1/ I’ve finally been able to put together a new blog post to celebrate the growth in #Monero in the past year:
sethsimmons.me/posts/this-yea…
Take a look below for some highlights, and at the full post for all the awesome details (and charts!).
sethsimmons.me/posts/this-yea…
Take a look below for some highlights, and at the full post for all the awesome details (and charts!).
2/ One of the most important ways we can deduce what has been happening in Monero is to look at the (thankfully, sparse) blockchain data available publicly.
Let’s start diving into the data:
Let’s start diving into the data:
3/ Transactions:
Monero went from ~10,000TX per day to ~23,000TX per day 👀
There were 5,868,096 total TXs, for an average of 16,076TX per day for the year
Monero’s on-chain usage via private-by-default transactions that protect sender, receiver, and amounts, grew 208% YoY!
Monero went from ~10,000TX per day to ~23,000TX per day 👀
There were 5,868,096 total TXs, for an average of 16,076TX per day for the year
Monero’s on-chain usage via private-by-default transactions that protect sender, receiver, and amounts, grew 208% YoY!
4/ Blockchain growth:
The Monero blockchain grew 13.34GB over the last year while transactions averaged 2.38KB in size.
Monero’s blockchain size grew 180% faster YoY while the average transaction size dropped 13.76% YoY (thanks, CLSAG).
More on CLSAG:
getmonero.org/resources/mone…
The Monero blockchain grew 13.34GB over the last year while transactions averaged 2.38KB in size.
Monero’s blockchain size grew 180% faster YoY while the average transaction size dropped 13.76% YoY (thanks, CLSAG).
More on CLSAG:
getmonero.org/resources/mone…
5/ Emissions:
Monero’s emission per day dropped from ~1,200XMR to ~750XMR over the course of the year.
Monero’s inflation decreased 39.5% YoY and is steadily approaching the tail emission of 0.6XMR per block!
More on the tail emission:
localmonero.co/knowledge/mone…
Monero’s emission per day dropped from ~1,200XMR to ~750XMR over the course of the year.
Monero’s inflation decreased 39.5% YoY and is steadily approaching the tail emission of 0.6XMR per block!
More on the tail emission:
localmonero.co/knowledge/mone…
6/ Fees:
Monero’s participants spent 1,884.77XMR on fees in a year.
Monero’s fees spent increased 71.11% YoY while the average transaction fee dropped 17.99% YoY (thanks, CLSAG)!
Monero’s participants spent 1,884.77XMR on fees in a year.
Monero’s fees spent increased 71.11% YoY while the average transaction fee dropped 17.99% YoY (thanks, CLSAG)!
7/ Reddit:
Monero’s main subreddit, r/Monero gained ~43,000 subscribers, going from ~168,000 to ~211,000 subscribers over the year.
Monero’s subreddit subscriber count grew 25.59% YoY and grew 290% faster than the previous year!
reddit.com/r/Monero
Monero’s main subreddit, r/Monero gained ~43,000 subscribers, going from ~168,000 to ~211,000 subscribers over the year.
Monero’s subreddit subscriber count grew 25.59% YoY and grew 290% faster than the previous year!
reddit.com/r/Monero
8/ Twitter:
Monero’s main subreddit, @monero gained 69,209 followers.
The @monero Twitter account went from 319,884 to 389,093 followers.
Monero’s Twitter follower count grew 21.63% YoY and grew 1,870% faster than the previous year!
Monero’s main subreddit, @monero gained 69,209 followers.
The @monero Twitter account went from 319,884 to 389,093 followers.
Monero’s Twitter follower count grew 21.63% YoY and grew 1,870% faster than the previous year!
9/ Major upgrades:
* CLSAG, a new ring signature mechanism that improves transaction efficiency:
* getmonero.org/resources/mone…
* Monero put out several updates to resolve and prevent network attacks from a prolonged and aggressive attack on the network:
* sethsimmons.me/posts/moneros-…
* CLSAG, a new ring signature mechanism that improves transaction efficiency:
* getmonero.org/resources/mone…
* Monero put out several updates to resolve and prevent network attacks from a prolonged and aggressive attack on the network:
* sethsimmons.me/posts/moneros-…
10/ Something missing?
If you see something missing from this post that was a major highlight of the year, please feel free to reach out via Twitter, Matrix, or email and I’ll work to get it added ASAP:
sethsimmons.me/about/#how-to-…
If you see something missing from this post that was a major highlight of the year, please feel free to reach out via Twitter, Matrix, or email and I’ll work to get it added ASAP:
sethsimmons.me/about/#how-to-…
11/ I missed mining! Added and snippet below:
Monero’s network hashrate increased 89.25% YoY and network miners increased ~150% since the introduction of RandomX!
Monero’s network hashrate increased 89.25% YoY and network miners increased ~150% since the introduction of RandomX!
12/ Update to mining with detailed unique miner numbers:
* Monero started after the RandomX upgrade with ~27,000 miners.
* Monero unique miners increased from 37,380 to 102,163 over the year.
Network miners increased 173.30% YoY and 274.95% since the introduction of RandomX!
* Monero started after the RandomX upgrade with ~27,000 miners.
* Monero unique miners increased from 37,380 to 102,163 over the year.
Network miners increased 173.30% YoY and 274.95% since the introduction of RandomX!
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