24H Volume $31.93B +26.01%
MarketCap $1.17T -1.27%
$XMR is used as a native currency within the Monero network. $XMR can be used for peer-to-peer payments and value storage within the Monero network. $XMR is also used to pay fees for transactions.
Due to its robust privacy features, offering anonymity by default, $XMR has found significant usage as a black or grey market currency.
In a similar fashion to Bitcoin and Litecoin, Monero block rewards are decreasing over time. However, after 2022, mining block rewards will be set at 0.6 $XMR per block, maintaining a perpetual decaying inflation rate.