GraniteShares has delayed the launch of its 3x Long and 3x Short XRP Daily ETFs from April 23 to May 7, marking the fifth postponement in three weeks and raising fresh questions about whether the SEC will ultimately clear 3x leveraged crypto products under the framework it applied to reject similar products from ProShares in December 2025.

GraniteShares has pushed the launch of its 3x Long and 3x Short XRP Daily ETFs from April 23 to May 7, 247 Wall St. reported, citing a Rule 485 filing under the Securities Act of 1933 that allows issuers to shift launch dates without restarting the full regulatory review process. The effective date has now moved five times: from April 2, to April 9, to April 16, to April 23, and now to May 7.

GraniteShares 3x XRP ETF Faces Repeated SEC Scrutiny on Leverage Structure

The delay pattern mirrors the regulatory resistance that ended ProShares’ 3x crypto ETF ambitions. In December 2025, the SEC sent formal letters to ProShares, Direxion, and Tidal Financial citing Rule 18f-4, which caps fund leverage at 200%, forcing ProShares to withdraw its entire 3x crypto lineup, including a 3x XRP product essentially identical to what GraniteShares is now attempting to list. GraniteShares’ eight leveraged funds, covering 3x Long and 3x Short versions for Bitcoin, Ethereum, Solana, and XRP, have all been moved to May 7 simultaneously, which 247 Wall St. noted suggests the SEC is working through concerns about the 3x structure itself rather than any asset-specific issue. As crypto.news reported, Teucrium demonstrated that 2x leveraged XRP products are achievable under the current regulatory framework, having launched its 2x Long Daily XRP ETF on NYSE Arca in April 2025 and subsequently built over $440 million in assets.

What the Products Would Offer If They Clear

The GraniteShares 3x Long XRP Daily ETF would deliver 300% of XRP’s daily price movement using swaps and futures contracts, settling entirely in cash with no direct XRP held. The 3x Short XRP ETF would deliver 300% of the inverse daily movement, giving US retail traders their first regulated vehicle to short XRP at triple leverage through a standard brokerage account. GraniteShares Advisors LLC would serve as investment adviser, with Jeff Klearman and Ryan Dofflemeyer as portfolio managers. As crypto.news tracked, spot XRP ETFs have recorded over $1.24 billion in cumulative inflows since November 2025, providing a clear demand signal that GraniteShares is trying to extend into the higher-leverage segment of the market.

The May 7 Window Is Now the Critical Test

If GraniteShares launches on May 7, the delay will be read as routine procedural process, consistent with how Volatility Shares navigated its 2x XRP product. If it delays a sixth time, 247 Wall St. noted, the SEC is likely moving in the same direction it took with ProShares, and the 3x XRP products may not launch in 2026 at all. As crypto.news documented, XRP ETF demand hit an 11-week high in mid-April with $17.11 million flowing in on a single day, and the market has been watching the GraniteShares filing as a potential next catalyst for broader XRP trading infrastructure. The annualized historical volatility on XRP from 2020 to 2025 sat at 95.5%, the highest among the four assets covered in GraniteShares’ filing, which may be part of the SEC’s calculus on the risk profile of a 3x product tied to the asset.

GraniteShares has not issued a public statement explaining the delay, and the Rule 485 filing contains no indication of what specific SEC concerns, if any, are driving the repeated postponements.

Key takeaways:

• The spot ETH ETFs recorded ten consecutive days of net inflows, totaling $633 million.
• Weekly DApps revenue on the Ethereum network fell to $13 million, following a broader decline seen in Solana and BNB Chain.

Ether (ETH) struggled to trade above $2,400 on Thursday, but consistent inflows into Ethereum spot exchange-traded funds (ETFs) reflect the bulls’ attempt to regain momentum. Ether’s price rallied alongside Bitcoin’s (BTC) recovery to $79,000, prompting traders to question whether ETH will attempt a run to $3,000.

Spot ETH ETF daily net flows, USD. Source: SoSoValue

On Wednesday, the ETH spot ETFs completed 10 consecutive days of net inflows, totaling $633 million. This shows that traders are gradually reclaiming confidence after ETH abruptly fell by 42% between Jan. 28 and Feb. 6. The cryptocurrency market crash reduced interest in decentralized applications (DApps), which proved especially burdensome for ETH investors.

