Monero（XMR）由于流动性和可及性挑战将DarkNet市场带回比特币（BTC），因此失去了抓地力

Darknet市场的秘密世界，这是一个隐藏在加密网络中的非法商业的阴影领域，正在经历重大的转变

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的秘密世界是隐藏在加密网络中的非法贸易的阴影境界，它的首选加密货币正在发生重大的转变。

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).

一旦成为隐私意识的供应商和买家的宠儿，Monero（XMR）就失去了抓地力，因为流动性和可及性挑战受到重大交换脱颖而出的加剧，正在将Darknet市场恢复到比特币（BTC）的怀抱中。

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·贾丁（Eric Jardine）认为，这种转变是链分析的网络犯罪研究负责人，反映了经济学的基本原则：流动性和可及性统治。

“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.

贾丁在接受Coindesk的采访时透露：“在大型交流XMR之后，我们观察到比特币流入量的增加。较少的可访问性将用户转移到比特币上。”

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.

近年来，围绕DarkNet市场加密货币的叙述发生了巨大变化。许多寻求增强匿名性并逃避执法审查的西方市场已完全或与比特币并行过渡到Monero。 Monero的固有隐私功能旨在混淆交易细节，使其成为非法活动的诱人替代品。

However, the tide has turned.

但是，潮流已经转变。

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.

这种转变的催化剂在于主要加密货币交流向Delist Monero和其他以隐私为中心的代币进行的决定。 OKX是一场突出的交流，于2023年末从其平台上删除了XMR，DASH（DASH）和ZCASH（ZCH），理由是监管问题和不断发展的合规性标准。

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

Binance是全球最大的加密货币交易所，通过交易量，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：“当硬币或代币不再符合该标准或行业的变化时，我们进行了更深入的审查，并可能将其推迟。”

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.

这些脱节的影响在链上数据中很明显。 Bitinfocharts揭示了每日Monero交易的急剧下降，与去年同期相比，这几乎减半了。交易量的下降凸显了Monero面临的流动性挑战，因为其总体可及性降低了。

“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.

贾丁强调说：“为了成为一种有效的交换媒介，您需要一定程度的流动性和一定程度的可访问性。”强调了任何加密货币作为可行的交换媒介的基本要求。

The Paradox of Privacy: Liquidity vs. Anonymity

隐私的悖论：流动性与匿名性

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.

比特币在暗网市场中的复兴突出了隐私与流动性之间的张力。尽管Monero提供了增强的匿名功能，但其可访问性降低和流动性降低了其作为交换媒介的吸引力。

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.

尽管比特币具有透明的区块链，但仍然是主要的加密货币，具有无与伦比的流动性和广泛接受。对于需要快速，轻松转换其收益的DarkNet市场供应商来说，这使其成为首选的加密货币。

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.

这种转变突出了针对隐私的加密货币的基本挑战：在保持强大的匿名功能的同时，获得广泛的采用。监管压力和交换脱颖而出造成了矛盾的局面，隐私硬币正在努力获得与比特币相同的收养水平。

The Broader Context: Illicit Cryptocurrency Activity and Law Enforcement Scrutiny

更广泛的背景：非法加密货币活动和执法审查

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.

尽管DarkNet市场加密货币的转变值得注意，但在更广泛的加密景观中，将非法加密货币活动与非法加密货币活动相关至关重要。 Jardine强调，非法交易代表了总加密活动的微小部分。

“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.”

贾丁说：“通常，我们看到非法交易占总加密活动的1％或低于1％。” “解决这些问题很重要，但是对加密货币的广泛标记是不准确和无生产力的。”

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.

链分析数据证实了这一主张，表明所有加密货币交易中约有0.14％涉及大约500亿美元，涉及非法活动。这些数据强调了绝大多数加密货币交易都是合法的事实，并有助于数字资产生态系统的增长。

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，执法机构对打击非法加密货币活动的努力仍然保持警惕，尤其是在暗网市场的背景下。贾丁（Jardine）指出，当局根据这些市场的规模和参与芬太尼贸易来优先考虑这些市场。

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.

芬太尼贸易是全球健康祸害，已成为国际执法部门的重点。促进芬太尼或其前体化学物质的销售的暗网市场受到审查和有针对性的执法措施的严格审查。

“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.”

贾丁解释说：“市场对芬太尼相关的销售的敏感性有所不同。” “有些人声称他们不这样做，然后没有警察供应商；有些人声称他们不这样做，但是他们这样做了。有些人会出售前体产品，但不会出售成品。”

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.

美国执法部门最近对仇敌在线市场的撤销突出了人们对芬太尼相关的黑网活动的重视。美国财政部外国资产控制办公室（OFAC）特别引用了市场在芬太尼贸易中的作用，这是其指定的原因。

The Stablecoin Surge: A New Frontier for Illicit Transactions

Stablecoin激增：非法交易的新领域

In addition to Bitcoin,

除了比特币，