XMR Rises 10% After Report Highlights Monero's Darknet Adoption

XMR climbed nearly 10% to $335.66 after TRM Labs published a report underscoring Monero’s resilience and rising use in privacy-focused markets despite delistings from major exchanges. TRM Labs found on-chain activity for Monero remained broadly stable in 2024–2025 and consistently higher than pre-2022 levels.

That pattern held even as platforms such as Binance, Coinbase, Kraken and Huobi limited access to XMR; some reports put the number of exchanges that delisted Monero in 2025 at 73. Adoption on darknet markets appears to be increasing: TRM Labs data show 48% of newly launched darknet marketplaces in 2025 were XMR-only, a trend most pronounced in Western-facing markets.

The firm also noted that most ransomware payments still occur in Bitcoin, reflecting that BTC is generally easier to acquire, move and convert at scale. On the network side, TRM Labs’ peer-to-peer analysis found 14–15% of reachable Monero peers exhibiting non-standard behavior — irregular message timing, handshake patterns and infrastructure concentration.

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