Darknet market revenue plummeted to $1.3 billion in 2022

Revenues earned by darknet markets fell from $2.6 billion in 2021 to $1.3 billion in 2022, according to new research.

Much of the decline was attributed by researchers at blockchain analysis firm Chainalysis to the shutdown of Hydra Market, which was taken down by law enforcement agencies in Germany and the U.S. in April 2022. Even with that shutdown, Hydra Market led the way for 2022 as the highest-earning darknet market. 

The leading markets still in operation – Mega …

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