I wish it were that simple. It only shows relative interest over time.

Monero went through heavy fractional reserving from 2019-2023 and through delistings from ALL major exchanges 2022-2024.

This alone might explain past performance worse than most shitcoins.

But CEX delistings served in three ways.

Increasing privacy

Increasing self-custody to nearly 100% (no more fractional reserves)

Increasing demand for P2P and DEX

Ironically this is what is needed to decouple from cantillionare price manipulators.