what's monero?
Monero (XMR) is a decentralized, open-source cryptocurrency launched in 2014, designed to provide secure, private, and untraceable transactions as an alternative to more transparent cryptocurrencies like Bitcoin. Its primary purpose is to ensure user privacy and fungibility, making it difficult for third parties to trace transaction details, sender/receiver identities, or amounts involved. Key features include ring signatures for obfuscating the source of funds, stealth addresses to hide recipient identities, and Ring Confidential Transactions (RingCT) to conceal transaction amounts, all enabled by default for every user. Monero uses a proof-of-work consensus mechanism with the RandomX algorithm, which is ASIC-resistant to promote decentralized mining and accessibility. The project emphasizes financial privacy for everyday use, protecting against surveillance while supporting optional transparency tools like view keys for auditing when needed.
Monero sees a fundraiser for Bulletproofs efficiency, plus new cross-chain swaps and payment channels.
Added Monero support to Unstoppable Version 0.47 for Android with strengthened privacy features and no KYC requirement.
appears among top daily gainers in crypto markets on 2026-02-09
Privacy coin users remained committed during the February 2026 market crash, with the community demonstrating resilience.
Experienced a -35.3% crash followed by a +12.8% recovery as of February 2026, with 345 million social interactions recorded during the crash period.
MAGIC Monero Fund launched fundraiser for Bulletproofs efficiency, led by Dr. Nan Wang and Dr. Dongxi Liu from Australia's CSIRO, currently at 27% of goal.
Was delisted from Upbit around 2019 due to AML concerns and risks associated with anonymity features.
FerrySwap, a Monero-first swap interface built on Serai for direct cross-chain swaps without centralized bridges or custody, is launching soon.
Grease, a proof-of-concept payment channel system using ZK-rollup chain for off-chain state management, will enable payment channels for Monero.
Reached 1,456,789 wallet addresses on the Monero network.
Included in a 2026 crypto narratives tier list under "A TIER - High Conviction" within the Privacy category alongside Zcash, Anoma, and RailGun, with the thesis that lack of native privacy is blocking institutional adoption.
India's Financial Intelligence Unit orders registered crypto exchanges to immediately suspend deposits, withdrawals, and trading as part of an AML crackdown.
A whale opened a $270,000 short position on XMR.
Positioned as a core privacy-focused cryptocurrency with censorship resistance and real-world usage, but characterized as unfriendly to institutional adoption.
Perpetual futures contracts with up to 50x leverage became available for trading on Grvt exchange.
Exhibits potential wash trading patterns on HyperCore, with top wallets trading against the same counterparties at predictable intervals and approximately $35.4k USDC spent to generate $37.7M in volume over 7 days between January 10-17, 2026.
Conference MoneroKon 2026 scheduled to take place from June 5-7, 2026 in Warsaw, Poland.
Used as a mixing layer to obscure $282M in stolen BTC and LTC from a hardware wallet social engineering attack.
Integrated into Infinex platform with leverage trading up to 5x available, with Infinex now live on Mantle.
Ranks as the top trending coin on CoinGecko for the week ending January 16, 2026.
HTX exchange is hosting a spot trading contest for XMR, DASH, and ZEC with a $40,000 prize pool, ending on January 21st, 2026.
Experienced a large sell-off of approximately $300M worth of XMR attributed to a Russian hacker, contributing to a 7% decline from all-time high.
Reached $800 price level and approximately $15 billion market capitalization, approaching Cardano's market cap.
Ranked as the most searched coin on CoinGecko in a 3-hour period on January 14, 2026.
Integrated with PinLink's tokenization system to represent Antminer X9 mining machines as on-chain assets on Ethereum, enabling tokenized exposure to Monero mining.
Reached an all-time high XMR/ETH ratio of 0.22 on January 13, 2026.
Reached $150 million in total open interest denominated in USD, marking the highest level ever.
Banned in Dubai alongside other privacy tokens.
Hits all-time high price level.
Will support merge-mining with DarkFi, allowing miners to simultaneously mine both networks.
Published the 85th issue of The Monero Moon newsletter.
Released v0.18.4.4 Fluorine Fermi as a recommended update, fixing a Ledger wallet issue, improving wallet scanning accuracy for spend detection, refining daemon sync behavior, and upgrading GUI P2Pool integration.
