This Year in Monero – 2022

April 18th, 2022

Monero

As a way to celebrate and show the growth that has happened for Monero across the past year on this, the 8th anniversary of the Monero project, I wanted to take a snapshot of statistics and social media posts to highlight this growth.

This is by no means an exhaustive list of ways in which Monero grew, and some of the most important growth came in increased acceptance and adoption of Monero for donations and payments:

Statistics

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.

Each section will highlight the previous year (04/2020 through 04/2021) as well as the current year (04/2021 through 04/2022) to give year-over-year comparisons and perspective.

Transactions

04/2020 through 04/2021:

  • Monero transactions grew from ~10,000tx per day to ~23,000tx per day
  • There were 5,868,096 total transactions, for an average of 16,076 transactions per day for the year
Monero

04/2021 through 04/2022:

  • Monero transactions grew from ~23,000tx per day to ~40,000tx per day
  • There were 9,087,482 total transactions, for an average of 23,542 transactions per day for the year
Monero

Year over Year Growth

Monero’s on-chain usage grew 154% YoY! Every one of these transactions was done via private-by-default transactions that protect sender, receiver, and amounts.

Blockchain Growth

04/2020 through 04/2021:

  • Monero’s blockchain grew 13.34GB in a year.
  • There were 262,588 total blocks, for an average size of 53.30KB per block for the year.
  • There were 5,868,096 total transactions, for an average of 2.38KB per transaction.
Monero

04/2021 through 04/2022:

  • Monero’s blockchain grew 19.24GB in a year.
  • There were 262,567 total blocks, for an average size of 73.27KB per block for the year.
  • There were 9,087,482 total transactions, for an average of 2.11KB per transaction.
Monero

Year over Year Growth

Monero’s blockchain size grew 144% faster YoY.

Emissions

04/2020 through 04/2021:

  • Monero’s block subsidy (emission) created 362,406.83XMR.
  • There were 262,588 total blocks, for an average block subsidy of 1.38XMR per block for the year.
  • Monero’s emission per day dropped from ~1,200XMR to ~750XMR over the course of the year.
Monero

04/2021 through 04/2022:

  • Monero’s block subsidy (emission) created 237,822.80XMR.
  • There were 262,567 total blocks, for an average block subsidy of 0.90XMR per block for the year.
  • Monero’s emission per day dropped from ~803XMR to ~458XMR over the course of the year.
Monero

Year over Year Change

Monero’s inflation decreased 34.3% YoY and is steadily approaching the tail emission of 0.6XMR per block!

Fees

04/2020 through 04/2021:

  • Monero’s participants spent 1,884.77XMR on fees in a year.
  • Monero averaged 5.16XMR in fees spent per day.
  • There were 262,588 total blocks, for an average total fees to miners of 0.00717767XMR per block for the year.
  • There were 5,868,096 total transactions, for an average of 0.000321189XMR per transaction.
Monero

04/2021 through 04/2022:

  • Monero’s participants spent 1,510.77XMR on fees in a year.
  • Monero averaged 4.12XMR in fees spent per day.
  • There were 262,567 total blocks, for an average total fees to miners of 0.00575384XMR per block for the year.
  • There were 9,087,482 total transactions, for an average of 0.000166247XMR per transaction.
Monero

Year over Year Growth

Monero’s fees spent decreased 19.84% YoY while the average transaction fee dropped 48.24%

Mining

04/2020 through 04/2021:

  • Monero’s network hashrate increased from 1.21GH/s to 2.29GH/s over the year.
Monero

04/2021 through 04/2022:

  • Monero’s network hashrate increased from 2.29GH/s to 3.51GH/s over the year.
Monero

Year over Year Growth

Monero’s network hashrate increased 53.27% YoY

Reddit

04/2020 through 04/2021:

  • Monero’s main subreddit, r/Monero gained ~43,000 subscribers, going from ~168,000 to ~211,000 subscribers over the year.
Monero

04/2021 through 04/2022:

  • Monero’s main subreddit, r/Monero gained ~46,000 subscribers, going from ~211,000 to 257,000 subscribers over the year.
Monero

Year over Year Growth

Monero’s subreddit subscriber count grew 21.80% YoY

Twitter

04/2020 through 04/2021:

  • Monero’s main Twitter account, @monero gained 69,209 followers.
  • The @monero Twitter account went from 319,884 to 389,093 followers.

04/2021 through 04/2022:

  • Monero’s main Twitter account, @monero gained 84,397 followers.
  • The @monero Twitter account went from 389,093 to 473,490 followers.

Year over Year Growth

Monero’s Twitter follower count grew 21.69% YoY

Highlighted CCS Campaigns

Major Upgrades

Something Missing?

If you see something missing from this post that was a major highlight of the year, please feel free to open an issue on Github and tag @reemuru, and I will update ASAP.

Resources Used

Here is a quick list of the sources and tools I used to gather these statistics: