Monero use above pre-2022 in 2024–2025 despite Binance, Coinbase delistings

According to TRM Labs, Monero’s on‑chain activity stayed above pre‑2022 baselines through 2024 and 2025 even after Binance and Coinbase ended support. The report also noted that 48% of new darknet markets in 2025 accepted only XMR, while most completed ransomware payments still settled in Bitcoin because of liquidity and accessibility advantages.