Dec 1, 2025
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 climbed to 52.32% of all payments, up from October's 50.28%. Privacy-first demand shows no signs of slowing.
Nano came in at 16.13%, nearly identical to October's 16.38%. Consistent and reliable in the silver position.
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 (previously reported as ETH) came in at 6.55%, down from 7.10% in October. Still a solid fourth place.
Zcash jumped to 2.35% from 1.39%, nearly doubling its share. Litecoin held steady at 2.72% (vs. 2.75% in October).
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%.
Here's the complete breakdown for all coins in November:
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.
