Monero is dying. The only thing keeping monero alive is kraken. - People convert dollar into XMR - Buy drugs - Dealers convert XMR back to dollar That's how it works. Without dollar conversion, the only thing XMR can buy are drugs. Nobody survive only on drugs. Dealers don't sell drugs to buy other drugs. When a currency can only be used in online black mark, it is dead. It is infinitely worse than just using the dollar bill. That's why Ethereum privacy asset will be the only useful privacy currency. Guaranteed on/off ramp with DEX and stablecoins. Even if all DEX bans the private token, you can just deploy your own DEX. There is no way to ban it.
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