Accounted for approximately 52% of all payments on NanoGPT in November and was the most used currency on ShopInBit, while RetoSwap recorded over 122,000 XMR in peer-to-peer volume in a record-breaking month.
Featured in a MoneroTalk interview on December 18, 2025.
Hosts a meetup event in New York City on December 19, 2025.
MyMonero wallet service sunsets on January 6th, 2026, requiring users to transfer funds to alternative wallets.
CME launched spot-quoted futures contracts for trading.
XMR surpasses ZEC in market capitalization.
Mute Swap will launch Monero tunnels at the start of 2026, enabling swaps from over 70 chains through XMR.
Justin Berman proposes full-time development work focused on completing Full-Chain Membership Proofs (FCMP++) integration into the codebase and launching beta stressnet.
XMR has cleared most short positions and now faces a concentration of long positions vulnerable to liquidation.
MAGIC Monero Fund starts second fundraiser for fuzzing harness development and code coverage improvements with AdaLogics.
Mute Swap integrates Monero's privacy features (ring signatures, stealth addresses, RingCT) with off-chain liquidity providers including Godex and Bisq for low-slippage cross-chain trades.
The previously announced Monero job board platform progresses with positive initial feedback and will operate with 0% fees for both freelancers and hiring companies.
A quantum computing vulnerability concern emerges claiming Monero's cryptographic scheme will enable retroactive deanonymization of transactions through "harvest now, decrypt later" attacks when quantum computers arrive, while competitor Zcash's Tachyon reportedly protects against this threat.
An upcoming protocol upgrade called FCMP++ is planned to enhance privacy features.
New research paper documents Qubic's selfish mining campaign with hashrate ranging 23-34% across ten detected intervals, but confirms no sustained 51% control was achieved and no actual 51% attack occurred.
A developer announces plans to build a job board exclusively for XMR payments, seeking companies and projects willing to pay salaries in Monero.
A self-described lifelong XMR holder now buys and trades ZEC instead, citing ZEC's ETF, mainstream appeal to wealthy investors, and Silicon Valley mindshare as reasons for the switch.
Monero listed among 17 privacy protocol contenders in a community ranking competition where participants can earn rewards based on voting outcomes.
Monero now listed on Hyperliquid decentralized perpetual futures exchange.
Privacy coin sector experiences broad weakness with XMR down 4%, outperforming peers ZEC (-25%) and DASH (-15%), as 93 of 104 privacy coins trade in the red according to CryptoRank.
Santiment ranks Monero 6th in development activity among privacy coin projects based on github data, showing improved positioning with an upward directional indicator.
XMR listed as 5th highest daily gainer on 1/12/25 per CoinMarketCap.
Monero flips Zcash in market cap ranking.
Monero currently trades at a higher price than Zcash amid governance FUD affecting Zcash, with traders viewing this relative valuation as a potential arbitrage opportunity.
Mute_swap implements direct XMR tech for AI agents and fills staking pool in under 24 hours, with new site incoming featuring cheaper Whisper Mode fees.
Anon (perfect-daemon) proposes full-time development work focused on optimizing the daemon (monerod) software and completing FCMP++ integration into the codebase.
XMR surges 23% driven by futures speculation while the broader privacy coin sector drops 40% for the week, making XMR a major outlier in the negative sector performance.
Grayscale files for the first ever Zcash ETF, marking the first ETF filing for a privacy coin and affecting the broader privacy coin sector competition. XMR continues to appear among top gainers with double-digit weekly price movements occurring between privacy coins.
Jeffro256 proposes full-time development work focusing on CARROT and Full-Chain Membership Proofs (FCMP++) integration into the codebase and launching beta stressnet.
XMR ranks #7 among only 8 top 100 coins that outperformed tokenized gold over the last 90 days with +45.67% gains and is listed among today's top gainers.
MagicGrants completes 100% fuzzing coverage for Node RPC Endpoints through community-funded development work, marking a protocol security testing milestone.
XMR surpasses $400 resistance level. OKX exchange lists Zcash (ZEC) for spot trading on November 24, 2025, after delisting XMR, ZEC, and DASH between January 4-5, 2024.
XMR experiences 9% price rally today.
