Despite the ongoing attempts of law enforcement agencies worldwide to repel illegal activities on the Internet and the General bear market in recent months, the volume of bitcoin transactions in the darknet in 2018 exceeded $600 million this is stated in the new report of the analytical company Chainalysis.

Darknet markets are immune to the volatility of cryptocurrency markets, according to our research findings. Get a preview of our deep dive into darknet markets with the first blog in our Crypto Crime series. #cryptocurrency #cryptocrime https://t.co/blJCgZdxRA

— Chainalysis (@chainalysis) 18 Jan 2019

As stated in the study, the General trend in darknet is that the one the authorities closed the site immediately appear other, occupying its place in the market.

As shown in the graph below, the peak inflow of bitcoins to the identified darknet sites occurred in 2017, when the total volume of transactions amounted to nearly $700 million did Not prevent the closure of the popular marketplace AlphaBay in the middle of 2017 – a reduction of transaction volumes, the researchers say, was short.

As they say in Chainalysis, much of the activity that was previously tied to AlphaBay, was redirected to another popular marketplace, which is currently dominant in the darknet and at the peak exceeded AlphaBay in its volume four times.

In this case, say analysts, despite the market decline, reducing the activity on the darknet is observed on. Moreover, it was possible to observe that, despite the decline of quotations, the volume of transactions in dollar terms for most part of last year showed growth, reaching a total figure of $603 million

The full report Chainalysis activity on the darknet should be out in late January, but not yet revealing all the details, representatives of the company say that their data also point to some interesting behavioral patterns, which will be described later.

How bitcoin brought the darknet economy to a new level, you can read in a special material ForkLog.

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