In addition to facing criticisms, the advertisement also garnered favorable remarks. Co-founder of Kernel Edge, Hilmar Ingimundarson, expressed that the Algorand team made a wise decision in their marketing strategy. According to information from DefiLlama, the Algorand network currently has a total value locked of merely $96 million. When comparing this figure to Ethereum’s $65 billion and Solana’s $4.8 billion, it becomes evident that Algorand’s amount is considerably low. Algorand’s action brings to mind the image of a cat daring to challenge a lion, or a mouse daring to challenge a cat.
Algorand Foundation Releases Advertisement Criticizing Prominent Cryptocurrency Networks
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