Nexus is releasing platform statistics for the third quarter of 2025, covering activity from July through September. The data reflects continued growth in vendor participation, listing volume, and completed transactions. The platform has seen particular growth in privacy-conscious payment adoption, with Monero now accounting for the majority of transaction volume by value. This report is compiled from aggregated platform telemetry that is anonymized before analysis, consistent with the platform's minimal data retention policy.
Vendor and Listing Activity
The active vendor count at the end of Q3 2025 stands at 2,847, representing growth of approximately 19% compared to the same period in 2024. Of these, 1,104 vendors have been on the platform for more than 12 months, indicating healthy vendor retention alongside new account growth. New vendor applications in Q3 totaled 612, with 71% completing the full verification protocol introduced in July. Listing volume reached 47,300 active listings at quarter close, with the highest concentration in the digital goods and substances categories.
Vendor rating distribution remained stable, with 62% of active vendors holding a rating of 4.5 or above (out of 5.0). The mean feedback score across all active vendor accounts is 4.41, essentially unchanged from Q2. The low variance in ratings reflects consistent service quality among established vendors and the natural churn of lower-rated accounts exiting the marketplace.
Transaction Volume and Payment Methods
Completed transactions in Q3 totaled approximately 184,000, a 23% increase over Q3 2024. The aggregate value of completed transactions is not published for security reasons, but the distribution by payment method shows Monero at 58% of transaction value, Bitcoin at 31%, and Litecoin at 11%. Monero's share has grown from 44% a year ago, consistent with the broader trend toward privacy-preserving payments within the marketplace community.
The average transaction value increased modestly, reflecting both natural price changes in cryptocurrency and a shift toward higher-value purchases in certain categories. The dispute rate for Q3 was 2.3% of completed transactions -- down from 2.8% in Q2 -- representing a meaningful improvement attributable in part to the enhanced vendor verification protocol.
Dispute and Resolution Statistics
Of the disputes filed in Q3, 67% were resolved in the buyer's favor, 24% in the vendor's favor, and 9% resulted in negotiated partial settlements. The mean time from dispute filing to resolution was 4.1 days, down from 6.7 days in Q2 following the July dispute system overhaul. Appeal utilization is tracking at 6.2% of decided disputes, with 8.4% of appealed decisions resulting in a reversal -- consistent with the design target of the appeal mechanism. Full platform documentation is available on the platform information page. Payment guidance is in the cryptocurrency guide.