Overview
- The foundation did not disclose the number of roles eliminated but called the decision difficult and thanked departing staff.
- Work continues on the next AlgoKit release, the Rocca wallet, new commercial tooling, and post-quantum security initiatives.
- ALGO trades near $0.09, roughly 98% below its 2019 all-time high of $3.56, according to CoinGecko.
- Recent reports show 4.7% quarterly transaction growth and real‑world assets reported at $109 million, while RWA.xyz currently tracks $83 million on Algorand.
- The reduction aligns with broader industry cuts at OP Labs, PIP Labs, Gemini, Block, and Messari, even as the foundation’s site still lists open roles.