What I particularly like is that on their AlgoExplorer, they alo show the current circulating supply of $ALGO, on-chain health such as block speed, live TPS, transaction costs, transaction history at a glance and the number of accounts. I am also able to take a deeper look into the statistics of top accounts (whether they're online/participating) and top statistics such as token economics (on-chain volume, token velocity) that Etherscan is unable to provide. This gives an edge for on-chain explorers of Algo, as it is readily available from their site and do not need digging for potentially inaccurate information.
What's interesting to see is that at 12pm GMT, there is a constant surge of transactions, will probably dig deeper to find out the reason why.
The TVL of Algorand looks fairly stable throughout 2023, starting the year at $96m and currently at $126m and there has been a rise of active users throughout the year. This tells us that the community is actively coming in, and it is in line with Algorand's building of their ecosystem and updates - boding well for the project.
Revenue and fees however has declined for Algorand the past year, which might mean that there are more users coming into the project and staking (hence the increase in TVL), but not alot of users are interacting with the Dapps and ecosystem (hence the decrease in fees and revenue).
AlgoFi remains the top of the Algorand ecosystem, taking ~65% of the total TVL, that may be a concern but I believe as more projects roll through into the ecosystem, the dominance of AlgoFi will decrease to a healthier range. Show Less
