Algorand reports mixed July 2026 metrics with growth in wallets and assets

Algorand’s July 2026 Insights Report indicates a period of mixed performance for the blockchain ecosystem. While liquidity metrics faced challenges, network usage and asset creation showed growth.

Monthly active wallets rose 1.2% month-over-month to 522,000, bringing cumulative wallets to over 52 million. Transactions also saw a slight increase of 1.0%, totaling 3.67 billion. New asset creation increased by 13.2% to 217,000, though contract deployments fell by 5.1% to 606,000.

Conversely, liquidity saw a decline. Total value locked (TVL) fell 7.2% to $64 million, and stablecoin market capitalization dropped 10.2% to $44 million. USDC transaction volume decreased by 25% to $563 million.

On the innovation front, the x402 protocol for agentic commerce showed early traction, recording $80.9K in agentic payment transfers between July 27 and August 2. Additionally, ALGO staking surpassed 2.07 billion tokens, with the community controlling 81.1% of the stake.