Chainalysis: Total darknet market revenue will be $1.5 billion in 2022, down from $3.1 billion in 2021

According to a report released by blockchain analysis company Chainalysis, darknet markets and fraudulent stores will see their revenues decline in 2022 compared to the previous year. Total darknet market revenue will be $1.5 billion in 2022, down from $3.1 billion in 2021. Hydra Market was once again the highest-grossing darknet market in 2022, despite it being sanctioned by OFAC in April and shut down in a US-German joint operation, followed by Mega Darknet Market, Blacksprut Market and OMG!OMG! Market, with Hydra’s closure resulting in Revenues from darknet markets fell across the industry, with the average daily revenue across all markets falling from $4.2 million before the closure to $447,000 after the closure.