Monero (XMR) experienced a 6% price increase, reaching $431, driven by heightened privacy demand and the introduction of perpetual swaps on Hyperliquid. The trading volume for XMR surged over 13%, reflecting growing interest in the cryptocurrency. The launch of perpetual swaps provides traders with new opportunities to engage with Monero, contributing to the price rally. The rise in Monero's value is also supported by recent network upgrades and positive technical indicators. Despite mixed sentiment indicated by the fear and greed index, the demand for privacy-focused cryptocurrencies like Monero continues to grow, underpinning its recent performance.