Weekly DApps revenue by chain, USD. Source: DefiLlama

DApp revenues on the Ethereum network dropped to $13 million per week in April, nearly 50% lower than six months prior. However, the decline in decentralized exchange (DEX) volumes has also plagued other major competitors to a similar extent, including Solana, BNB Chain, and Hyperliquid. The aggregate weekly blockchain DApps revenue has fallen to $73 million, down from $130 million in October 2025.

Ethereum well-positioned to capture demand for DApps

Despite recent bullish momentum, ETH is down 22% year-to-date in 2026, while the broader cryptocurrency market capitalization is down 14%. Ether’s underperformance may be interpreted as a buying opportunity, especially as the Ethereum network remains the leader in total value locked (TVL) and its layer-2 solutions have gained significant market share in DEX volumes.

Regardless of the ETF inflows, the demand for bullish leveraged ETH positions has plummeted to its lowest level in four months.

ETH 2-month futures basis rate. Source: Laevitas

The annualized ETH monthly futures premium relative to regular spot markets (basis rate) dropped to 1% on Thursday, well below the 4% neutral threshold. Still, it is incorrect to assume that professional traders are bracing for downside solely due to a lack of confidence in derivatives markets. The uncertain macroeconomic environment might explain trader skepticism, especially after major tech companies’ quarterly earnings disappointed investors.

IBM (IBM US) shares dropped nearly 10% on Thursday due to investor concerns regarding increased competition from the artificial intelligence sector, according to Yahoo Finance. In parallel, Morgan Stanley trimmed its price target on Oracle (ORCL US) due to uncertainty in the margin profile and buildout costs of the company’s expanding investment in AI computing data centers.

Related: BlackRock drives 7-day Bitcoin ETF inflow streak as BTC nears $80,000

ETH vs. BNB, SOL, AVAX. Source: TradingView

Ether’s potential bullish momentum likely depends on reduced risk aversion toward cryptocurrencies, as its price chart relative to some competitors shows striking similarities. The recent spot Ether ETF inflows, while relevant, are not enough to justify a decoupling, especially as activity in the DApps sector has yet to show signs of improvement.

There is no indication that ETH is bound for $3,000, but the Ethereum network seems well-positioned to capture an eventual pickup in demand for decentralized computation.

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

The crypto-aligned Fellowship political action committee (PAC), led by stablecoin issuer Tether’s head of government affairs, reported spending more than $3 million on advertising related to US Senate and House races, with the majority going toward to support a Texas Republican candidate.

In a Tuesday filing with the US Federal Election Commission (FEC), Fellowship PAC disclosed that it had spent $1.75 million in support of Texas Attorney General Ken Paxton. The Republican is facing off against incumbent Senator John Cornyn in a May 26 runoff to determine who will become the party’s candidate for the 2026 US Senate race.

Fellowship PAC expenditure report on Ken Paxton. Source: FEC

In addition to Paxton, the PAC reported spending $350,000 on advertising for Mike Collins in Georgia’s Senate race, $350,000 on Barry Moore in Alabama’s Senate race, and $250,000 and $350,000 on Blake Miguez and Julia Letlow, respectively, for House and Senate races in Louisiana. All expenditures went through the Nxum Group, a marketing company co-founded by former White House crypto adviser and Tether US CEO Bo Hines.

Fellowship launched in September, claiming to have more than $100 million from undisclosed investors aligned with the crypto industry. Although the PAC has since reported $11 million in contributions to the FEC, no other filings or public records showed backers associated with crypto.

Crypto-backed PACs like Fellowship and Fairshake are expected to influence the results of the 2026 US midterm elections through spending on media and advertising to support candidates they consider “pro-crypto.” Fairshake and its affiliates reported spending more than $131 million in 2024, possibly influencing voters in key battleground states.

Related: Texas Lt. Gov. calls for study of crypto, prediction markets

Paxton’s time as Texas Attorney General was plagued by corruption allegations, leading to his impeachment in the state’s House of Representatives in 2023 — he was later acquitted by the Texas Senate. Either Paxton or Cornyn will likely face off against Democratic candidate James Talarico in November’s US Senate election.

Kalshi suspends and fines Texas candidate over insider trading 

As US state primaries continue and the general election approaches, many prediction market users are betting on the outcomes of events related to big and small races, including some candidates themselves.

