What is the total supply of Monero?
Monero has no fixed maximum supply. Its total supply keeps growing because mining adds new XMR, the unit of Monero, through an ongoing reward called tail emission. If you want the exact amount issued so far, check a live Monero block explorer—a tool that shows records from the network.
The main supply and tail emission
Monero’s supply has two stages. During the first stage, rewards for miners gradually fell as more coins were created. This main emission produced roughly 18.13 million XMR before the network moved to tail emission around June 2022.
Tail emission is the small, ongoing creation of new coins. Its standard reward is 0.6 XMR per block, with no planned end date. A block is a batch of transactions added to Monero’s shared transaction record, called the blockchain.
This means 18.13 million XMR is not Monero’s supply cap. It marks roughly where the first stage ended. The total has continued to grow since then.
How quickly does the supply grow?
Monero aims to add one block about every two minutes. At the standard tail reward, that works out to approximately:
- 0.3 XMR per minute
- 432 XMR per day
- 157,680 XMR per 365-day year
These are useful estimates, not exact calendar totals. Blocks do not arrive on a perfectly timed schedule, and reward rules can reduce the amount created in unusually large blocks.
You can think of tail emission as adding roughly the same number of coins each year to an ever-larger total. Because the total grows, that yearly addition becomes a smaller percentage of the supply over time.
That percentage is often called supply inflation. It describes growth in the number of coins—not a guaranteed change in Monero’s price or your buying power.
Why isn’t there a fixed limit?
The ongoing reward gives miners a continuing reason to help protect Monero’s network. Miners use computing power to process transactions and make it difficult to rewrite the transaction record.
Their rewards come from two sources:
- Newly created XMR: This increases the total supply.
- Transaction fees: These move existing XMR from users to miners and do not create additional coins.
Without new coin rewards, miners would need to rely on transaction fees alone. Monero’s design keeps a small new-coin reward instead.
An unlimited maximum therefore does not mean unlimited amounts can be created whenever someone wants. The network’s rules control issuance. You cannot increase the scheduled reward simply by adding more mining computers.
How to check the total today
For the current issued supply, use a live Monero block explorer or a reputable supply tracker. Check when its figure was last updated and whether it reports issued supply, circulating supply, or maximum supply.
Those labels can mean different things. Issued supply counts coins created under the network’s rules. It does not tell you how many remain accessible: coins can become unusable if someone loses the keys needed to spend them.
The bottom line
Monero has no final supply cap. Roughly 18.13 million XMR came from its main emission, and tail emission continues adding about 0.6 XMR per block. The total rises over time, while its percentage growth gradually falls.
