Blog: This year in Monero – 2022

This year in Monero – 2022

Posted by: sethsimmons

As a way to celebrate and showcase the growth that Monero has taken place over the past year on this, the 7th anniversary of the Monero project, I wanted to take a snapshot of stats and social media posts to highlight this growth.

This is by no means an exhaustive list of ways Monero grew, and one of the most significant has been the increased adoption and adoption of Monero for donations and payments:

One of the main ways we can deduce what happened in Monero is by looking at the (fortunately, scarce) blockchain data that is publicly available.

Each section highlights the previous year (04/2022 to 04/2022) and the current year (04/2022 to 04/2022) to provide year-over-year comparisons and perspectives.

Transactions

04/2022 to 04/2022:

  • Monero transactions grew from ~7,000 tx per day to ~10,000 tx per day
  • There were 2,811,244 total transactions, for an average of 7,702nd most common transactions per day for the year.

04/2022 to 04/2022:

  • Monero transactions grew from ~10,000 tx per day to ~23,000 tx per day
  • There were 5,868.096 total transactions, for an average of 16,076th most common transactions per day for the year

Year on year growth

On-chain use of Monero grew 208% YoY! Each of these transactions was conducted through standard private transactions that protect the sender, recipient and funds.

Blockchain Growth

04/2022 to 04/2022:

  • Monero’s blockchain grew 7.41GB in a year.
  • There were 292.651 total number of blocks, for an average size of 29.56KB per block for the year.
  • There were 2,811,244 total transactions, for an average of 2.76KB per transaction.

04/2022 to 04/2022:

  • Monero’s blockchain grew 13.34GB in a year.
  • There were 262,588 total number of blocks, for an average size of 53.30КБ per block for the year.
  • There were 5,868.096 total transactions, for an average of 2.38KB per transaction.

Year on year growth

The size of Monero’s blockchain grew 180% faster YoY while average transaction size decreased 13.76% YoY (thanks, CLSAG)!

Emissions

04/2022 to 04/2022:

  • Monero’s Block Grant (Emission) Created 599,105,65XMR
  • There were 292.651 total number of blocks, for an average block grant of 2.04XMR per block for the year.
  • Monero’s emissions per day fell from ~2,000XMR nasty ~ 1200XMR in the course of the year.

04/2022 to 04/2022:

  • Monero’s Block Grant (Emission) Created 362.406.83XMR
  • There were 262,588 total number of blocks, for an average block grant of 1.38XMR per block for the year.
  • Monero’s emissions per day fell from ~ 1200XMR nasty ~750XMR in the course of the year.

Year on year change

Monero’s inflation has fallen 39.5% YoY and steadily approaching the tail emission from 0.6XMR per block!

cost

04/2022 to 04/2022:

  • Monero’s participants have spent 1,101.07XMR on fees in a year.
  • Monero average 3.016XMR in fees per day.
  • There were 262.651 th most common total blocks, for an average total miner fee of 0.00419288XMR per block for the year.
  • There were 2,811,244 total transactions, for an average of 0.000391666XMR per transaction.

04/2022 to 04/2022:

  • Monero’s participants have spent 1,884.77XMR on fees in a year.
  • Monero average 5.16XMR in fees per day.
  • There were 262,588 total blocks, for an average total miner fee of 0.00717767XMR per block for the year.
  • There were 5,868.096 total transactions, for an average of 0.000321189XMR per transaction.

Year on year growth

Monero spending has increased 71.11% YoY while average transaction costs fell 17.99% YoY (thanks, CLSAG)!

Mining

12/2022 to 04/2022:

NOTE: This period begins with the implementation of RandomX in the November 30, 2022 network upgrade.

  • Monero’s network hashrate has increased from 0.682GH/s nasty 1.21GH/s during the year.
  • Monero branches to the ASIC-resistant mining algorithm known as: RandomX
  • Monero started after the RandomX upgrade with ~27,000 miners
  • Monero’s unique miners have risen from 27,247 most common nasty 37,380 most common during the year.

