Algorand Alternatives: Similar L1 Protocols Compared

Algorand carries a risk grade of A- (15/100) and ranks #1 of 56 rated L1 protocols. Below are 55 L1 protocols ranked by safety — from safest to riskiest. Algorand is already the safest-rated option in this sector; the list below represents peers that carry more risk.

Current Protocol

L1

Risk

A-

Value

C-

TVL

$80M

Safety analysis →Investment analysis →

AlternativeRiskValueTVL

1

A-

A-

$62.0B

2

B+

C

$25M

3

B+

C+

—

4

B

A-

—

5

B

D+

—

6

B

C

—

7

B

C

$300M

8

B

C-

$138,000

9

B

C

—

10

B

C-

$15M

11

B

C+

$334M

12

B-

C

$300M

13

B-

D

—

14

B-

C+

$5.1B

15

B-

D+

—

16

B-

D

$102M

17

B-

C-

—

18

B-

C

$134M

19

B-

D

—

20

B-

C-

—

21

B-

D+

$50M

22

B-

C-

$37M

23

B-

C

$1.3B

24

B-

D

$30M

25

Particle Network

B-

C

$50M

26

B-

D-

—

27

B-

C

$1.0B

28

B-

C-

—

29

B-

C+

$165M

30

Ethereum Classic

B-

C

—

31

B-

B-

$8.0B

32

C+

D

$60M

33

Internet Computer

C+

C-

$69M

34

C+

D-

$10M

35

C+

D+

$49M

36

C+

C-

$300M

37

C+

C-

$8M

38

C+

C-

$85M

39

C+

C+

$5.0B

40

C+

D

$89M

41

C+

C+

$563M

42

C

B-

—

43

C

F

$4M

44

C

D+

$288M

45

C

D

$125M

46

C

C

$5M

47

C

C+

$65M

48

C

C

$25M

49

C

C

—

50

C

C+

$72M

51

C-

D

$5M

52

C-

C+

$85M

53

D+

B-

—

54

D+

D

$7,000

55

D+

D+

$557M

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