TRM Labs report: Despite being delisted from major exchanges, Monero network activity continues to rise

BlockBeats News, February 17, TRM Labs' latest research shows that despite mainstream cryptocurrency exchanges delisting privacy coins, Monero's activity has remained stable.

Research data indicates that transaction usage in 2024 and 2025 is still higher than pre-2022 levels. In its analysis of market trends and underlying network infrastructure, TRM Labs pointed out that even after many major trading platforms removed or restricted the token due to traceability concerns, demand has not diminished.

In 2024, mainstream trading platforms, including a certain exchange, have successively delisted or gradually phased out Monero for compliance reasons. This year, Dubai's financial regulator banned licensed platforms in the Dubai International Financial Centre from listing privacy coins such as Monero and Zcash, further increasing the pressure.

The research also reveals that Bitcoin remains the preferred currency for real-world ransomware payments. Ransomware operators often request Monero, sometimes even offering discounts, but victims still tend to pay with Bitcoin.

However, the dark web market seems to be evolving in the opposite direction. Researchers found that among new markets launched in 2025, 48% support only Monero, a "significant increase" compared to earlier years.