Monero

Monero is a layer-1 proof-of-work blockchain whose native token, XMR, is designed to function as a medium of exchange with built-in financial privacy. It was launched on 18 April 2014 and addresses the concern that most public blockchains expose sender addresses, recipient addresses, and transaction amounts to anyone who looks. Monero claims to solve this for individuals who want their payment history to remain confidential by default rather than by choice.

Monero uses the RandomX proof-of-work algorithm, which is tuned to run efficiently on general-purpose CPUs rather than specialised mining hardware, and produces a new block roughly every 2 minutes. Transactions are settled on-chain using a combination of ring signatures, stealth addresses, and confidential transaction amounts, which together obscure the parties and value involved without requiring a separate privacy layer. XMR is the unit used to pay transaction fees to miners and to transfer value between participants.

The data stored for Monero does not include a protocol-level fee revenue figure or a breakdown of fee recipients beyond the standard miner reward model, so fee-based metrics common on this site are not available for this asset. Monero has no maximum supply cap, and 99.99986 percent of its supply is already in circulation at the point-in-time reading, meaning the issuance schedule has moved well past its early high-emission phase into a perpetual tail-emission model. The fully diluted valuation-to-market-cap ratio is effectively 1.000001, consistent with virtually all scheduled supply being live. The dilution overhang stands at 0.000051 percent of circulating supply at the point-in-time reading, indicating that the volume of supply yet to be issued is negligible relative to what already exists.