This Year in Monero - 2022
Posted by: reemuru
April 18, 2022
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:
- Merchants accepting Monero for payment
- FOSS Projects and Pro-Privacy Organizations accepting Monero for donations
- Coincards Monero Volume
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
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
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.
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.
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.
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.
Year over Year Change
Monero's annual inflation decreased 34.3% YoY while daily emission dropped 42.96% and is rapidly 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.
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.
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.
04/2021 through 04/2022:
- Monero's network hashrate increased from 2.29GH/s to 3.51GH/s over the year.
Year over Year Growth
Monero's network hashrate increased 53.27% YoY
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.
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.
Year over Year Growth
Monero's subreddit subscriber count grew 21.80% YoY
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
- Haveno Frontend Development
- Monerokon 2022
- Seraphis POC
- ETH XMR Atomic Swaps
- OSPEAD
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.
Here is a quick list of the sources and tools I used to gather these statistics:
monero-blockchain-stats, using some hints from the following link for plotting:- Gnuplot for the graphs from data pulled via
monero-blockchain-stats - https://miningpoolstats.stream/monero for hashrate graph and current miner count
- https://subredditstats.com/r/monero for subreddit-related statistics and graphs
- https://github.com/oduwsdl/FollowerCountHistory for Twitter follower count history for @monero
- 8 years logo by u/Wataru_Watanabe
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