04/2022 to 04/2022:

  • Monero’s network hashrate has increased from 1.21GH/s nasty 2.29GH/s during the year.
  • Monero broke down 100,000 miners for the first time in its network history!
  • Monero’s unique miners have risen from 37,380 most common nasty 102,163 most common during the year.

*Disclaimer: These miner numbers are the lower bound, as they are the numbers visible through the API of public pools where the API is reachable and provides the number of miners. There are probably many more miners that are solo, use private pools, or are in pools that don’t reflect the number of miners.

Year on year growth

Monero’s network hashrate has been increased 89.25% YoY and network miners increased 173.30% YoY and 274.95% since the introduction of RandomX!

reddit

04/2022 to 04/2022:

  • Monero’s main subreddit, r / Money won ~11,000 subscribers ranging from ~ 157,000 nasty ~168,000 subscribers during the year.

04/2022 to 04/2022:

  • Monero’s main subreddit, r / Money won ~43,000 subscribers ranging from ~168,000 nasty ~ 211,000 subscribers during the year.

Year on year growth

Monero’s Subreddit Subscribers Grow 25.59% YoY and grew 290% faster than last year!

Top Ten Reddit Posts

Twitter

04/2022 to 04/2022:

  • Monero’s main Twitter account @monero won 3,502 nd most common followers.
  • The @monero Twitter account went from 317,010 the most common nasty 320,512 th most common followers.

04/2022 to 04/2022:

  • Monero’s main Twitter account @monero won 69,209 th most common followers.
  • The @monero Twitter account went from 319,884 nasty 389,093 followers.

Year on year growth

Monero’s Twitter Follower Grows 21.63% YoY and grew 1,870% faster than last year!

Top ten tweets

  • “Love this #Monero cheat sheet. Get your privacy on – @coinbureau”
  • “Saying you don’t care about the right to privacy because you have nothing to hide is just saying you don’t care about freedom of speech because you have nothing to say.” – Edward Snowden #monero $XMR – @girlgone_crypto”
  • “Over 100,000 miners secure the #Monero network. New ATH. No ASICs. One CPU. One vote. https://miningpoolstats.stream/monero – @DontTraceMeBruh”
  • “I want you to know that the words ‘Monero’ and ‘XMR’ are not mentioned in the Chainalysis crypto crime report 2022 that just came out. Not even once, more than 113 pages. – @binaryFate”
  • “If #monero came out first, then #bitcoin, everyone would say, ‘Why should I give up my privacy?'”
  • “”In No One We Trust” – #Monero – @girlgone_crypto”
  • “Now you know why I was so optimistic about #Monero last year. The coming $XMR – $BTC atomic swaps will be a game changer. It will be interesting to see how much BTC ‘disappears’ from the #Bitcoin network when it disappears live. – @coin agency ”
  • And the #Monero network has been upgraded! Enjoy your 20% cheaper, lighter and faster private verification default transactions. #MoneroKeepsBuilding #CLSAG – @sethisimmons”
  • “Bitcoin was intended to be a anonymously P2P digital money. However, that title is best reserved for privacy coins like #Monero these days. In my video today I take another look at Monero and explain why I think $XMR is so undervalued – @coinbureau”
  • “We are excited to see THORChain, a cross-chain decentralized liquidity network, partner with Haven to integrate #Monero!”
  • Bullet proofs + audits
  • Feather wallet GUI development
  • CLSAG audit
  • Explore post-quantum strategies for Monero
  • Monero Atomic Swaps Research Funding
  • Monero Atomic Swaps Implementation Financing
  • Add Monero to TxStreet
  • anon: perfect peer-to-peer protocol from bottom to top
  • tipxmr.live – a non-saving live streaming donation service for OBS
  • Compilation time reduction and housekeeping

If you’re missing anything in this post that was a major highlight of the year, feel free to get in touch at Twitter, Matrix or email and I will work to get it added as soon as possible.

Here is a short list of the resources and tools I used to collect these stats:

Disclaimer: I am the author of https://sethsimmons.me/posts/this-year-in-monero-2022/ and the content for this blog post was originally shared there first.


post tags : Community

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