XMR
Monero · Private proof-of-work money
Score qualifies for T2; held by Value engine 2 (needs 3), Security 1 (needs 2).
Key facts
- Circulating 18.8M, 100%
- No cap: supply can keep growing, see Supply discipline
Market data: CoinGecko, Oct 24, 2026. Scores reviewed Oct 23, 2026.
Assessment
Monero's engine is the money route: ~31K default-private payments a day, though the balances in use cannot be measured. Supply is a tail emission of 0.6 XMR per block, ~0.84% a year with no cap, changeable only by a hard fork adopted by node operators. The Apr 2014 launch was pre-announced with no premine or dev tax, though a private optimized miner took an estimated 1-3% early, and all 18.8M XMR is liquid after 12 years without a coordinated rollback. Security is the weak side: Qubic forced an 18-block reorg on Sep 14, 2025, on a CPU-mined network that rents for roughly $256K a day.
How value reaches holders
None by design: fees and the 0.6 XMR/block tail emission go to miners; ~0.84%/yr issuance with no cap; privacy by default (ring signatures, stealth addresses)
Score anatomy
Demand
24 / 45: the stronger of two routes, plus adoptionWhy would anyone hold it: does value reach the token, and is the network or product used today?
All fees go to miners by design
Nothing reaches holders by designHow this is scored
$0.5-5M/yr, or undisclosed
~31K transactions/day (100-block sample from xmrchain, Oct 23, 2026) of default-private payments; balances cannot be measured (panel 2).
Measurable niche monetary use: payment rails, savings products, or collateral at third-party venues below the next levelmedium confidenceHow this is scored
Monero carries ~31K default-private tx/day and fees rose 191% to $1.4M TTM; top-two private money, though delistings cut access
Leader: a top-three network or product in its category by use, holding or gaining sharemedium confidenceHow this is scored
Two routes, the stronger counts
Soundness
27 / 40Can a long-term holder trust the rules: supply, float, distribution and control?
Tail emission of 0.6 XMR per block, ~0.84%/yr, with no cap by design; changes need a hard fork adopted by node operators.
Under 1%/yr net without a hard cap, a hard cap with halvings issuing 1-3%/yr, or zero issuance where binding on-chain token governance could vote to mint morehigh confidenceHow this is scored
No premine or vesting: all 18.8M XMR is liquid.
Fully vested, no scheduled unlockshigh confidenceHow this is scored
Pre-announced Apr 2014 launch with no premine or dev tax, but a private optimized miner took an estimated 1-3% early, an insider allocation that rules out level 5; no organization directs supply
Under 2% to insiders, open software at launchmedium confidenceHow this is scored
Qubic forced an 18-block reorg on Sep 14, 2025, inside the 24-month window, on a CPU-mined network that rents for roughly $256K a day
A halt, rollback or exploited consensus bug in the last 24 months, attack cost under $10M, or a foundation-selected validator set or small multisig can halt or upgrade with no meaningful exit windowhigh confidenceHow this is scored
Durability
10 / 15Is it big, proven and reachable by institutions?
$11.5B market cap (band 5), $111.3M/day median volume (band 4), no flags.
Major: $1-10B market cap and $50M/day+How this is scored
12 years with no coordinated rollback; the 2025 reorg was an attack, scored under security
10+ years with no rollback or coordinated halt in the last 10 yearshigh confidenceHow this is scored
No exchange-traded product anywhere; Kraken delisted it in the EEA, Canada, India and the UAE
Top-tier exchanges only, or delisting pressurehigh confidenceHow this is scored
What would move it up
To reach T2 Strong, 2 gates are still open:
- Value engine 2needs 3(open)
- Security 1needs 2(open)
- Score 61gate 55(met)
- Adoption 4gate 3(met)
- Supply 4gate 2(met)
- Distribution 4gate 1(met)
- Float and unlocks 5gate 1(met)
- Scale 4gate 3(met)
Tier outlook
Could move down ↓low likelihood
- Security falls to 0 if a single pool or merge-mining operator again holds a sustained hashrate majority
- Security rises only if renting a 6-hour attack costs over $10M (~$256K a day now) and no reorg recurs before Sep 2027
- Usage: measurable payment volume beyond ~31K transactions a day
- Access: further exchange delistings, and EU AMLR from Jul 2027
Compare with
How the ranking works and how XMR compares: see the full ranking. This entry as JSON:
GET https://tokens.10102.io/api/v1/tokenomics?symbol=XMR