Cosmos and Algorand are recognized as prominent Layer 1 platforms aiming to enhance blockchain interoperability. Their challenge remains in garnering broader audience engagement and ensuring consistent market growth.
Cosmos: Focused on Linking Blockchains
Founded in 2014 by Jae Kwon and Ethan Buchman, Cosmos aims to connect different blockchains. It raised $17 million in 2017 via an initial coin offering, and launched its mainnet, Cosmos Hub, in 2019. Cosmos received significant backing with $55 million from Paradigm in 2019 and $10 million from 1confirmation in 2020. By late 2024, its token ATOM had a staking rate between 54.1% and 65.71%, with a market capitalization ranging from $1.43 billion to $5.5 billion.
Algorand: Built for Speed and Decentralization
Founded by MIT Professor Silvio Micali in 2017, Algorand focuses on blockchain speed and reliability. Its mainnet and token ALGO launched in June 2019 with a starting price of $2.40. The Pure Proof-of-Stake system ensures fast transactions and decentralization. By June 2024, Algorand surpassed two billion transactions, with a record of 43 million on January 1, 2024. However, by March 2025, ALGO’s price dropped to $0.21, with a market cap of $1.84 billion.
BlockDAG: Key Aspects of Growth
BlockDAG has grown not just through updates but through tangible outcomes. Its $209.5 million presale reflects true success and trust. The project engaged over 800,000 users and 400,000 gamers actively participating in its development. Over 19 billion tokens have been sold, indicating growing interest and community support.
While Cosmos and Algorand continue their technical advancements, BlockDAG shows that the key to success lies in real achievements and community support, as evidenced by financial outcomes and active community engagement.
