However, if we look more closely, we see that nearly all of the growth in darknet market activity we see in 2020 can be attributed to one specific market: Hydra. If we exclude Hydra, we see that darknet market revenue stayed roughly flat from 2019 to 2020.
What are the different types of crypto exchanges?
Standard crypto exchanges, peer-to-peer (P2P) exchanges, high-risk exchanges, and other darknet markets account for nearly all of the cryptocurrency sent to darknet markets.
How did darknet market revenue change from 2019 to 2020?
If we exclude Hydra, we see that darknet market revenue stayed roughly flat from 2019 to 2020. Hydra is unique in that it only serves Russian-speaking countries, and is by far the largest darknet market in the world, accounting for over 75% of darknet market revenue worldwide in 2020.
