While Western darknet markets faltered, Russian platforms dominated Bitcoin and TRON drug sales, analysts at TRM Labs say.
Darknet marketplaces saw a slight revenue bump in 2024, bringing in over $1.7 billion, with Russian-language platforms still leading the way in crypto drug sales, analysts at blockchain forensic firm TRM Labs say.
In their latest 2025 Crypto Crime Report, the analysts pointed out that Russian-language marketplaces have been the main drivers of illicit drug sales, accounting for over 97% of overall revenue in Bitcoin (BTC) and TRON (TRX).
“Despite the many challenges faced by darknet marketplaces over the course of 2024, these platforms have nevertheless seen a slight increase of income compared to 2023, generating more than $1.7 billion.”
TRM Labs
The relative safety from law enforcement in Russia has allowed these marketplaces to flourish, the analysts say, adding that some platforms continue to use dead drop-based delivery models and rely on cheap precursor chemicals from China.
“[…] focus on synthetic drugs, and the wide availability and low price of drug precursor chemicals typically imported from China — have enabled Russian-language darknet marketplaces to thrive.”
TRM Labs
On the other hand, Western darknet markets had a rough year in 2024. With several exit scams and law enforcement crackdowns, trust in these platforms took a hit, especially after the Incognito Market exit scam in March.
Meanwhile, Russian-language markets stayed steady, with just four platforms leaving. Analysts point out that these platforms avoid exit scams, choosing instead to shut down voluntarily and let users withdraw their funds.
