Monero (XMR) trades, per CoinGecko, at $406.93 with a market capitalization of $7,503,236,513 and a circulating supply of 18,446,744 XMR, ranking #18 by total cryptocurrency capitalization on May 21, 2026. The protocol’s on-chain figures and its regulatory standing pull in opposite directions.
Roughly 9.1 million transactions settled on the Monero network over the trailing year, per LocalMonero, even as EU Regulation 2024/1624 Article 79 prohibits credit institutions, financial institutions, and crypto-asset service providers from keeping anonymous crypto-asset accounts, including through anonymity-enhancing coins. That dichotomy frames every number below.
Key Takeaways
- Monero’s market capitalization sits at $7,503,236,513 with a circulating supply of 18,446,744 XMR and a rank of #18 across the global cryptocurrency market.
- The getmonero.org documentation records that the main emission completed at approximately 18.132 million coins by the end of May 2022, after which the tail emission of 0.6 XMR per roughly 2-minute block kicked in, translating to under 1% inflation that trends toward zero.
- LocalMonero reports approximately 9,110,402 transactions on Monero over the past year, with daily transactions averaging 29,677 and 43.39 transactions per block on the most recent day.
- The European Parliament and the Council of the European Union adopted Regulation (EU) 2024/1624 on 31 May 2024, with Article 79 explicitly prohibiting CASPs from custodying anonymity-enhancing coins across all 27 Member States.
- According to CoinGecko, XMR reached an all-time high of $797.73 on January 14, 2026, roughly four months before this snapshot.
- The getmonero.org project documents that Monero launched in April 2014 as a fair pre-announced release of the CryptoNote reference code, with no premine, no instamine, and no developer block-reward allocation.
- Tail emission compounds to roughly 157,680 XMR per year, holding under 1% of the current 18,446,744 supply and trending toward zero as the denominator grows.
Editor’s Choice
- The largest single 24-hour price point on record for XMR, according to CoinGecko, is the all-time high of $797.73 reached on January 14, 2026, a level revisited within four months of this refresh.
- The lowest recorded XMR price is the all-time low of $0.2162 on January 14, 2015, a roughly 11-year datapoint that anchors any long-window return calculation.
- According to CoinGecko, trailing-24-hour XMR trading volume reached $153,315,206 across 20 exchanges and 49 markets under its volume-weighted aggregation.
- According to getmonero.org documentation, a new block is created every approximately 2 minutes with a tail emission of 0.6 XMR per block, the only fixed-rate perpetual block reward among top-20 cryptocurrencies.
- LocalMonero block explorer logged 43.39 daily transactions per block for the trailing day versus 34.72 for the trailing year, with 4.09% empty blocks on the most recent day.
- The CoinGecko-aggregated XMR 7-day price range was $376.38 to $407.19, a tight band against the historical volatility profile.
Recent Developments
- May 21, 2026: CoinGecko logged the XMR price snapshot at $406.93 with a 24-hour move of +3.8% and a 24-hour trading volume of $153,315,206 across its aggregated venue set.
- May 2026: CoinGecko categorizes Monero as a Smart Contract Platform, Privacy Coins, Layer 1 (L1), Proof of Work (PoW), with a current market rank of #18.
- January 14, 2026, CoinGecko recorded the XMR all-time high of $797.73, roughly four months before this refresh, moving the asset back into a price-discovery window not seen since 2021.
- May 2026: LocalMonero reported a Monero network average of 37.48 transactions per block over the trailing month, with 5.56% empty blocks and 809,427 total transactions, a sustained activity profile across the most recent monthly window.
- 31 May 2024: Regulation (EU) 2024/1624 of the European Parliament and of the Council was adopted, with Article 79 prohibiting anonymous crypto-asset accounts and the anonymisation or increased obfuscation of transactions through anonymity-enhancing coins, with the application date set per the AMLR’s transitional articles.
