waves in the world's most populous country with these start-ups 🌏
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Many people ask, https://canablockchaindothat.com/? For start-ups, enterprises, and developers alike, one blockchain can do it all. Algorand Can.
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We’ve partnered with @nansen_ai to launch a public ecosystem growth dashboard 🖥️. Access real-time insights while tracking essential metrics and on-chain activities across Algorand. Check it out here 👇 https://app.nansen.ai/macro/blockchains?chain=algorand&tab=overview
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