Monero price holds above USD 600 as hashrate nears 2026 highs
Published on 11/03/2026 at 18:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMonero's network strength and market context
- Monero's estimated network hashrate reached 7.12 GH/s on October 26, according to a report citing Miningpoolstats and Coinwarz data.
- The three largest listed mining pools represented about 60% of estimated hashrate, highlighting a concentration risk alongside stronger network computing power.
- CoinGecko recorded a UTC close of 604.64 USD for November 2, while Investing.com displayed XMR at 620.620 USD at 15:37:13 Berlin time on November 3.
- Monero's October 16 software release fixed DNSSEC validation issues and restored a JSON-RPC conversion behavior pending removal in version 0.19.
The Monero price was listed at 620.620 USD on Investing.com at 15:37:13 Berlin time on November 3, 2026. The same page showed a market capitalization of 11.74 billion USD, 24-hour volume of 152.34 million USD and a circulating supply of 18.83 million XMR. CoinGecko's historical data, which uses UTC dates, recorded a November 2 close of 604.64 USD. Against that comparison basis, the displayed price was 2.64% higher.
Hashrate rises, concentration persists
The main recent network development is a rise in computing power. A Cryptonews.net report, republishing a news.bitcoin.com article, said Miningpoolstats data on October 26 showed approximately 7.12 gigahashes per second securing Monero. That level was close to the network's earlier high of 7.54 GH/s cited in the report.
The same report identified SupportXMR, Nanopool and Kryptex as the three largest listed pools, with approximately 1.87 GH/s, 1.23 GH/s and 1.17 GH/s respectively. Together, they represented about 60% of estimated network hashrate. This does not mean that three operators own 60% of the mining hardware: pool operators coordinate computing power from individual miners. It does, however, leave pool concentration as a relevant decentralization and operational risk.
Software work remains incremental
Monero's project team released version 0.18.5.4 on October 16. In its official release announcement, the team described the update as a minor release containing bug fixes. It specifically listed fixes for DNSSEC validation covering checkpoints, blocklists and update checks, while restoring string-to-integer conversion in JSON requests. The latter behavior is scheduled for removal as a breaking change in version 0.19.
Investor reading of the setup
Higher hashrate can indicate greater aggregate computing protection, but it should not be treated as proof of decentralization on its own. The recent market setup therefore combines a stronger security budget with a visible concentration issue. The October software update was maintenance-focused rather than a new consensus upgrade. Investors following the Monero price should consequently distinguish measurable network activity from expectations surrounding future privacy development and avoid treating either as a guaranteed price signal.
Further project-specific context is available on the Monero topic page.
