**[TRM Labs: Despite Delisting from Major Exchanges, Monero Network Activity Rises Instead of Falling]** BlockBeats News, February 17—According to the latest research from TRM Labs, despite privacy coins being delisted by major cryptocurrency exchanges, Monero's activity has remained stable. Research data indicates that transaction usage in 2024 and 2025 remains higher than levels prior to 2022. TRM Labs, in its analysis of market trends and the underlying infrastructure of the network, pointed out that even after many large exchanges removed or restricted the token due to traceability concerns, demand has not diminished. In 2024, major exchanges including Binance and Kraken delisted or gradually phased out Monero due to compliance considerations. This year, Dubai's financial regulators prohibited licensed platforms within the Dubai International Financial Centre from listing privacy coins like Monero and Zcash, further increasing pressure. The research also revealed that Bitcoin remains the preferred currency for real-world ransomware payments. Ransomware operators often request Monero and sometimes even offer discounts, but victims still tend to pay with Bitcoin. However, dark web markets appear to be evolving in the opposite direction. Researchers found that among markets launched in 2025, 48% exclusively support Monero, marking a "significant increase" compared to earlier years.