Monero (XMR) is a privacy-focused cryptocurrency introduced in 2014, designed to enable secure and untraceable transactions. Unlike many digital assets, Monero utilizes advanced cryptographic techniques to obscure transaction details, including sender, receiver, and amount transferred. This privacy-centric approach seeks to protect users from external tracking while maintaining the fungibility of its tokens. Monero aims to provide decentralized, censorship-resistant digital payments that prioritize user anonymity.

Monero operates on a decentralized blockchain where transactions are validated using the Proof of Work (PoW) consensus mechanism. It enhances privacy through ring signatures, stealth addresses, and confidential transactions. Ring signatures obscure the sender by mixing their transaction with others, making it nearly impossible to trace. Stealth addresses ensure that a unique one-time address is generated for each transaction, preventing recipients from being identified. Confidential transactions hide the amount being transferred, ensuring complete financial privacy. These features collectively seek to make Monero transactions resistant to tracking and censorship.

Monero is primarily used for private and anonymous digital transactions. Its privacy features make it suitable for users who seek to prevent financial surveillance, whether for personal security, business confidentiality, or protection against fraud. Monero’s fungibility ensures that no transaction history is tied to specific coins, reducing the risk of blacklisting. It is also utilized in cross-border payments, e-commerce, and scenarios where financial privacy is a priority.

Monero was launched in 2014 as a fork of Bytecoin, a privacy-focused cryptocurrency. A developer known as "thankfulfortoday" initiated the fork after concerns about Bytecoin's supply distribution. Monero introduced enhancements to the CryptoNote protocol, improving security and decentralization. Over the years, hundreds of contributors have worked on Monero, refining its privacy mechanisms and network efficiency. The project continues to evolve, focusing on strengthening anonymity and improving transaction speed.

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The current market cap of Monero is $6.239B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Monero is $795.62. This all-time high is highest price paid for Monero since it was launched.

Over the last 24 hours, the trading volume of Monero is $88.651M.

Assets that have a similar market cap to Monero include Chainlink, Zcash, Bitcoin Cash, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Monero is 18 million.