The post Algorand (ALGO) Ecosystem Sees User Growth Amid DeFi Decline in October 2025 appeared on BitcoinEthereumNews.com. Caroline Bishop Nov 14, 2025 16:45 Algorand (ALGO)’s October 2025 report highlights growth in user engagement and developer activity despite a decline in DeFi metrics, reflecting broader market trends. Algorand (ALGO)’s October 2025 ecosystem insights reveal a month of mixed outcomes, characterized by increased user engagement and developer activity, alongside a notable decline in decentralized finance (DeFi) metrics, according to the Algorand Foundation. Despite broader market challenges, the blockchain network demonstrated resilience and growth. Key Metrics and Growth In October, Algorand saw a 20.3% rise in monthly active addresses, reaching 909,000. This uptick was largely driven by new ecosystem initiatives, such as Algoland and participating decentralized applications (dApps). The number of new assets created on the Algorand network surged by 54.3%, while smart contracts deployed increased by 8.3%, indicating robust developer engagement. The overall network expansion was marked by a 1.5% increase in wallets, totaling 47.8 million, and a near 2% rise in transactions, surpassing 3.3 billion. Node count remained stable with a slight increase of 0.7%, reinforcing Algorand’s decentralization and network health. DeFi and Social Metrics Despite these positive developments, Algorand’s total value locked (TVL) in DeFi dropped by 16.3% to approximately $140 million, reflecting broader market trends. Social media engagement showed consistent growth, with followers on platforms such as X, YouTube, and Instagram increasing modestly. Tokenomics and Staking By the end of October, the circulating supply of Algorand’s native token, ALGO, reached 8.79 billion, representing 87.9% of the total maximum supply. This marks a 0.11% increase from the previous month. During the first ten months of 2025, validators received a total of 56.20 million ALGO in staking rewards, highlighting the network’s ongoing reward distribution and fee-driven activity. Foundation’s Activities and Governance Algorand Foundation’s CEO, Staci Warden, participated in key industry… The post Algorand (ALGO) Ecosystem Sees User Growth Amid DeFi Decline in October 2025 appeared on BitcoinEthereumNews.com. Caroline Bishop Nov 14, 2025 16:45 Algorand (ALGO)’s October 2025 report highlights growth in user engagement and developer activity despite a decline in DeFi metrics, reflecting broader market trends. Algorand (ALGO)’s October 2025 ecosystem insights reveal a month of mixed outcomes, characterized by increased user engagement and developer activity, alongside a notable decline in decentralized finance (DeFi) metrics, according to the Algorand Foundation. Despite broader market challenges, the blockchain network demonstrated resilience and growth. Key Metrics and Growth In October, Algorand saw a 20.3% rise in monthly active addresses, reaching 909,000. This uptick was largely driven by new ecosystem initiatives, such as Algoland and participating decentralized applications (dApps). The number of new assets created on the Algorand network surged by 54.3%, while smart contracts deployed increased by 8.3%, indicating robust developer engagement. The overall network expansion was marked by a 1.5% increase in wallets, totaling 47.8 million, and a near 2% rise in transactions, surpassing 3.3 billion. Node count remained stable with a slight increase of 0.7%, reinforcing Algorand’s decentralization and network health. DeFi and Social Metrics Despite these positive developments, Algorand’s total value locked (TVL) in DeFi dropped by 16.3% to approximately $140 million, reflecting broader market trends. Social media engagement showed consistent growth, with followers on platforms such as X, YouTube, and Instagram increasing modestly. Tokenomics and Staking By the end of October, the circulating supply of Algorand’s native token, ALGO, reached 8.79 billion, representing 87.9% of the total maximum supply. This marks a 0.11% increase from the previous month. During the first ten months of 2025, validators received a total of 56.20 million ALGO in staking rewards, highlighting the network’s ongoing reward distribution and fee-driven activity. Foundation’s Activities and Governance Algorand Foundation’s CEO, Staci Warden, participated in key industry…