1/The state of #Monero January 2021
Block height 2268695

Just a *messy* thread analyzing Monero's fundamentals and collecting statistics/news so that we can compare to at the end of the year.

#XMR
2/For the majority of Monero's existence, it's inflation rate has been higher than Bitcoin's. Recently it has dropped under bitcoin's rate of issuance.

It will take some time for this effect to be felt on the market IMO https://twitter.com/DontTraceMeBruh/status/1346783810193657856
3/Monero's tail emission begins around May 2022, about 490 days from today.

The total supply of Monero will remain under bitcoin's total supply until sometime in the late 2030's.

Currently:
Bitcoin: 18,592,612 BTC
Monero: 17,806,076 XMR
4/Current Hashrate: 1661.0 Mh/s

#Monero hashrate has continued a steady climb since the mining algo change to RandomX. https://twitter.com/DontTraceMeBruh/status/1346795329543397387
5/Usage of Monero continues to rise, and broke records several times in 2020.

Monero processed 593,322 transactions during the month of December 2020. That is 6.1% of the amount of Bitcoin transactions that month.

30day average of transactions:
6/
6/
6/
7/While #Monero's market cap dominance is 0.26% of the entire "crypto" market cap.

and about 0.38% of Bitcoin's market cap.

Bitcoin MCap: $648,132,252,935
Monero MCap: $2,475,507,792
8/ #Monero is starting to become the standard currency of choice for darknet market users because of its privacy features. The largest DNM, "White House Market" no longer accepts bitcoin. https://twitter.com/BangerSatoshi/status/1343460020222976000
9/ #Monero is one of the more active projects in the space by developer activity.
10/Monero has 14% as many nodes as bitcoin.

Monero 1,497 nodes
Bitcoin - 10,145 nodes
11/Despite several delistings in 2020, reported volume across all exchanges for Monero in the past 24 hours is ~2.4 billion.

"Real" volume is closer to 74 million /24 hours

I don't have a source to compare volumes for the entire year.
12/While some exchanges de-listed #Monero, the liquidity moved elsewhere to more capable exchanges, and others pledged continued support. A sign #Monero is here to stay. https://twitter.com/Poloniex/status/1345701261904064512
13/Volume on Bisq is doing well. A spike in volume occurred on January 3 after Bittrex announced Monero delisting. https://twitter.com/DontTraceMeBruh/status/1346836943716409344
14/ https://twitter.com/MarilynMoneroX/status/1346854642471337986
15/Despite IRS bounties and Ciphertrace patents, Monero still can not be deterministically traced.
16/Not as a response to the traceability of Monero, but still an interesting development to track is the proposal to increase ringsizes, therefore making the probability of tracking any Monero transaction even more difficult. https://github.com/monero-project/research-lab/issues/79
Increase ringsize for Monero v15 · Issue #79 · monero-project/research-lab

Monero has used a set ringsize of 11 since v8 (2018-10). Based on recent increases in the number of transactions and the amount of attention on Monero, increasing the ringsize with the (likely) imp...

https://github.com/monero-project/research-lab/issues/79
17/Cooperative mining pools... AKA censorship pools are a thing on the Bitcoin network now.

Something not possible on Monero

https://www.marathonpg.com/news/press-releases/detail/1220/marathon-patent-group-and-dmg-blockchain-solutions-to-form
18/Network fees in the past 24 hours (USD)

ETH: $12 million
BTC: $3.8 million
LTC: $2,739
ADA: $952
XMR: $817
BCH: $408
19/Total value transacted over the #Monero network in the last...

24 hours: Unknown
Last Quarter: Unknown
Last year: Unknown
Lifetime: Unknown
20/Monero is the most scalable and cost effective way to achieve a reasonable level of privacy. https://sethsimmons.me/posts/comparing-private-spends/
Comparing Reasonably Private Spends in Bitcoin, Monero, and Zcash

I take a look at how each of the three most recognized privacy approaches in cryptocurrency stack up in size, cost (in both money and time!), and throughput.

https://sethsimmons.me/posts/comparing-private-spends/
21/If you have any other interesting stat, share it here so we can look back in a year from now.
Forgot this. All-time Google trends search interest at 25
You can follow @DontTraceMeBruh.
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