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How did Monero (XMR) perform in August 2026, how did its nearly 50% monthly gain compare with Bitcoin and Ethereum and rank historically, what role did THORChain’s August 25 Version 3.20 upgrade—enabling native, intermediary free swaps of Monero and Zcash with Bitcoin, Ethereum,
Monero was among August’s strongest major crypto assets: XMR gained roughly 45%–50%, its best month since April 2021, clearly outperforming Bitcoin’s 24% and Ethereum’s 31% monthly gains. [5] Performance and catalyst XMR’s approximately 50% August increase placed it at a seven month high near $546 and marked its str...
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Key takeaways
- Monero was among August’s strongest major crypto assets: XMR gained roughly 45%–50%, its best month since April 2021, clearly outperforming Bitcoin’s 24% and Ethereum’s 31% monthly gains.
- [5] Performance and catalyst XMR’s approximately 50% August increase placed it at a seven month high near $546 and marked its strongest month in more than five years.
- [5] THORChain’s Version 3.20 upgrade on August 25 was a credible catalyst: it added native, non custodial XMR and ZEC swaps against BTC, ETH, and stablecoins, removing the need for wrapped assets and centralized exchange intermediaries.
- [5] Available evidence supports a sharp post upgrade move—XMR rose about 10% in the subsequent 24 hours—but does not reliably establish an exact intraday “announcement day” return.
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Monero was among August’s strongest major crypto assets: XMR gained roughly 45%–50%, its best month since April 2021, clearly outperforming Bitcoin’s 24% and Ethereum’s 31% monthly gains. 5
Performance and catalyst
- XMR’s approximately 50% August increase placed it at a seven-month high near $546 and marked its strongest month in more than five years.
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- THORChain’s Version 3.20 upgrade on August 25 was a credible catalyst: it added native, non-custodial XMR and ZEC swaps against BTC, ETH, and stablecoins, removing the need for wrapped assets and centralized-exchange intermediaries.
- Available evidence supports a sharp post-upgrade move—XMR rose about 10% in the subsequent 24 hours—but does not reliably establish an exact intraday “announcement-day” return.
What likely amplified the move
- The upgrade mattered especially because privacy coins have increasingly lost access to large centralized exchanges. Claims of dozens of XMR delistings in 2024–25 circulate, but the provided evidence for those exact counts is an unverified social-media post; the precise delisting totals are therefore insufficiently substantiated.
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- The new THORChain route offered an alternative source of native liquidity and price discovery just as centralized access was shrinking. That is a plausible mechanism, not proof that it alone caused the rally.
- Derivatives positioning also increased: one late-August snapshot put XMR open interest near $30 million and at the 99th percentile of the preceding three weeks.
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- Insufficient evidence is available here to verify the requested exact allocation of XMR open interest among KuCoin, Hyperliquid, and BingX, or to quantify July’s recovery and XMR’s year-to-date return.
Broader altcoin and policy context
- XMR’s rally occurred amid revived appetite for higher-beta crypto assets; regulatory optimism also helped broader crypto-linked markets in August.
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- A case for Ethereum and other altcoins outperforming Bitcoin in September was conditional on progress for the CLARITY Act, which had passed the House but faced a September 15 Senate cloture test and uncertain prospects of securing the 60 votes needed.
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- Thus, an ETH-over-BTC call was a speculative policy-sensitive scenario, not an established forecast. A CLARITY Act outcome could improve regulatory clarity, but it would not guarantee either broad altcoin gains or Ethereum outperformance.
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Monero was among August’s strongest major crypto assets: XMR gained roughly 45%–50%, its best month since April 2021, clearly outperforming Bitcoin’s 24% and Ethereum’s 31% monthly gains.
What are the key points to validate first?
Monero was among August’s strongest major crypto assets: XMR gained roughly 45%–50%, its best month since April 2021, clearly outperforming Bitcoin’s 24% and Ethereum’s 31% monthly gains. [5] Performance and catalyst XMR’s approximately 50% August increase placed it at a seven month high near $546 and marked its strongest month in more than five years.
What should I do next in practice?
[5] THORChain’s Version 3.20 upgrade on August 25 was a credible catalyst: it added native, non custodial XMR and ZEC swaps against BTC, ETH, and stablecoins, removing the need for wrapped assets and centralized exchange intermediaries.
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