Monero（XMR）由於流動性和可及性挑戰將DarkNet市場帶回比特幣（BTC），因此失去了抓地力

Darknet市場的秘密世界，這是一個隱藏在加密網絡中的非法商業的陰影領域，正在經歷重大的轉變

Clandestine world of darknet markets, a shadowy realm of illicit commerce hidden within encrypted networks, is undergoing a significant transformation in its preferred cryptocurrency.

Darknet Markets的秘密世界是隱藏在加密網絡中的非法貿易的陰影境界，它的首選加密貨幣正在發生重大的轉變。

Once the darling of privacy-conscious vendors and buyers, Monero (XMR) is losing its grip as liquidity and accessibility challenges, exacerbated by major exchange delistings, are driving darknet markets back into the arms of Bitcoin (BTC).

一旦成為隱私意識的供應商和買家的寵兒，Monero（XMR）就失去了抓地力，因為流動性和可及性挑戰受到重大交換脫穎而出的加劇，正在將Darknet市場恢復到比特幣（BTC）的懷抱中。

This shift, according to Eric Jardine, cybercrime research lead at Chainalysis, reflects a fundamental principle of economics: liquidity and accessibility reign supreme.

埃里克·賈丁（Eric Jardine）認為，這種轉變是鏈分析的網絡犯罪研究負責人，反映了經濟學的基本原則：流動性和可及性統治。

“After major exchanges delisted XMR, we observed a larger increase in bitcoin inflows. Less accessibility is steering users back toward bitcoin,” Jardine revealed in an interview with CoinDesk.

賈丁在接受Coindesk的採訪時透露：“在大型交流XMR之後，我們觀察到比特幣流入量的增加。較少的可訪問性將用戶轉移到比特幣上。”

The narrative surrounding darknet market cryptocurrency usage has changed dramatically in recent years. Many Western markets, seeking to enhance anonymity and evade law enforcement scrutiny, had transitioned to Monero, either exclusively or in parallel with Bitcoin. Monero’s inherent privacy features, designed to obfuscate transaction details, made it an attractive alternative for illicit activities.

近年來，圍繞DarkNet市場加密貨幣的敘述發生了巨大變化。許多尋求增強匿名性並逃避執法審查的西方市場已完全或與比特幣並行過渡到Monero。 Monero的固有隱私功能旨在混淆交易細節，使其成為非法活動的誘人替代品。

However, the tide has turned.

但是，潮流已經轉變。

The catalyst for this shift lies in the decision of major cryptocurrency exchanges to delist Monero and other privacy-focused tokens. OKX, a prominent exchange, removed XMR, Dash (DASH) and ZCash (ZCH) from its platform in late 2023, citing regulatory concerns and evolving compliance standards.

這種轉變的催化劑在於主要加密貨幣交流向Delist Monero和其他以隱私為中心的代幣進行的決定。 OKX是一場突出的交流，於2023年末從其平台上刪除了XMR，DASH（DASH）和ZCASH（ZCH），理由是監管問題和不斷發展的合規性標準。

Binance, the world’s largest cryptocurrency exchange by trading volume, followed suit in February 2024, announcing its intention to delist Monero.

Binance是全球最大的加密貨幣交易所，通過交易量，在2024年2月宣布，宣布打算授予Monero。

“When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it,” Binance stated, highlighting the growing regulatory pressures surrounding privacy-focused cryptocurrencies.

Binance表示：“當硬幣或代幣不再符合該標准或行業的變化時，我們進行了更深入的審查，並可能將其推遲。”

The impact of these delistings is evident in on-chain data. BitInfoCharts reveals a stark decline in daily Monero transactions, which have nearly halved compared to the same period last year. This decline in transaction volume highlights the liquidity challenges facing Monero as its overall accessibility lessens.

這些脫節的影響在鏈上數據中很明顯。 Bitinfocharts揭示了每日Monero交易的急劇下降，與去年同期相比，這幾乎減半了。交易量的下降凸顯了Monero面臨的流動性挑戰，因為其總體可及性降低了。

“In order to be an effective kind of medium of exchange, you need a certain amount of liquidity and a certain amount of accessibility,” Jardine emphasized, highlighting the fundamental requirements for any cryptocurrency to function as a viable medium of exchange.

賈丁強調說：“為了成為一種有效的交換媒介，您需要一定程度的流動性和一定程度的可訪問性。”強調了任何加密貨幣作為可行的交換媒介的基本要求。

The Paradox of Privacy: Liquidity vs. Anonymity

隱私的悖論：流動性與匿名性

The resurgence of Bitcoin in darknet markets highlights the tension between privacy and liquidity. While Monero offers enhanced anonymity features, its reduced accessibility and liquidity have diminished its appeal as a medium of exchange.