On Wednesday, prediction markets platform Kalshi announced financial penalties and bans on three candidates in Minnesota, Texas and Virginia after they were found to have placed bets on their respective races. The Texas candidate, Ezekiel Enriquez, “purchased less than $100 worth of contracts related to his own candidacy” for Texas’ 21st Congressional District, according to Kalshi.

“Under the terms of the settlement, Kalshi suspended Enriquez from direct or indirect access to Kalshi for a period of 5 years and imposed a financial penalty of $784.20,” said the company.

Magazine: How to fix suspected insider trading on Polymarket and Kalshi

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Key Highlights

• INTC shares climb following earnings beat powered by AI infrastructure demand
• Data center segment expansion fuels Intel revenue growth and after-hours rally
• Intel posts margin improvements and accelerating AI momentum in Q1 results
• Robust AI workload demand drives Intel stock appreciation after report
• Intel gains on expanding data center operations and enhanced earnings forecast

Shares of Intel Corporation (INTC) finished the trading session higher before experiencing a significant after-hours rally following the release of first-quarter 2026 financial results. The stock closed at $66.78, representing a 2.31% gain, before jumping to $76.53 in extended trading. This momentum stems from robust AI workload requirements, expanding data center operations, and enhanced execution throughout primary business divisions.

Intel Corporation, INTC

Data Center Strength and AI Infrastructure Fuel Revenue Growth

Intel delivered first-quarter revenue totaling $13.6 billion, representing a 7% year-over-year increase. This expansion resulted from accelerating demand for processors and AI infrastructure solutions throughout enterprise and cloud computing environments. Beyond top-line growth, the company achieved a gross margin of 39.4%, demonstrating enhanced product portfolio mix and effective expense management.

While GAAP results reflected losses attributed to restructuring initiatives and accounting modifications, non-GAAP metrics revealed stronger underlying operational performance. Non-GAAP net income reached $1.5 billion, climbing 156% compared to the same period last year. Per-share earnings rose to $0.29, underscoring enhanced profitability throughout business divisions.

The Data Center and AI division emerged as the primary growth driver, producing $5.1 billion in revenue with a 22% year-over-year increase. The Client Computing Group contributed $7.7 billion, demonstrating consistent demand throughout PC and edge device markets. Overall Intel Products revenue advanced 9%, confirming strength across fundamental operations.

Product Innovation and Collaborative Initiatives Enhance Market Position

Intel broadened its product lineup with newly introduced Xeon processors and Core Ultra series chips spanning multiple market segments. These releases address enterprise, mobile, and edge computing applications with advanced AI functionality and performance improvements. Beyond product introductions, Intel reinforced collaborative relationships to expand its infrastructure footprint worldwide.

The semiconductor manufacturer revealed a multi-year partnership with Google for deploying Xeon processors throughout specialized cloud computing instances. This collaboration encompasses joint development of customized infrastructure processing units designed to enhance AI workload performance. Intel also secured its position as the host CPU supplier for NVIDIA’s DGX Rubin platform systems.

Additionally, Intel progressed its foundry objectives by increasing assembly and testing capabilities in Malaysia. This expansion addresses growing demand for sophisticated packaging technologies and strengthens supply chain stability. Intel participated in the Terafab consortium alongside prominent technology companies to drive semiconductor manufacturing advancement.

Forward Guidance Reflects Sustained AI and Manufacturing Growth Trajectory

Intel provided second-quarter 2026 revenue guidance ranging from $13.8 billion to $14.8 billion, suggesting continued demand stability. The organization anticipates non-GAAP earnings per share of $0.20, underpinned by margin expansion and operational effectiveness. GAAP forecasts remain subdued due to persistent restructuring effects.

The company continues refining its manufacturing infrastructure to address expanding customer needs. This strategy focuses on enhancing supply chain responsiveness and supporting increasing requirements for AI-optimized semiconductor solutions. Intel prioritizes production capacity scaling while strengthening its financial position.

Intel’s forward outlook demonstrates sustained expansion propelled by AI implementation and data center proliferation across international markets. The organization continues transforming its operational framework while broadening partnerships and product offerings. Consequently, the post-earnings stock appreciation corresponds with improved fundamentals and superior execution capabilities.

