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Wrapped ALGO Price
XALGO
How Much is 1 Wrapped ALGO (XALGO)
Convert XALGO to your currency
Last Updated on Jan 12, 2026 05:32 AM
What is Wrapped ALGO?
About the coin
Wrapped ALGO (xALGO) is a token that represents ALGO on the Solana blockchain. It is fully collateralized, meaning that each xALGO token is backed by an equivalent amount of ALGO. This token is part of the Glitter Finance ecosystem, which aims to enhance cross-chain interactions.
Main features
The main feature of Wrapped ALGO is its ability to facilitate cross-chain interactions between supported blockchains. This is achieved through Glitter Finance's advanced cross-chain bridge, which allows users to move assets seamlessly across different networks. Additionally, Wrapped ALGO supports multi-chain profit optimization by enabling the redeployment of assets on integrated yield farms.
How it works
Wrapped ALGO works by locking ALGO tokens on the Algorand blockchain and issuing an equivalent amount of xALGO tokens on the Solana blockchain. This process ensures that the xALGO tokens are fully collateralized. Users can then use these tokens within the Solana ecosystem, taking advantage of its speed and low transaction costs. When users wish to convert back to ALGO, the xALGO tokens are burned, and the equivalent amount of ALGO is released back to the user.
Wallet for Wrapped ALGO
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Tangem supports networks for Wrapped ALGO
- Solana
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Wrapped ALGO FAQ
- Wrapped ALGO is a crypto asset running on its own blockchain. It supports peer-to-peer transactions and offers features shaped by the project’s technical framework.
- Wrapped ALGO offers efficient transactions, strong network security, and support for decentralized applications. Its design aims to provide a reliable user experience.
- Yes, both names point to the same token. XALGO is just the shorthand symbol used for market and wallet displays.
- You can buy Wrapped ALGO using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- For long-term safety, move Wrapped ALGO to a hardware wallet like Tangem, which protects your keys from remote access and malware.
- Algorand (ALGO) isa cryptocurrency and blockchain platform designed to create a secure and scalable network for processing transactions and executing smart contracts.
- Algo can be used tosend and receive funds quickly and efficiently, purchase goods and services, participate in DeFi, become an Algorand Governor, and secure consensus among participation nodes.
- Wrapped Bitcoin (WBTC) is an ERC-20 token representing Bitcoin on the Ethereum network. Users can swap it 1:1 for BTC. Bitcoin has established itself as the world's largest cryptocurrency by market capitalization. WBTC tokens allow holders to participate and provide liquidity to Ethereum's thriving DeFi ecosystem.
- Algorand (algo) is a cryptocurrency that is an autonomous, distributed network of blockchains.
How to secure Wrapped ALGO with Tangem Wallet?
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Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
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Why choose Wrapped ALGO wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
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