Monero Hashrate Surges to Near-Record Levels Amid 70% Price Increase
Monero's network hashrate is approaching all-time highs, reflecting strong miner interest despite a concentrated mining landscape.
Monero's network hashrate is approaching all-time highs, reflecting strong miner interest despite a concentrated mining landscape. Monero (XMR) is trading at $606.65, up 1.5% since this brief published. This is an original TLT brief based on reporting by Bitcoin.com, with live market data added, as of Tue, 27 Oct 2026 01:00:05 UTC.
The rising hashrate indicates growing miner confidence and network security, while the dominance of a few mining pools raises concerns about decentralization.
- Monero's hashrate nears record at 7.12 GH/s.
- Three major mining pools control 60% of the network.
- XMR price has risen 70% in the past year.
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- Monero Hashrate Surges to Near-Record Levels Amid 70% Price Increase — this brief
Monero's (XMR) network hashrate is approaching historic highs, currently standing at 7.12 GH/s, according to 
Bitcoin.com. This level is near the network's all-time peak, reflecting significant miner interest and investment in the privacy-focused cryptocurrency.
Despite the robust hashrate, the distribution of mining power raises concerns about decentralization. Three major mining pools dominate the network, collectively controlling around 60% of the total hashrate. This concentration could potentially expose the network to centralization risks, contrasting with Monero's core principles.
The rise in hashrate comes as XMR has seen a 70% price increase over the past year, currently trading at $597.61. This price performance has likely attracted more miners to the network, contributing to the hashrate growth.
In the broader market context, the total crypto market cap stands at $2.75 trillion, with Bitcoin showing a modest 0.10% gain over the past 24 hours. The overall market sentiment remains neutral, with a Fear & Greed index of 48.
The strong hashrate and price performance of Monero suggest growing interest in privacy-focused cryptocurrencies. However, the concentration of mining power among a few pools is a trend to watch, as it could impact the network's long-term decentralization and security.
Since this brief published about 1 hour ago, Monero (XMR) has moved from $597.61 to $606.65 — +1.51%.
The chart plots XMR's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XMR ≈ ₦839,303.31 (about $606.65), up 2.0% over 24 hours. The naira itself trades about 1.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 27, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Monero Hashrate Surges to Near-Record Levels Amid 70% Price — questions & answers
What is Monero's current hashrate?
Monero's network hashrate is currently at 7.12 GH/s, near its all-time high.
How much has XMR price increased in the past year?
XMR price has risen by 70% over the past year.
Who controls the majority of Monero's hashrate?
Three major mining pools control approximately 60% of Monero's total hashrate.
How much is 1 Monero worth in naira today?
About ₦839,303.31 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $606.65. The naira price moves with both XMR's US-dollar price and the USDT/NGN rate; use our Monero in naira page for any amount.
Has Monero's price moved since this brief was published?
XMR is up 1.51% since this brief first published — trading at $606.65 now versus $597.61 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.