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Top 200 Most Common Passwords | NordPass
(nordpass.com)
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Okay, so how valid is this really if they're only using those passwords that were hacked?
It's very valid. The password dumps they're analyzing aren't based on attackers brute-force, they're based on attackers breaching sites' backends and dumping the user databases. Some of these are sites with millions of records, and when you look at credential-stuffing lists (which are aggregate lists of currently-accessible accounts using previously-breached credential pairs), it adds millions more.
Sort this list by year, and you can see there's tens of millions of leaked passwords in 2025 alone: https://haveibeenpwned.com/PwnedWebsites
That makes sense, thank you.