Algorand has a solution to solve the Liquidity problem
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The bear market is not a horror story from OG crypto-chads anymore but a fierce reality. TVL shrank by more than 70% just in a matter of weeks, and fear is all around the industry, especially after the almost unreal collapse of FTX led by crypto ex-superhero SBF.
It’s not a secret that the bear market is, on the one hand, the most difficult period for devs and teams who are seeking investors. But on the other hand, it’s a beautiful time for investors who can finally take a little break after an exhausting bullrun. They have time to soberly evaluate projects that still exist or those that try to pull off in these hard times and to define new favorites and narratives for the next bullrun.
Not only one of the most technically advanced blockchains, but thanks to the mind of Silvio Micali, founder and one of the best cryptographers in history, Algorand is also one of the best performers during this bear market. Sure, $ALGO still lost value and didn’t reach all time high, but Algorand’s TVL did, and multiple times during these past months.
Indeed, if you take time to compare the top 20 Layer 1 TVL charts on DefiLlama, you’ll notice that Algorand is definitely building and attractive right now.
Algorand’s tech is a great factor for this growth, along with its FIFA World Cup partnership. But most of all, it’s the great quality of builders and innovative projects flourishing on this blockchain that makes Algorand potential more and more appealing for investors.
It is clear that supporting developers is one of the key priorities of the Algorand foundation. For example, there is $10 million allocated for Developer Tooling
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