Monero Market Capitalization and Price Statistics
- XMR trades at $406.93 with a 24-hour change of +3.8% under CoinGecko’s volume-weighted aggregation.
- Total market capitalization sits at $7,503,236,513 with a fully diluted valuation also at $7,503,236,513 (Market Cap / FDV ratio of 1.0), reflecting an emission schedule with no off-supply allocations.
- The asset ranks #18 by total cryptocurrency market capitalization across all coins indexed by CoinGecko.
- Trailing-24-hour trading volume was $153,315,206, computed across the venue set that still lists XMR.
- The XMR-denominated BTC price stands at 0.005220 BTC, up 2.0% in 24 hours.
- The 7-day intraday range spanned $376.38 to $407.19, with the 24-hour range from $390.51 to $408.76.
| XMR Headline Market Metrics | Value | Date |
| Price | $406.93 | 2026-05-21 |
| Market Capitalization | $7,503,236,513 | 2026-05-21 |
| Fully Diluted Valuation | $7,503,236,513 | 2026-05-21 |
| 24-hour Trading Volume | $153,315,206 | 2026-05-21 |
| 24-hour Range | $390.51 to $408.76 | 2026-05-21 |
| 7-day Range | $376.38 to $407.19 | 2026-05-21 |
| All-Time High | $797.73 | 2026-01-14 |
| All-Time Low | $0.2162 | 2015-01-14 |
| Market Rank | #18 | 2026-05-21 |
Source: CoinGecko, May 21, 2026
By the numbers: Monero’s market capitalization reached $7,503,236,513 at a price of $406.93 per XMR, with $153,315,206 in 24-hour trading volume aggregated across 20 exchanges and 49 markets. The figure sits within striking distance of the January all-time high, suggesting the venue-access pressure has not yet translated into a sustained valuation discount.
Monero Circulating Supply and Tail Emission
- The current circulating supply is 18,446,744 XMR with a total supply of 18,446,744 and a maximum supply of infinity, reflecting the protocol’s perpetual tail-emission design.
- The main emission curve completed at approximately 18.132 million coins by the end of May 2022, delivered through standard block subsidies before tail emission engaged.
- Tail emission runs at 0.6 XMR per approximately 2-minute block, translating to less than 1% inflation, with the percentage trending toward zero over time.
- Monero launched on a fair pre-announced release of the CryptoNote reference code in April 2014, with no premine, no instamine, and no portion of block reward routed to development.
- Annualized tail emission compounds to roughly 157,680 XMR per year (0.6 XMR multiplied by 525,600 minutes per year divided by 2 minutes per block).
- Against the current 18,446,744 supply, 157,680 XMR per year holds well under 1% inflation, trending lower each year.
- No other top-20 cryptocurrency shares this property; the curve flattens against a fixed, nonzero floor rather than against zero.
| Monero Supply and Emission Parameters | Value | Source Date |
| Circulating Supply | 18,446,744 XMR | 2026-05-21 |
| Total Supply | 18,446,744 XMR | 2026-05-21 |
| Maximum Supply | infinity | 2026-05-21 |
| Main Emission Completion | ~18.132 million XMR | End of May 2022 |
| Tail Emission Rate | 0.6 XMR per block | Post-May 2022 |
| Block Time | ~2 minutes | Protocol parameter |
| Annualized Tail Emission (derived) | ~157,680 XMR | Per year |
| Current Tail Inflation Rate (derived) | ~0.855% | Per year |
Sources: CoinGecko (circulating supply); getmonero.org (emission curve and block time); derived metrics from protocol parameters
What is the maximum supply of Monero?
Monero has no fixed maximum supply. The protocol replaced the traditional supply cap with a perpetual tail emission of 0.6 XMR per approximately 2-minute block after the main emission curve completed at roughly 18.132 million XMR by the end of May 2022, delivering under 1% annual inflation that trends toward zero as the circulating supply grows. The current circulating figure is 18,446,744 XMR.