Zcash maintains $2B market cap advantage over XMR despite 20% pullback and debates shift from PoW to PoS consensus mechanism, with ZEC reaching $11B+ market cap at peak after +1,500% rally since October.
Privacy mixer MUTE plans to integrate XMR technology soon, and XMR whales reportedly position into MUTE in anticipation.
Kardex launches no-KYC card service that accepts XMR and ZEC for card top-ups.
Monero works on implementing zero-knowledge proof (zkp) technology, similar to what Zcash uses.
Analysis of over 36,000 social posts reveals privacy coins capture 45% mindshare as growing concerns about surveillance and financial privacy drive increased interest in the sector this week.
Zcash temporarily flips Monero in market cap ranking despite historically trading at 1/10th of Monero's market cap and being the #2 privacy coin for many years.
Fungerbilxmr, a bridge connecting Monero to Solana DeFi, wins honorable mention at Arcium's encrypted hackathon out of 129 privacy-focused projects.
In the past week, XMR achieves +5% gain as one of only three major coins posting positive returns while the broader crypto market falls -13.5%.
Mute_swap announces it will provide a privacy layer for AI Agents through Monero, creating an ecosystem where agents can transact, communicate, and carry out services with integrated privacy features.
XMR records +36% gain over 30 days, ranking in top 5 performers alongside other privacy coins during broader market downturn. Traders accumulate positions targeting $1,000 price level.
XMR posts +195% gains over one year with the privacy sector returning 7x Bitcoin's performance, and recovers faster than other assets following recent market correction.
Trader identifies an 8-year ascending triangle formation with $500 as the key breakout level for potential major price movement similar to 2017.
A 51% attack occurred on the network recently as POW mining power declined.
XMR's annual inflation rate currently stands at 0.8%, matching Bitcoin's inflation rate.
Aggressive buying absorbs the dip this week as price targets a weekly close above final major resistance level at $422.
Kraken is identified as the only US vector for purchasing XMR, representing the sole remaining US exchange access point for the asset.
XMR ranks among LunarCrush AltRank top performers as the privacy sector shows strong outperformance based on combined social buzz and market performance metrics.
XMR is 29% down from all-time high, placing it among the strongest performers compared to major altcoins, while Zcash claims to have flipped Monero in transaction volume after breaking chain records.
XMR shows +62.31% performance over the last 90 days, placing it 7th among top performing cryptocurrencies.
EU plans to fully ban private coins including XMR by 2027 as major centralized exchanges announce ongoing delistings.
73 exchanges delisted XMR this year, while demand reaches highest level since 2018.
XMR appears among top daily gainers in the crypto market. (1988574625760948239)
Mute Swap appoints new ambassador to facilitate Monero ecosystem partnerships as the platform builds cross-chain swap infrastructure for XMR.
Privacy protocol Fog Swap integrates Monero as a routing option for untraceable token swaps across 115+ blockchains, utilizing ring signatures with 11-member rings and stealth addresses for maximum privacy.
XMR listed on Lighter trading platform.
XMR drops 20% with traders noting the privacy coin narrative has ended after 4 weeks of attention.
Direct payment acceptance launches at 134 SPAR retail locations in Switzerland through Cake Wallet integration.
XMR ranks #2 in privacy coin mindshare over the last 30 days with ZEC taking 60%, followed by NEAR, STRK, and DASH according to KaitoAI data.
Mute Swap ($8.9m mcap), an AI Agent in the Virtuals ecosystem that enables multi-chain swaps across 70+ blockchains, builds additional privacy layer with Monero to enable AI agents to perform private microtransactions and swaps.
XMR ranks #1 on LunarCrush AltRank, which measures combined social activity and market performance across thousands of coins.
XMR liquidity surges and its pump is characterized as beta to ZEC's earlier pump, with both privacy coins gaining traction despite usability challenges.
XMR breaks all-time high, though trader expresses concern about potential double top formation and failure to sustain the breakout pump.
Kardex announces support for XMR and ZEC.
Claims of a Qubic 51% attack on the Monero network were false, as Qubic misrepresented data and no 51% attack occurred.
XMR futures and perpetual DEX trading go live on Gate with 50x leverage for XMR/USDT trading pair.
Price target circulates of 1 XMR reaching 0.1 BTC valuation.