99.9% Of Bitcoin Transactions DON’T Go To The Darknet
This is good for those who always try to prop-up the darknet as a reason to slam Bitcoin, it simply isn’t true:
Report: 99.9% of Bitcoin transactions don’t go to the darknet
According to new research, the total fraction of cryptocurrency transactions heading to darknet services has fallen by more than 90% since 2015.
The data, collected by blockchain analysis firm Chainalysis, indicates that the number of cryptocurrency transactions—as a percentage of total Bitcoin transactions—heading to services on the darknet reached just 0.08% in 2019. This is down considerably from more than one percent just four years prior but is up slightly from last year’s all-time low of 0.04%.
While the amount of Bitcoin sent to darknet markets rose from just over $400 million to nearly $800 million, that comes in line with increased Bitcoin activity. For example, Bitcoin saw $20 billion more trading volume every day throughout 2019 on average, compared to the previous year.