Monero Network Hashrate and RandomX Mining Statistics
- Monero uses RandomX, an ASIC-resistant and CPU-friendly proof-of-work algorithm created by Monero community members, designed to make the use of mining-specific hardware unfeasible.
- The protocol migrated from CryptoNight and its variations to RandomX, a transition that re-anchored the mining base to general-purpose processors.
- New blocks are produced every approximately 2 minutes with no maximum block size; the chain instead enforces a block reward penalty and a dynamic block size for scalability.
- The current daily transactions-per-block average is 43.39 with 4.09% empty blocks, a load profile consistent with sustained hashrate participation.
- ASIC-resistance is the design lever; CPU mining is the prioritized outcome.
| Monero Mining Protocol Parameters | Value | Source |
| Proof-of-Work Algorithm | RandomX | getmonero.org |
| Prior Algorithm | CryptoNight (and variations) | getmonero.org |
| Mining Hardware Target | CPU (ASIC-resistant) | getmonero.org |
| Block Interval | ~2 minutes | getmonero.org |
| Block Size | Dynamic (penalty-bounded) | getmonero.org |
| Tail Emission | 0.6 XMR per block | getmonero.org |
Source: getmonero.org/resources/about/, May 21, 2026
How does RandomX mining work?
RandomX is a CPU-optimised proof-of-work algorithm. The protocol uses RandomX, an ASIC-resistant and CPU-friendly POW algorithm created by Monero community members, designed to make the use of mining-specific hardware unfeasible. By rotating randomly generated programs against general-purpose CPU instruction sets, the algorithm denies specialized hardware a sustainable yield advantage. The previous algorithm, CryptoNight and its variations, was retired in the same transition.
Monero Transaction Volume and On-Chain Activity
- The trailing day saw 29,677 total transactions at 43.39 transactions per block with 4.09% empty blocks (coinbase excluded).
- Over the trailing week, 190,107 transactions settled at 37.82 per block with 6.33% empty blocks.
- The trailing month logged 809,427 transactions at 37.48 per block with 5.56% empty blocks.
- The trailing year reached 9,110,402 transactions at 34.72 per block with 4.73% empty blocks.
- Recent on-chain demand runs roughly 25% above the trailing-12-month average per block.
Monero Exchange Delistings and Trading Venue Coverage
- CoinGecko’s aggregate venue set for XMR currently spans 20 exchanges and 49 markets under its global volume-weighted price formula.
- 24-hour traded volume across that venue set reached $153,315,206, aggregated from exchanges that still list XMR.
- The CoinGecko classification confirms Monero is still indexed under the Privacy Coins category alongside its Smart Contract Platform, Layer 1, and Proof of Work tags.
- The EU regulatory backdrop is set by Article 79 of Regulation (EU) 2024/1624, which prohibits credit institutions, financial institutions, and crypto-asset service providers from keeping anonymous crypto-asset accounts as well as any account otherwise allowing for the anonymisation of the customer account holder or the anonymisation or increased obfuscation of transactions, including through anonymity-enhancing coins.
- The 20-exchange aggregate is the crypto exchange market data that buyers can reach today.
Why it matters: EU Regulation 2024/1624 Article 79 prohibits crypto-asset service providers from custodying anonymity-enhancing coins, adopted by the European Parliament and the Council on 31 May 2024. The application date set by the AMLR’s transitional articles is the cliff every EU-licensed venue is now planning against.
EU AMLR Article 79 and Global Regulatory Treatment of Monero
- The EU defines anonymity-enhancing coins in Article 2, point 25 of Regulation (EU) 2024/1624 as crypto-assets that have built-in features designed to make crypto-asset transfer information anonymous, either systematically or optionally.
- The Article 79 prohibition applies to credit institutions, financial institutions, and crypto-asset service providers across all EU Member States.
