Algorand Network Activity Spikes as Long-Term Target Remains Unchanged

Algorand's (ALGO) network activity has seen a noticeable spike after reaching a weekly throughput high of 11.91 transactions per second (TPS) on September 28, according to data tracker Chainspect.

This marks a significant increase in usage, with over 1 million transactions processed in a single day, which is a clear sign that the network is firming up after quieter stretches.

While this doesn't necessarily reprice the token, it provides tangible evidence of rising activity and gives the bull case something to lean on, as the market still prices ALGO like a mid-cap asset.