Illicit Markets Dodge Regulations with $26 Billion in On-Chain Transactions

DMN flows reach nearly $2.6 billion in 2025, despite regulatory efforts. Darknet market activity persists, with aggregate DNM transactions amounting to billions. Chainalysis data underscores resilience of illicit markets. Researchers track on-chain activity from fentanyl sales to online fraud, highlighting evolution of dark net's ecosystem. Illicit operations adapt to enforcement efforts, remaining a significant force in crypto.