Share this article
Algorand Aims to Help Developers Transition to Web3 With AlgoKit
The tool suite is designed to be an easy on-ramp for Web2 developers shifting to Web3 and developers from other chains who want to test out Algorand.
Updated Mar 29, 2023, 1:28 p.m. Published Mar 29, 2023, 11:00 a.m.
Make us preferred on Google
The Algorand Foundation, the company behind layer 1 blockchain Algorand’s (ALGO) ecosystem, has launched a developer tool suite – “AlgoKit” – to build Web3 applications on the protocol.
The suite was designed to be an easy on-ramp for Web 2 developers transitioning to Web 3, according to a press release. The product is also aimed at attracting developers from other chains who want to test out Algorand.
STORY CONTINUES BELOW
"It [AlgoKit] brings some of the most desirable Web2 UX features into the Algorand ecosystem, making it extremely easy to onboard and start building on blockchain quickly," said John Woods, chief technology officer, Algorand Foundation, in the statement.
Read more: Top 10 Challenges for Web2 Developers Entering Web3
AlgoKit grants users the ability to run, explore and interact with an isolated local Algorand network called "LocalNet," before deploying to mainnet. This is an important feature when building and launching Dapps, according to the press release.
"It's easy to install and setup and features a clean language with user-friendly design patterns, an integrated testing suite, best practices for security, and best practices for deployment pipelines," Woods said.
Initially, AlgoKit will focus on the smart-contract development experience and will potentially lead to full-stack development, the statement said. The tool will also offer templates for users to learn how to start building on Algorand, the statement added.
Algorand's total value locked (TVL) is about $139 million, ranking 18th amongst all chains, according to data from DeFiLlama.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Deus X CEO Tim Grant: We aren't replacing finance; we're integrating it
The Deus X CEO discussed his journey into digital assets, the company's infrastructure-led growth strategy, and why his Consensus Hong Kong panel promises "real talk only."
What to know:
- Tim Grant entered crypto in 2015 after early exposure to Ripple and Coinbase, drawn by blockchain’s ability to improve traditional finance rather than replace it.
- Deus X combines investing and operating to build regulated digital finance infrastructure across payments, prime services, and institutional DeFi.
- Grant will be speaking at Consensus Hong Kong in February.
Top Stories
