The number of Algorand mainnet nodes has increased by 250% over the last four months, raising speculation about the potential recovery of ALGO prices, which have dropped 70% from their peaks in Q4 2024.
Algorand has emerged as a leading decentralized proof-of-stake platform, competing with the likes of Cardano and Ethereum. The network supports numerous decentralized applications (dApps) aimed at resolving real-world problems, reflecting its stability and reliability.
Algorand Mainnet Nodes Rise 250% In 4 Months
Since November 2024, the number of Algorand’s mainnet nodes has surged nearly 250%, primarily due to lucrative staking rewards. This growth indicates not only enhanced security but also a decentralization process initiated by the Algorand Foundation, which has reduced its stake by 306 million ALGO during this period.
“Since November 2024, the number of mainnet nodes has increased by almost 250% due to Staking Rewards on Algorand.” — Algorand Foundation (@AlgoFoundation)
As of March 12, 2025, there are over 5,200 mainnet nodes and 2,090 validator nodes within the Algorand network. These nodes are critical for processing blocks and ensuring consensus, allowing any mainnet node the ability to validate transactions regardless of stake size.
Release of Algorand v4.0.1
The release of version 4.0.1 is aimed at enhancing node efficiency and reliability. Key features introduced include a “heartbeat functionality,” which incentivizes nodes to remain active, thereby stabilizing the network and minimizing downtime.
Time For ALGO To Shine?
With the growing number of nodes, questions arise regarding whether ALGO can eventually recover from its price declines. Having reached a high of $0.61 in early December 2024, the current price sits around $0.17. Traders are hopeful that a price surge above $0.31 could trigger further demand and a possible rally back towards $0.61.
While optimism remains, the crypto market’s volatility adds risk; should prices drop below $0.15, a sharp sell-off may occur, driving ALGO down to $0.10.
