November 2025 Crypto Payment Statistics: Monero Extends Its Majority
This report is part of our monthly crypto merchant data series. See all NanoGPT crypto payment statistics.
November delivered some dramatic shifts: Monero extended its majority, Bitcoin on-chain took its biggest tumble yet, and the mid-tier coins saw high growth.
Here's the breakdown.
Monero Extends Its Lead
Monero climbed to 52.32% of all payments, up from October's 50.28%. Privacy-first demand shows no signs of slowing.
Nano Holds Steady
Nano came in at 16.13%, nearly identical to October's 16.38%. Consistent and reliable in the silver position.
Bitcoin On-Chain Tumbles
On-chain Bitcoin dropped sharply to 8.53% from 15.00% in October. However, Lightning surged to 2.78% (up from 1.81%), suggesting users are migrating to faster, cheaper BTC rails. Combined, BTC + LN now represent 11.31%, down significantly from October's 16.81%.
USDC Eases Slightly
USDC (previously reported as ETH) came in at 6.55%, down from 7.10% in October. Still a solid fourth place.
Zcash and Lightning Lead the Gainers
Zcash jumped to 2.35% from 1.39%, nearly doubling its share. Litecoin held steady at 2.72% (vs. 2.75% in October).
TON, DASH, and SOL Surge
TON more than tripled to 1.82% from its October debut of 0.51%. DASH nearly tripled as well, rising to 1.76% from 0.60%. Solana also saw strong growth, climbing to 2.11% from 1.22%.
The Full Data
Here's the complete breakdown for all coins in November:
- XMR: 52.32%
- XNO: 16.13%
- BTC: 8.53%
- USDC: 6.55%
- BTC-LN: 2.78%
- LTC: 2.72%
- ZEC: 2.35%
- SOL: 2.11%
- TON: 1.82%
- DASH: 1.76%
- BCH: 0.64%
- DOGE: 0.38%
- VERSE: 0.14%
- BAN: 0.11%
- ETH: 0.04%
- LTC-MWEB: 0.03%
- POL: 0.00%
- Other: 1.79%
Takeaways
- XMR continues its dominance, now commanding over half of all payments.
- BTC on-chain fell hard, but Lightning picked up some slack with its best month yet.
- TON, DASH, and SOL showed explosive growth, with TON and DASH roughly tripling their October shares.
- ZEC privacy appeal is resonating, nearly doubling month-over-month.
That wraps November! Monero's continued dominance cements privacy-first demand. Keep an eye on Lightning's momentum as Bitcoin users shift to layer 2.
