{
  "url": "https://blockindex.ai/coin/xmr",
  "name": "Monero",
  "links": {
    "github": "https://github.com/monero-project/monero",
    "website": "https://www.getmonero.org/",
    "whitepaper": "https://www.getmonero.org/resources/research-lab/"
  },
  "dScore": 94,
  "market": {
    "priceUsd": 328.5216760447957,
    "marketCapUsd": 6165324648.136816,
    "volume24hUsd": 138722695.27386004,
    "priceChange7dPct": -14.47454112,
    "priceChange24hPct": -0.41759119
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 18766873.23151286,
    "circulatingPct": null
  },
  "ticker": "XMR",
  "founder": "Pseudonymous community contributors from the BitMonero/Bytecoin fork; notable early lead maintainer Riccardo Spagni (\"Fluffypony\")",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:26.308908+00:00",
  "fairLaunch": true,
  "launchYear": 2014,
  "description": "Monero (XMR) is a privacy-first, fungible, native Layer‑1 cryptocurrency that launched in April 2014 as a community-driven fork of earlier CryptoNote/Bytecoin code. From its inception Monero prioritized on‑chain privacy and censorship resistance by default, implementing privacy primitives such as ring signatures, stealth addresses, RingCT (confidential transactions) and later Bulletproofs to obscure sender, receiver and amounts. The project is open source and largely volunteer-led, supported by a mix of donations, community crowdfunding (Community Crowdfunding System, CCS) and ad‑hoc funding. Monero’s design decisions emphasize financial privacy, fungibility and resistance to surveillance, which has guided its engineering choices, research agenda and community culture.\n\nTechnically, Monero is a CryptoNote‑derived blockchain that uses a Proof‑of‑Work consensus. In November 2019 it adopted RandomX, a hashing algorithm intended to be ASIC‑resistant and favor commodity CPU mining to improve decentralization. The protocol has undergone repeated scheduled hard forks (roughly every six months) to incorporate privacy, performance and security upgrades; notable historical improvements include RingCT (2017) to hide monetary amounts, Bulletproofs (2018) to shrink range proofs and RandomX (2019) to reshape mining economics. The network also supports dynamic block sizes and uses atomic units (piconero) internally; Monero’s codebase, documentation and developer resources are hosted on GitHub and GetMonero.org, with an active Monero Research Lab contributing ongoing cryptographic research.\n\nIn terms of ecosystem and real‑world usage, Monero is primarily used for private, censorship‑resistant payments and as a store of value for users prioritizing fungibility. The project maintains a robust ecosystem of wallets (hardware, desktop and web clients), explorers, analytics coverage on CoinMarketCap and CoinGecko, and private BTC↔XMR swap services that emerged to improve on/off‑ramp privacy. While Monero enjoys significant market capitalization and liquidity on many centralized exchanges where permitted, privacy‑focused design choices have also prompted regional regulatory scrutiny and periodic delistings, which shape exchange availability in some jurisdictions. The community actively maintains light wallet options, public RPC endpoints and documentation to lower onboarding friction without requiring full node operation.\n\nMonero’s tokenomics are defined by an initial emission schedule that reaches roughly 18.4 million XMR and then transitions to a perpetual tail emission intended to keep mining incentives intact. There was no premine and no ICO—Monero is widely characterized as a fair launch Proof‑of‑Work coin. Governance is community and contributor‑driven, coordinated through developer discussions, Monero Research Lab publications and public review ahead of scheduled upgrades rather than through an on‑chain DAO or corporate governance body. Operational risks include occasional software bugs, wallet privacy vulnerabilities and mining centralization episodes (including a high‑hash/51% incident and a later deep reorg in 2025), but the project has an established practice of publishing postmortems and issuing recommended client updates to address critical issues.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "PoW",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 21,
    "nodeDistribution": 30,
    "initialDistribution": 25
  },
  "decentralizationVerdict": "Highly Decentralized"
}