 

TLDR:

• MegaETH triggered a seven-day TGE countdown after 10 Mega Mafia apps met its first KPI requirement.
  
• Each qualifying app had to record over 100,000 transactions in 30 days, proving real user activity on-chain.
  
• 53.3% of MEGA’s total supply will be distributed as staking rewards tied to four measurable KPI goals.
  
• Backers include Kraken Ventures, Wintermute, Vitalik Buterin, and Kain Warwick, supporting the Mega Mafia program.

---

MegaETH is on track for its token generation event on April 30, 2026. The network confirmed that 10 Mega Mafia applications are now live, triggering a seven-day countdown.

This milestone marks the completion of the first key performance indicator in the project’s KPI-based release schedule.

The development positions MegaETH as one of the few blockchain networks tying token emissions directly to measurable ecosystem growth.

MegaETH Links MEGA Token Release to Performance Metrics

MegaETH structured its token distribution around four top-line KPI goals rather than a fixed unlock calendar. Under this model, 53.3% of the total MEGA supply will be released as staking rewards tied to those targets.

This approach separates the project from many blockchain launches that rely on time-based vesting schedules alone.

Following the first milestone confirmation, MegaETH officially announced the token generation date on X:

Co-founder Shuyao Kong stated the team wanted the MEGA token to act as an accelerant for the ecosystem. She noted the launch date is not arbitrary but tied to real network performance metrics.

Kong added the next phase is about whether the system can sustain and expand after years of building infrastructure.

Beyond the 10 live apps, MegaETH has outlined additional KPI requirements for further token releases. At least three MegaETH apps must generate $50,000 or more in daily fees for 30 consecutive days.

Additionally, USDM, the network’s native stablecoin, must reach specific growth targets to unlock further emissions.

Mega Mafia Apps Must Meet Strict On-Chain Activity Standards

The 10 qualifying applications were not counted based on launch status alone. Each app had to demonstrate a functioning core loop supported by real, traceable user activity.

Furthermore, every qualifying app was required to generate more than 100,000 total transactions over 30 days.

MegaETH has incubated roughly 30 applications through the Mega Mafia program to date. The initiative received financial backing from firms including Anagram, GSR, Kraken Ventures, Maven11, Robot Ventures, and Wintermute.

Angel investors such as Vitalik Buterin and Kain Warwick also participated in supporting those early-stage projects.

Among the live ecosystem apps currently listed on MegaETH’s website are CAP, Avon, and Euphoria. These projects are actively building on the chain’s underlying infrastructure.

Together, they represent the growing base of applications that met the network’s strict activity standards ahead of the April 30 token launch.

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Ethereum’s spot ETFs are once again drawing attention as fresh inflows arrive just as Ether trades hover near key support around $2,400. Across a ten-session run, spot ETH ETFs consolidated roughly $633 million in net purchases, suggesting that institutional players are re-engaging with the market even after a volatile stretch earlier in the year. Meanwhile, Ether’s price movement has tracked Bitcoin higher, lifting questions about whether ETH can sustain momentum toward the $3,000 level in the near term.

On the on-chain activity front, the story remains mixed. Data show that Ethereum’s decentralized application (DApp) revenue cooled sharply in April, underscoring tighter appetite for on-chain usage even as price dynamics improved. Weekly DApp revenue on Ethereum plunged to about $13 million, a decline of roughly half from six months earlier. The broader picture across major chains mirrors this weakness, with Solana, BNB Chain, and related ecosystems also reporting softer DEX volumes. Collectively, weekly DApps revenue across the leading chains dipped to about $73 million, down from around $130 million in October 2025.

Spot ETH ETF daily net flows, USD. Source: SoSoValue

Bitcoin’s resurgence and the ETF inflows have helped keep Ether in the conversation about a potential test of the $3,000 zone, but several data points suggest that the current optimism is not yet widespread enough to reset the longer-term narrative for ETH. The latest price action comes as Ether remains down for the year, with 2026 showing a roughly 22% decline year-to-date, while the broader crypto market has slipped closer to 14% for the same period. Investors are weighing whether the ETF dance signals a broader re-rating or simply a temporary reprieve in risk appetite.