- The regulation’s stated rationale is in Recital 160, which states that the anonymity of crypto-assets exposes them to risks of misuse for criminal purposes and that effective application of AML/CFT requirements requires the prohibition of anonymous crypto-asset accounts or accounts allowing for the anonymisation or increased obfuscation of transactions by crypto-asset service providers, including through anonymity-enhancing coins.
- The regulation was adopted on 31 May 2024 by the European Parliament and the Council and published in the Official Journal of the European Union.
- The covered scope sits in Chapter VIII of the regulation, titled “MEASURES TO MITIGATE RISKS DERIVING FROM ANONYMOUS INSTRUMENTS”.
- The cap-table dichotomy lands here. On-chain activity for institutional investors and retail users continued at roughly 9.1 million transactions over the trailing year, while the regulation removes one specific surface, custodial CASPs in the EU, from the legal pathway to access.
| EU AMLR Article 79 Reference Map | Value | Source |
| Regulation | (EU) 2024/1624 | EUR-Lex |
| Adoption Date | 31 May 2024 | EUR-Lex |
| Application Date | per AMLR transitional articles | EUR-Lex |
| Definition (Article 2 point 25) | Anonymity-enhancing coins | EUR-Lex |
| Prohibition (Article 79) | Anonymous crypto-asset accounts | EUR-Lex |
| Rationale (Recital 160) | AML/CFT effective application | EUR-Lex |
| Jurisdiction | EU 27 Member States | EUR-Lex |
Source: EUR-Lex, Regulation (EU) 2024/1624, May 21, 2026
Is Monero banned in the United States?
No U.S. federal statute prohibits Monero ownership or trading by U.S. persons as of this refresh date. The EU framework is distinct from the U.S. position. Regulation (EU) 2024/1624 Article 79 binds credit institutions, financial institutions, and crypto-asset service providers in the EU. U.S. exchanges have made their own listing decisions independently of EU rules, per SEC crypto enforcement data, and U.S. holders should consult counsel for their specific situation.
Why was Monero delisted from Binance?
Exchange delisting decisions are typically framed by the venue itself rather than by a single regulator. The EU’s framework provides the structural context: Article 79 of Regulation (EU) 2024/1624 prohibits crypto-asset service providers from keeping accounts allowing for the anonymisation or increased obfuscation of transactions, including through anonymity-enhancing coins. Each venue’s own announcement carries the operative reasoning, and the EU regime does not apply outside the EU 27 Member States.
Monero Privacy Technology Statistics
- The protocol’s main privacy-enhancing technology stack is RingCT, Stealth Addresses, ring signatures, Transactions over Tor/I2P, and Dandelion++, applied by default on every transaction.
- The protocol’s decentralization commitment surfaces in the design choice to make the use of mining-specific hardware unfeasible through ASIC-resistant RandomX, pairing transaction privacy with infrastructure dispersion.
- Block dynamics that affect privacy-set composition are a new block every approximately 2 minutes with no maximum block size; instead, a block reward penalty and a dynamic block size ensure dynamic scalability.
- Whether each component is currently sufficient against attack is a separate question answered in the Monero Research Lab’s own publications.
| Monero Privacy Technology Stack | Function | Source |
| RingCT | Hides transaction amounts | getmonero.org |
| Stealth Addresses | One-time recipient addresses | getmonero.org |
| Ring Signatures | Obscures input origin | getmonero.org |
| Transactions over Tor/I2P | Network-layer privacy | getmonero.org |
| Dandelion++ | Transaction relay privacy | getmonero.org |
| RandomX | ASIC-resistant CPU mining | getmonero.org |
Source: getmonero.org/resources/about/, May 21, 2026
Is Monero traceable?
The Monero Research Lab itself has documented research on this question. The protocol’s Uniformly Most Powerful Tests for Ad Hoc Transactions paper introduces a general, low-cost, low-power statistical test for transactions in transaction protocols with small anonymity set authentication, and describes a maximum-likelihood de-anonymization attack on Monero based on that test. The default-on stack of RingCT, stealth addresses, ring signatures, transactions over Tor/I2P, and Dandelion++ is the protective surface; the lab’s own publications are the audit trail readers can verify directly.
