Over the past month, the price of Monero has increased by 80%, and since the beginning of April, the growth has amounted to almost 250%. As of May 26, 2025, XMR is trading around $417, having surpassed the levels of Litecoin, Toncoin and Polkadot projects in the Coinmarketcap rating. Since the beginning of the year, the value of Monero has risen by more than 110%, second only to the Four (FORM) token from the BNB Chain network, whose price has increased by 600%. For comparison, Bitcoin has added only 17% since the beginning of the year, and the growth of most other cryptocurrencies has been limited to 50%.
The Monero coin was created as an alternative to cryptocurrencies with an open transaction system. Unlike Bitcoin, it offers complete anonymity of transfers, hiding both the sender and the recipient, as well as the amount of the transfer. This confidentiality is achieved with the help of cryptographic tools that make it impossible to track transactions.
The Monero network is based on the Proof-of-Work algorithm, similar to that used in Bitcoin. At the same time, most modern projects are switching to Proof-of-Stake, in which the security of the blockchain is ensured not by mining, but by storing funds in a wallet. Thanks to the use of PoW, Monero remains independent of centralized structures and the interests of large stakeholders.
The technical foundations of Monero were described back in 2013 by an author under the pseudonym Nicholas van Saberhagen, and the network itself was launched in 2014. The project was based on ByteCoin technology and the CryptoNote protocol, which was originally aimed at creating a completely anonymous blockchain.
Monero is being developed mainly by enthusiasts and with the support of donations. One of the most famous participants in the project is Riccardo Spagni, who was arrested in the United States in 2021 on charges of financial crime, but was later released.
Monero's anonymity has repeatedly attracted the attention of the authorities. In 2020, the US Internal Revenue Service offered $625,000 for the opportunity to hack its system. Despite this, there is still no evidence that anyone has managed to violate its privacy. At the same time, according to Chainalysis, Monero is not popular among criminals due to its weak liquidity. Attackers often use Bitcoin as the main cryptocurrency.
The impact on the market was not without consequences: due to the inability to comply with AML and CFT requirements, exchanges such as Binance, OKX, and Bybit delisted Monero. This is due to FATF requirements, according to which all trading platforms must ensure control over the origin of funds.
Nevertheless, interest in Monero continues to grow, especially against the backdrop of large conversions of funds from other cryptocurrencies to XMR.