Overview
- Algorand jumped roughly 21% to about $0.12 on Friday, reaching an eight‑ to nine‑week high and leading major crypto gainers for the day.
- The rally followed a Google Quantum AI paper published Tuesday that cited Algorand 32 times and highlighted its real‑world use of Falcon post‑quantum digital signatures.
- Google’s study noted Algorand executed its first post‑quantum‑secured transaction in 2025 and supports key rotation, positioning it just behind Bitcoin and Ethereum in mentions.
- Derivatives activity reinforced the move, with futures open interest up 55% to $58.9 million and funding rates turning positive, according to CoinGlass data.
- Access and staking expanded as Swiss bank PostFinance enabled ALGO for 2.5 million customers and Revolut turned on ALGO staking March 30 for more than 70 million users, which can reduce circulating supply.