Monero’s on-chain activity stayed steady through 2024 and 2025, and TRM Labs says network usage remains above pre-2022 levels. That resilience comes after several major exchanges removed or limited support for XMR. At the same time, the token posted a sharp price rebound, climbing 5.45% in 24 hours to $340.97, while Bitcoin showed little movement over the same period.
Network usage remains stable after exchange delistings
According to TRM Labs, Monero did not see its on-chain activity collapse after exchange delistings pushed liquidity away from large trading venues. Usage on the network has continued at a stable pace. The report also said that 48% of darknet markets launched in 2025 support only XMR, a notable change from earlier years.
Ransomware groups often say they prefer Monero because of its privacy features. Actual ransom payments, however, are still mostly made in Bitcoin. The report’s explanation is straightforward: Bitcoin remains easier to buy, sell, and move in large size. Privacy may be preferred, but liquidity still decides what gets used most often in practice.
Researchers flag peer-level anomalies, not a break in core cryptography
TRM Labs researchers also found that roughly 14% to 15% of Monero network peers behave in non-standard ways, including unusual timing patterns and handshake behavior. Even so, the findings do not show that Monero’s core blockchain cryptography has been broken. Experts cited in the source say the privacy model remains strong, though real-world network behavior can affect how privacy works in some situations.
The broader reading from the report is that Monero’s activity looks consistent and intentional. It does not appear to be driven mainly by hype or short-term speculation, which gives the usage data more weight than a temporary spike tied to market noise.
XMR bounces after a steep monthly drop
The price move came after a deep slide over the previous month. XMR had fallen nearly 40% in the past 30 days before the latest rebound, leading some traders to view the asset as oversold. CoinMarketCap data in the source also showed Monero trading volume at about $69 million, a level that helped support the recovery.
Technical indicators turned stronger during the move. RSI rose to 80.75, pointing to heavy buying pressure, and MACD flipped positive, suggesting that momentum had shifted upward. The source did not link the rally to any major announcement or partnership. The move was described instead as a technical bounce supported by better market sentiment.
Key price levels traders are watching
In the short term, traders are focused on the $331 to $334 resistance zone. If XMR holds above that range, the next area in view is $347 to $350. On the downside, support sits near $328 and $325. A break below $325 could open the way for a retest of the $315 area.
What stands out in the latest data is the combination of steady network usage and a quick price recovery. Exchange pressure has not erased activity on Monero, and the token has staged a visible rebound. For now, trading volume remains one of the main signals being watched as the move develops.