Validators process transactions and receive fees from users (supply-side fees).

Algorand is a smart contract platform for decentralized applications (a blockchain). Algorand was founded by Silvio Micali and launched in 2018.

ALGO holders own and govern the protocol. They currently take a cut of the transaction fees paid by users (revenue). Algorand's investors include Union Square Ventures, Multicoin Capital, Pillar, etc.

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Blockchains (L1)

Algorand

# Algorand Contracts deployed Methodology

## 1. Overview

Contracts deployed measures the number of unique smart contracts published onchain on Algorand. This metric serves as a proxy for the volume of new infrastructure and applications launched within the ecosystem. It provides insight into developer activity and the growth of the programmable layer of the network.

## 2. Data sources

- **Blockchain events**: Contract creation records from the network, covering Algorand

## 3. Step-by-step calculation

### Component A: Contract creation extraction

- **Purpose**: Identify unique smart contract deployments on the network.
- **Logic**: Distinct contract addresses and their corresponding deployment timestamps are extracted from the underlying blockchain data. Deployer addresses are captured to associate creations with specific accounts where applicable.
- **Key fields**: `block_timestamp`, `account_address`, and `deployer_address`

### Component B: Daily aggregation and normalization

- **Purpose**: Aggregate deployments into a daily time series.
- **Logic**: Contract creations are grouped by day based on the UTC timestamp. A count of unique contract addresses is calculated for each daily period. Missing days are filled with zero values to ensure a continuous time series, and data is filtered according to chain availability and freshness parameters.
- **Key fields**: `timestamp` (daily grain) and `contracts_deployed` (count of unique contracts)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique smart contracts published onchain.

AlgorandALGO

Contracts deployed

Contracts deployed

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