Monero Research Lab Output and Cryptographic Audit Activity
- The Monero Research Lab is the protocol’s research arm, committed to making a fungible currency and to continued research into financial privacy as it involves cryptocurrencies.
- The lab’s UMP test paper classifies transactions as ad hoc (spontaneously constructed to spend a deterministically selected key) or self-churned and describes a maximum-likelihood de-anonymization attack.
- The Triptych construction is published as IACR 2020/018, titled “Triptych: logarithmic-sized linkable ring signatures with applications” in the IACR ePrint Archive.
- The Arcturus paper is published as IACR 2020/312, titled “Arcturus: efficient proofs for confidential transactions,” and has been retracted, though prior versions remain accessible via the All versions link on the IACR ePrint Archive.
- The lab funds its own attack research, publishes the construction proposals, and flags retractions in place.
| Monero Research Lab Cryptographic Publications | IACR ID | Topic |
| Triptych | 2020/018 | Logarithmic-sized linkable ring signatures |
| Arcturus (retracted) | 2020/312 | Efficient proofs for confidential transactions |
| Uniformly Most Powerful Tests | N/A | Statistical test for ad-hoc TPSASA transactions |
Source: getmonero.org/resources/research-lab/, May 21, 2026
Key finding: Papers Written by MRL Researchers include a maximum-likelihood de-anonymization attack on Monero based on a low-cost, low-power statistical test for transactions in transaction protocols with small anonymity set authentication. Transparency on the limits of a privacy stack is rare among cryptocurrency projects; treating the lab’s catalog as the audit trail is the editorially honest read.
Monero Adoption and Wallet Ecosystem Statistics
- The protocol surface for end users sits across the official Monero GUI and CLI distributed at getmonero.org, plus community-built wallets including Cake Wallet and Monerujo for mobile.
- CoinGecko’s category indexing places Monero in the Smart Contract Platform, Privacy Coins, Layer 1 (L1), and Proof of Work (PoW) categories.
- The asset trades against fiat and BTC pairs at 0.005220 BTC, up 2.0% in 24 hours, with the price feed aggregated across the venues that still list XMR.
- The trailing-year on-chain activity baseline of 9,110,402 transactions reflects ongoing wallet usage at the protocol layer regardless of venue-side delistings.
- Wallet ecosystem counts are the demand-side reading per self-custody wallet data; on-chain activity is the supply-side confirmation.
| Monero Adoption Signal Summary | Value | Source |
| Trailing-year on-chain transactions | 9,110,402 | LocalMonero |
| Daily transactions (recent) | 29,677 | LocalMonero |
| Current price per XMR | $406.93 | CoinGecko |
| XMR / BTC ratio | 0.005220 BTC | CoinGecko |
| CoinGecko categories | Smart Contract Platform; Privacy Coins; L1; PoW | CoinGecko |
Sources: LocalMonero block explorer (on-chain activity); CoinGecko (price and category metadata)
Conclusion
The asset trades at $406.93 with a market capitalization of $7,503,236,513 and a circulating supply of 18,446,744 XMR at rank #18, while the protocol settled approximately 9,110,402 transactions over the trailing year. The supply curve compounds at the tail rate of 0.6 XMR per block, translating to less than 1% inflation trending toward zero.
The regulatory backdrop is the variable to track. Regulation (EU) 2024/1624 Article 79 prohibits crypto-asset service providers from keeping anonymous crypto-asset accounts or accounts allowing for the anonymisation or increased obfuscation of transactions through anonymity-enhancing coins. Compliance officers, privacy-coin researchers, and retail holders evaluating venue access can read the on-chain baseline as the constant against which the next refresh will measure venue-side change.