A high-throughput L1; chain depth and usage decide whether liquidity is returning.
ALGO scores 42: trend quality leads (0.83x its long trend, +0% over 30 days), with liquidity depth the soft spot.
What this page answers
ALGO carries a Depth Composite of 42 of 100 and is watched inside the 88-asset Reef, below the Signal Lab line this read. ALGO scores 42: trend quality leads (0.83x its long trend, +0% over 30 days), with liquidity depth the soft spot. The score is a sounding of open data: liquidity depth, real demand, valuation, trend, positioning, and narrative. Visible risk is carried separately and only subtracts when a source-backed threshold fires.
Bathymark Analysis Standard
ALGO scores 42: trend quality leads (0.83x its long trend, +0% over 30 days), with liquidity depth the soft spot.
Seven components, then a risk penalty. Bars show each component's 0 to 100 reading; the percentage is its weight in the composite. A greyed bar means that lane is unassessed and makes no directional claim. The Source coverage row records the gap.
$778.01M market cap, $30.54M chain depth, $50.59M stablecoins
2.2% daily turnover, $133.00 a day in fees, 25,858 active addresses, 775,168 transactions
25.5x market cap to TVL, 16027x market cap to annual fees
0.83x its long trend, +0% over 30 days
A further slide in liquidity depth ($778.01M market cap, $30.54M chain depth, $50.59M stablecoins) would pull it out.
Venue funding is positioning pressure, not direction or a market-wide rate. Visible Hyperliquid open interest excludes positions on other venues. Funding is the cost of holding leverage, a read of crowd pressure, not a forecast.
Drawn from the entity graph, so a question that starts here always has somewhere to go.
ALGO's validated daily price changed -6.1% across 31 observed days.
Reported nominal chain TVL changed -6.9% over seven days. The composite history has 1 same-method daily observations, below the change gate.
Depth Composite unusualness is not assigned yet.
At least seven daily observations across six days are required before percentile, persistence, or volatility is assigned. The latest price sits at the 4th percentile, which is not a Depth Composite percentile.
ALGO remains in the wider monitored set and is outside the current surfaced board.
Its current Depth Composite is 42, compared with the common 50-point neutral reference under the same methodology.
Draining is the current source-backed market-structure state for ALGO.
The score and scenario references are information, not a price target, trade instruction, or prediction.
Liquidity depth: $778.01M market cap, $30.54M chain depth, $50.59M stablecoins.
4 of 4 visible risk lanes are source-backed. A zero penalty means no threshold fired in observed lanes, not no risk.
Stored score history has not yet cleared the seven-observation persistence and percentile gate.
ALGO enters the surfaced call only if it ranks inside the top 11 with a Depth Composite of at least 50 for three consecutive complete daily boards.
Measured byDepth Composite, current board rank, source-complete status, three consecutive daily observations, and one unchanged method version.
Depth Composite = 20% liquidity + 20% demand + 15% valuation + 15% trend + 10% positioning + 10% narrative + 10% source coverage - visible risk penaltyMissing component lanes use a neutral score floor and reduce source coverage. Visible risk can subtract up to 30 points only when a source-backed threshold fires.
Open formula note+11% funding, $2.03M open interest
quiet in the attention feeds right now
6 of 6 reads backed by live open data
4 of 4 visible risk lanes are source-backed. A zero penalty means no threshold fired in observed lanes, not no risk.
The chain's liquidity depth (TVL) against ALGO's price on a shared timeline. The divergence between them is the reading.
Reported TVL and the native token price are moving together. That is consistent with repricing, but does not isolate the cause.
Depth from DeFiLlama chain TVL, price from the open DeFiLlama coins feed (CoinGecko id). Both plotted series start at 100 and share one index scale. TVL is in dollars, so it moves partly with price by construction. The gap is not a forecast. Information, not financial advice.
Headlines are matched to ALGO, Algorand, and its category tags from the open RSS newsroom. We link out to the publisher and do not reprint article bodies.
No matched headline right now
The current open RSS set has no direct ALGO headline. Broader crypto headlines are intentionally not forced onto this asset.
Every number on this page is a sounding of open, keyless data.
$778.01M market cap, $30.54M chain depth, $50.59M stablecoins
CoinGecko markets · DeFiLlama chains API · DeFiLlama stablecoins API
2.2% daily turnover, $133.00 a day in fees, 25,858 active addresses, 775,168 transactions
CoinGecko markets · DeFiLlama chain fees API · Coin Metrics Community API
25.5x market cap to TVL, 16027x market cap to annual fees
CoinGecko markets · DeFiLlama chains API · DeFiLlama chain fees API
0.83x its long trend, +0% over 30 days
DeFiLlama Coins API · CoinGecko markets
+11% funding, $2.03M open interest
Hyperliquid public perps API
quiet in the attention feeds right now
CoinGecko trending API · ApeWisdom Reddit mentions
6 of 6 reads backed by live open data
CoinGecko markets · DeFiLlama chains API · DeFiLlama stablecoins API · DeFiLlama chain fees API · Coin Metrics Community API · DeFiLlama Coins API · Hyperliquid public perps API · CoinGecko trending API · ApeWisdom Reddit mentions
chain depth draining -7% this week. 4 of 4 visible risk lanes are source-backed. A zero penalty means no threshold fired in observed lanes, not no risk.
DeFiLlama hacks API · Hyperliquid public perps API · CoinGecko markets · DeFiLlama chains API
Bathymark reads these open numbers and renders its own sounding. This is information, not financial advice. Confidence is high, set by how complete the data is.
overlay lab
Compare the asset with available benchmark, observed-depth, and 200-day moving-average context. Each moving series starts at 100 at its first visible observation. Fixed price references use the asset's first visible price, so unlike units never pretend to share a raw scale.