比特幣在暗網市場中的複興突出了隱私與流動性之間的張力。儘管Monero提供了增強的匿名功能，但其可訪問性降低和流動性降低了其作為交換媒介的吸引力。

Bitcoin, despite its transparent blockchain, remains the dominant cryptocurrency, boasting unparalleled liquidity and widespread acceptance. This makes it the preferred cryptocurrency for darknet market vendors who need to quickly and easily convert their earnings.

儘管比特幣具有透明的區塊鏈，但仍然是主要的加密貨幣，具有無與倫比的流動性和廣泛接受。對於需要快速，輕鬆轉換其收益的DarkNet市場供應商來說，這使其成為首選的加密貨幣。

This shift highlights a fundamental challenge for privacy-focused cryptocurrencies: achieving widespread adoption while maintaining robust anonymity features. The regulatory pressures and exchange delistings have created a paradoxical situation, where privacy coins are struggling to gain the same level of adoption as Bitcoin.

這種轉變突出了針對隱私的加密貨幣的基本挑戰：在保持強大的匿名功能的同時，獲得廣泛的採用。監管壓力和交換脫穎而出造成了矛盾的局面，隱私硬幣正在努力獲得與比特幣相同的收養水平。

The Broader Context: Illicit Cryptocurrency Activity and Law Enforcement Scrutiny

更廣泛的背景：非法加密貨幣活動和執法審查

While the shift in darknet market cryptocurrency usage is noteworthy, it’s crucial to contextualize illicit cryptocurrency activity within the broader crypto landscape. Jardine emphasizes that illicit transactions represent a minuscule fraction of total crypto activity.

儘管DarkNet市場加密貨幣的轉變值得注意，但在更廣泛的加密景觀中，將非法加密貨幣活動與非法加密貨幣活動相關至關重要。 Jardine強調，非法交易代表了總加密活動的微小部分。

“Typically, we see illicit transactions at or below 1% of total crypto activities,” Jardine stated. “Addressing these issues is important, but broadly labeling crypto negatively is inaccurate and unproductive.”

賈丁說：“通常，我們看到非法交易占總加密活動的1％或低於1％。” “解決這些問題很重要，但是對加密貨幣的廣泛標記是不准確和無生產力的。”

Chainalysis data corroborates this assertion, indicating that approximately 0.14% of all cryptocurrency transactions, amounting to roughly $50 billion, involve illicit activity. This data underscores the fact that the vast majority of cryptocurrency transactions are legitimate and contribute to the growth of the digital asset ecosystem.

鏈分析數據證實了這一主張，表明所有加密貨幣交易中約有0.14％涉及大約500億美元，涉及非法活動。這些數據強調了絕大多數加密貨幣交易都是合法的事實，並有助於數字資產生態系統的增長。

However, law enforcement agencies remain vigilant in their efforts to combat illicit cryptocurrency activity, particularly in the context of darknet markets. Jardine notes that authorities prioritize these markets based on their scale and involvement in the fentanyl trade.

但是，執法機構對打擊非法加密貨幣活動的努力仍然保持警惕，尤其是在暗網市場的背景下。賈丁（Jardine）指出，當局根據這些市場的規模和參與芬太尼貿易來優先考慮這些市場。

The fentanyl trade, a scourge on global health, has become a focal point for international law enforcement. Darknet markets that facilitate the sale of fentanyl or its precursor chemicals are subject to heightened scrutiny and targeted enforcement actions.

芬太尼貿易是全球健康禍害，已成為國際執法部門的重點。促進芬太尼或其前體化學物質的銷售的暗網市場受到審查和有針對性的執法措施的嚴格審查。

“Markets have sort of varying levels of sensitivity to fentanyl-related sales,” Jardine explained. “Some claim they don’t do it, then don’t police vendors; some claim they don’t do it, but then they do. Some will be selling precursor products but not finished products.”

賈丁解釋說：“市場對芬太尼相關的銷售的敏感性有所不同。” “有些人聲稱他們不這樣做，然後沒有警察供應商；有些人聲稱他們不這樣做，但是他們這樣做了。有些人會出售前體產品，但不會出售成品。”

The recent takedown of the Nemesis online market by U.S. law enforcement highlights the heightened focus on fentanyl-related darknet activity. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) specifically cited the market’s role in the fentanyl trade as a reason for its designation.

美國執法部門最近對仇敵在線市場的撤銷突出了人們對芬太尼相關的黑網活動的重視。美國財政部外國資產控制辦公室（OFAC）特別引用了市場在芬太尼貿易中的作用，這是其指定的原因。

The Stablecoin Surge: A New Frontier for Illicit Transactions

Stablecoin激增：非法交易的新領域

In addition to Bitcoin,

除了比特幣，