By looking looking on coingecko, you can notice a volume declining over the years and I might identified the issue, that could be seen as an iceberg.

Visible level : Spot/Perp/DEX prices

Deep level (not tracked) : crypto-swap exchange, localmonero or atomicswaps

Theres a looot of volume not tracked in the deep level, since a monero user is most likely using these ways (just look the last bad new it was a “nokyc” swap)

How this can be solved ?

  • obitor_xmr@monero.imOP
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    9 months ago

    For people downvoting, have fun keeping paper monero exchanges deciding of the price, because the actual volume isn’t shown. (My own opinion on that topic)

    • admin@monero.townM
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      9 months ago

      Most of the downvotes are from lemmy.world who have made it their new hobby to downvote posts on our instance, don’t take it personal :)

    • tusker@monero.town
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      9 months ago

      Just sour commies, lemmy is infested with them, angry because Monero is immune to the whims of corrupt central planning control freaks.