Weekly DApps revenue by chain, USD. Source: DefiLlama

Key takeaways

• The spot ETH ETFs posted 10 consecutive days of net inflows, totaling about $633 million, signaling renewed institutional interest.
• Ethereum’s on-chain activity cooled, with DApp revenue dropping to about $13 million per week in April; aggregate DApps revenue across leading chains fell to roughly $73 million weekly.
• Despite the inflows, Ether’s macro price trajectory remains sensitive to broader risk sentiment, with ETH down around 22% year-to-date in 2026 while BTC has helped lift markets higher.
• The derivatives market has cooled, as the 2-month ETH futures basis hovered near 1% annualized—well below the typical neutral band around 4%—reflecting tepid appetite for bullish leverage amid macro uncertainty.
• Industry observers point to Ethereum’s continued leadership in TVL and Layer-2 adoption as potential tailwinds for later demand, even as near-term on-chain activity remains uneven.

ETF inflows and what they imply for ETH demand

Flows into Ethereum’s spot ETFs have become a focal point for investors seeking exposure to ETH without directly holding the digital asset on exchange wallets. The latest sequence of inflows, captured by data aggregator SoSoValue, marks a sustained period of net buying that traders and researchers view as a sign of renewed confidence after a spring sell-off that briefly pushed Ether to the lower $2,000s.

From a market structure perspective, ETF inflows can reflect a mix of institutional reallocation, index rebalancing, and strategic positioning against ongoing macro volatility. Yet the signal is not yet definitive: ETF momentum alone does not guarantee a sustained move higher in spot ETH, especially when on-chain activity remains fragile and competitive pressure in the DApps space persists. In this light, the inflows appear to be a bullish data point that complements broader risk-on signals rather than a standalone catalyst for a test of $3,000.

On-chain usage under pressure as investors reassess DApp growth

The DApp revenue slowdown underscores a complex dynamic for Ethereum’s fundamental thesis. Data from DefiLlama show weekly DApp revenue on Ethereum at about $13 million in April, a level that marks a meaningful drop versus six months prior. The broader ecosystem has seen a similar softness in DEX volumes and related on-chain activity across competing networks like Solana and BNB Chain. While Ethereum remains the largest platform by total value locked (TVL) and continues to gain traction from Layer-2 scaling solutions, the commercial activity that typically underpins long-run demand for gas fees and smart contract usage has yet to demonstrate a clear rebound.

In a broader context, the combined weekly DApps revenue across major chains has slid to around $73 million from roughly $130 million in October 2025. This contraction suggests that, even with rising interest in ETH through spot ETFs, the market’s willingness to pay for decentralized applications is not uniformly expanding. Investors looking for signals of sustained network activity should monitor upcoming DApp launches, user acquisition across Layer-2 ecosystems, and any shifts in DeFi liquidity that might reaccelerate on-chain activity.

The derivatives backdrop and the macro environment

Beyond spot flows and on-chain activity, the derivatives landscape offers a tempered view of the market’s near-term stance on Ether. The 2-month ETH futures basis—the premium of futures relative to spot prices—has cooled to about 1% annualized, dipping well below the neutral threshold around 4%. This compression indicates that professional traders have largely refrained from aggressively building bullish leverage, a stance that aligns with a broader risk-off mood in the wake of mixed earnings signals from major tech incumbents and ongoing macro uncertainties.

Macro headlines have also seeped into crypto sentiment. For instance, IBM’s stock price faced a nearly 10% drop after quarterly results raised concerns about competition in AI, according to Yahoo Finance. Separately, Morgan Stanley trimmed its Oracle price target amid questions about the margin profile and cost of expanding AI computing data centers. While these developments are not Ethereum-specific, they contribute to a cautious environment in which traders weigh the likelihood of sustained demand for risk assets, including crypto assets with heterogeneous use cases.

Despite these headwinds, Ethereum still occupies a strategic position within the sector. Its leadership in TVL and the growing footprint of Layer-2 networks that push higher throughput for DEXes could offer a qualitative reason for buyers to accumulate ETH on pullbacks. The question remains whether improving risk appetite and stronger on-chain activity will converge in a way that lifts ETH toward the $3,000 level in the near to mid term.

ETH vs. BNB, SOL, AVAX. Source: TradingView

Looking forward, traders should watch how the ETF inflow trajectory evolves and whether it translates into broader buying that supports spot ETH beyond the immediate liquidity windows. They should also monitor any shifts in DApp monetization, DeFi liquidity, and the adoption of Layer-2 solutions, all of which could signal a gradual reacceleration in on-chain activity that underpins ETH’s longer-term valuation story.

