Algorand

The morale in this sub is really low because of a few pain points such as: low DeFi TVL, bad Algo price action, funds being wasted by the AF (at least in the eyes of the community), and recently the death of AlgoFi. I want to add some positive notes to counter this:

- The currently low DeFi TVL is not a surprise or concern to me at all. I would only expect a significant boost in DeFi TVL during a bull market and after the launch of a secure bridge (London Bridge). Yes, we can be a bit jealous of the organic growth of Cardano's TVL, but we can't expect to have such a large retail community as Cardano which is one of the oldest crypto projects.

- I believe that Algorand's strategy is to become a leading blockchain by being a leader in it's fundamental technology. Then in the future when institutions start to look for a L1, they will make more rational decisions than retail and they will choose the blockchain which works best for their application. Algorand is positioning itself very well for adoption by institutions:

• Carbon neutral

• Zero downtime

• Instant finality with 3.3 second block time. Further decrease in block time in progress.

• 10k TPS. Further increase in TPS in progress. What does this mean in practice? In "AMM swaps per second" Algorand already outperformed all other chains by more than a factor 10, when Algorand was still on 6k TPS.

• A "Pure Proof of Stake" consensus mechanism which theoretically allows for a huge amount of actively voting participation nodes, invented by a Turing award winner and MIT professor (Silvio Micali).

• Quantum resistant cryptography.

- I am seeing a lot of negative comments about the TPS upgrades like "it is unnecessary, we are only using 6 TPS right now". Please keep in mind that faster block times directly enhance the UX and enable a Web2-like experience in Web3. Furthermore Avalanche has 1-second finality, so we actually have a long way to go to become as fast as Avalanche in terms of finality. When you think of it, 3 seconds is still pretty slow compared to most Web2 applications.

- Furthermore the AF is actually doing excellent work nowadays. Whereas the Inc is doing a brilliant job on the core protocol, the foundation is now working very hard on the developer experience and decentralization. They released AlgoKit, first version of 1-click nodes, they are working with the Inc on a gossip network for participation nodes so that they don't need relays, and they are working with the Inc on incentivizing participation nodes to boost the number of nodes. John Alan Woods sort of seems to be the MVP here, but remember that he was hired by Staci and of course he is not working alone. Not only the AF is contibuting to developer experience. Tinyman has released Tealish to greatly enhance developer experience for all Algorand developers. In my opinion this makes Tinyman the true Algorand DeFi MVP (and not AlgoFi).

My personal opinion (not advice) on the viability of Algo as an investment: As a long-term investment I think Algorand has extremely high potential. If the Inc and foundation manage to improve the decentralization, we will have an extremely performant and decentralized blockchain with great UX and great developer experience, which is carbon neutral, has had no down time, and is future-proof. This could lead to adoption by many institutions. Still, like most cryptocurrencies Algo is a very risky investment because there are many competitors and the blockchain space is a complicated and rapidly evolving space. Furthermore, even if we assume that Algorand has the best tech, keep in mind that the best technology does not always win.