![Algorand [ALGO] hits new ATH TVL and here's the why of it all](https://insights.cryptobasemarket.com/wp-content/uploads/2022/10/po-2022-10-18t075917630-210481.png)
Algorand [ALGO] reached a new All-Time High (ATH) as its DeFi Total Value Locked (TVL) hit $273.87 million. According to DeFi Llama, the overall DeFi TVL recovered on 17 October but may not contribute as much as ALGO to the $54 billion recovery.
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