Ether’s near-term path remains contingent on a delicate balance: renewed investor interest expressed through ETF inflows, a turn in on-chain activity that can sustain gas demand, and a risk environment that either sustains or dampens appetite for leveraged positions in the crypto space. While the current indicators do not guarantee a breakout, they do outline a scenario where ETH could capitalize on improving sentiment and network fundamentals as the year unfolds.

The developments to watch next include the ongoing pace of spot ETF inflows, any upward movement in DApp usage on Ethereum and Layer-2s, and how institutions price the risk-reward of ETH in a landscape still shaped by macro uncertainty and evolving regulatory signals.

TLDR:

• Coinbase’s Quantum Advisory Board named Algorand and Aptos the most quantum-prepared layer-1 blockchains in April 2026.
  
• Algorand deployed its first live post-quantum transaction using Falcon-1024 signatures on mainnet in November 2025.
  
• Algorand’s consensus layer still relies on classical Ed25519 signatures, leaving it short of full quantum resistance today.
  
• ALGO surged roughly 50% in early April after Google’s Quantum AI paper cited Algorand 32 times in March 2026.

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Algorand is drawing renewed attention as one of the few major blockchains with live post-quantum cryptography on mainnet. 

A Coinbase Quantum Advisory Board paper released April 21 named Algorand and Aptos as the two layer-1 networks best prepared for the quantum shift. Bitcoin, Ethereum, and Solana remain in planning or early-transition stages. 

The 50-page report was produced by researchers from Stanford, UT Austin, the Ethereum Foundation, and several other institutions. It is the board’s first formal position paper on quantum computing and blockchain.

What Algorand Has Already Deployed Against Quantum Threats

Algorand’s post-quantum work dates to 2022 with the rollout of State Proofs. These compact certificates attest to the ledger’s state every 256 rounds using Falcon signatures. 

Falcon is a lattice-based scheme that NIST has formally standardized. The chain’s historical record has therefore carried quantum-secured attestations for roughly four years.

The more operationally significant step came on November 3, 2025. The Algorand Foundation executed the first post-quantum transaction on live mainnet using Falcon-1024 signatures. 

That transaction moved a real asset on a public blockchain, not a testnet. No hard fork was required to make it happen.

Falcon verification was added as a native primitive inside the Algorand Virtual Machine. Users generate a Falcon keypair and spend funds through a logic signature. 

The Foundation also released a Falcon Signatures CLI so developers can do the same. That tool removes the need for builders to write their own cryptographic code from scratch.

The Coinbase board noted that Algorand lets users create quantum-resistant accounts without a protocol-wide migration. 

That design stands in contrast to networks requiring large, coordinated transitions. It places Algorand meaningfully ahead of most layer-1 competitors on this specific measure. 

As the board put it, “@Algorand is one of very few major layer-1s with real, working post-quantum tools in production, not roadmap commitments. That is a defensible lead. Not a finished job.”

Where Algorand Still Falls Short on Full Quantum Resistance

Despite its progress, Algorand is not fully quantum-resistant today. The protections in place cover the ledger’s history and user-level transactions. 

However, the core of consensus remains classical. Block proposals and committee voting still depend on Ed25519 signatures.

Validator selection also uses a non-post-quantum Verifiable Random Function. The Coinbase board flagged this gap directly in its April 21 report, titled “Quantum Computing and Blockchain.” 

Algorand’s own post-quantum technology page acknowledges the same limitation. The protocol team has publicly stated these components are next on the upgrade list.

Chris Peikert, Algorand’s Chief Scientific Officer, has led much of this research. His foundational work contributed directly to Falcon’s cryptographic design. 

The network was built with cryptographic agility, meaning primitives can be swapped without a full rebuild. That structural flexibility gives Algorand room to close the remaining gap.

The market has responded to this growing post-quantum profile. ALGO rallied roughly 50% in early April after Google’s Quantum AI paper referenced Algorand 32 times on March 31. 

The token was trading near $0.10, with a market cap of around $914 million, on April 22. Whether the “one of few” label holds will depend on whether consensus upgrades arrive in 2026 or 2027, as the team has indicated.