Trend-only stress references. No multi-model band is implied. Cards compare with the timestamped quote; chart gaps compare with the shared-window daily close.
Lower edge of a supported scenario band, or an unrated 0.8x moving-average reference.
Evidence: DeFiLlama Coins 200d moving average; displayed gap uses CoinGeckoMiddle of a supported scenario band, or the current 200-day moving average.
Evidence: DeFiLlama Coins 200d moving average; displayed gap uses CoinGeckoUpper edge of the scenario band, or an unrated 1.6x moving-average heat reference.
Evidence: DeFiLlama Coins 200d moving average; displayed gap uses CoinGeckoA 2.4x long-trend stretch, the heat zone used by the depth composite. It is a stress test, not a forecast.
Evidence: DeFiLlama Coins 200d moving average; displayed gap uses CoinGeckoThese are unrated 200-day moving-average references, not a multi-model valuation band, targets, or advice.
Exact readings, their meaning, data state, and source. Metrics are grouped by purpose so they can be read in context. Optional missing readings are omitted rather than padded with empty cards.
3 optional readings currently have no defensible value and are omitted.
Price action, long-trend context, volatility, and benchmark relationships.
Available from the named upstream source.
The current CoinGecko quote is kept separate from the daily history move below.
CoinGeckoCalculated by Bathymark from named source inputs.
Bathymark computes this from adjacent DeFiLlama Coins daily history points. It is distinct from CoinGecko's rolling 24h move.
Available from the named upstream source.
A fast move only matters if volume, depth, or leverage confirms it.
CoinGeckoAvailable from the named upstream source.
The weekly tide is where short squeezes and real demand start to separate.
CoinGeckoAvailable from the named upstream source.
Monthly relative strength is the cleanest price read before it gets noisy.
CoinGeckoCalculated by Bathymark from named source inputs.
A negative number shows how far price sits below its recent shelf.
Bathymark computed from DeFiLlama CoinsCalculated by Bathymark from named source inputs.
Wildness from actual daily returns, not vibes.
Bathymark computed from DeFiLlama CoinsCalculated by Bathymark from named source inputs.
The moving average is computed only after 200 consecutive UTC daily observations and a fresh final point clear the coverage gate.
Bathymark computed from DeFiLlama CoinsCalculated by Bathymark from named source inputs.
Above 2.4x is treated as heat in the depth composite.
Bathymark computed from CoinGecko and DeFiLlama CoinsCalculated by Bathymark from named source inputs.
How much this asset is really just Bitcoin beta right now.
Bathymark computed from DeFiLlama CoinsCalculated by Bathymark from named source inputs.
Useful for spotting when an alt is moving with Ethereum rather than its own story.
Bathymark computed from DeFiLlama CoinsCalculated by Bathymark from named source inputs.
A fast check for Solana-beta hiding inside an unrelated ticker.
Bathymark computed from DeFiLlama CoinsMarket size, turnover, onchain depth, fees, revenue, and available yield context.
Available from the named upstream source.
Size is not conviction, but it decides how much water the asset displaces.
CoinGeckoAvailable from the named upstream source.
Volume tells us whether the market is actually crossing the spread.
CoinGeckoCalculated by Bathymark from named source inputs.
High turnover can mean demand, churn, or liquidation. It needs context.
Bathymark computedAvailable from the named upstream source.
Dilution pressure, visible where supply still has to enter the float.
CoinGeckoAvailable from the named upstream source.
TVL is the source-reported USD value attributed to the chain or protocol when open data maps cleanly. It is not measured exit liquidity or deposit flow.
DeFiLlama chain depthAvailable from the named upstream source.
Cash on the chain is dry powder and settlement depth, not a direction call.
DeFiLlamaAvailable from the named upstream source.
Depth rising while price sleeps is the kind of divergence worth reading.
DeFiLlamaAvailable from the named upstream source.
Fees are demand people actually paid for, not a narrative claim.
DeFiLlamaCalculated by Bathymark from named source inputs.
A rough valuation ratio where fee data exists.
Bathymark computedFunding, open interest, venue disagreement, and the visible order book where available.
Available from the named upstream source.
Funding shows which side of leverage is paying to stay in the trade.
Hyperliquid public perps APIAvailable from the named upstream source.
Open leverage is fuel. It can support a move or turn into forced selling.
Hyperliquid public perps APICalculated by Bathymark from named source inputs.
When open interest is large against market cap, the book can get brittle.
Bathymark computedAvailable from the named upstream source.
A wide venue spread says traders disagree about the same asset.
HyperliquidAvailable from the named upstream source.
The tighter the spread, the less price slips before the first fill.
HyperliquidAvailable from the named upstream source.
Positive means bids are heavier in the visible book. It is fragile and local.
HyperliquidModel cases shown as reference levels, never forecasts or price targets.
Calculated by Bathymark from named source inputs.
Current unrated 200-day moving-average reference, not a forecast.
DeFiLlama CoinsCalculated by Bathymark from named source inputs.
Unrated 0.8x moving-average stress reference, not a probability or target.
DeFiLlama CoinsCalculated by Bathymark from named source inputs.
Unrated 1.6x moving-average heat reference, not a probability or target.
DeFiLlama CoinsCalculated by Bathymark from named source inputs.
A heat-zone case from price history, not a forecast and not advice.
DeFiLlama Coins