Listen To Your Customers. They Will Tell You All About Hydra Market Onion

The principal payment method that facilitates trade on Hydra is bitcoin (BTC). Hydra even shows a price ticker on the top right of its own platform to ensure that its customers are conscious of the current value of bitcoin in both US dollars (USD) and Russian rubles (RUB). A report by blockchain analysis company Chainanalysis estimates that Hydra created more than $1.2 billion in crypto earnings between June 2019 and July 2020.

The Russian darknet marketplace is among the biggest prohibited marketplaces operating on the dark web. The platform has been established in 2015 to provide vendors with the ability to create individual online shops to market their products. It’s older than any of the present Western DNMs. These included an ICO to finance an expansion into new markets, Eternos, a brand new DNM for Western users, and AspaNET, a substitute for TOR. While there’s doubt as to the current status of these projects, in June of this year the Hydra team said that the projects were postponed due to the outbreak.

Hydra primarily functions as a marketplace for drugs however other contraband such as fake passports, stolen credit cards, along with counterfeit currency is also available. In this way, the current market is comparable to its pioneering predecessor Silk Road.

Besides drugs, Hydra also allows vendors to sell different types of commodities like electronic goods, SIM cards, and other miscellaneous items.

The Chainalysis report notes that these days, the DNM Hydra, is currently Eastern Europe’s»sixth-largest» crypto service by quantity in the region.

«As one of the largest darknet markets on earth, Hydra has built out a complex drug delivery system in Russia and other Eastern European countries,» the Chainalysis report notes.

«Couriers get delivery orders in a manner similar to Uber drivers and drop off packages in discrete places broadcast to buyers afterwards in order that neither party ever has to find each other or create an in-person exchange. No other areas are similar in terms of darknet market revenue or sophistication of operations,» that the Chainalysis Eastern European study concluded.

«Hydra prefers serious Russian drug sellers, only allowing sellers who would like to pay’rent’ for their shops and requiring a monthly payment of over $100 USD for use of their support,» Darkowl.com writes. «This [method] reduces the likelihood of sellers that are actually scammers law enforcement utilizing the site for entrapment and exploitation.»

On September 15, Filtermag.org published an article that interviewed a number of drug users from Russia to see how they were coping with the Covid-19 pandemic. Some of the people interviewed leveraged the flourishing DNM market in Russia, and especially discussed Hydra’s involved delivery surgeries.

One user called Sasha said that Hydra and the heavy net was beneficial toward obtaining drugs throughout the pandemic. Sasha clarifies that a range of Hydra vendors are leveraging»geotagged» places so people don’t even have to meet.

«During the outbreak, a very cool function of delivery appeared on Hydra,» Sasha said in her interview. «To use it, you need to pay five million rubles [$67], but the’treasure’ (drugs) is placed as near as possible to the location you suggested. The pleasure isn’t cheap, but perhaps such a trend is summarized in connection with the pandemic and lockdowns.»

Vendors, for example Walt Disney Drugs, Pyramid Market, and PokemonGo, flaunt their product, which includes detailed descriptions and customer testimonials to ensure buyers know what they’re purchasing.

In lots of ways, darknet marketplaces like Hydra mimic the consumer experience of internet retail platforms like Amazon, which can be among those aspects that contribute to their popularity with customers prepared to engage with prohibited market places.

Hydra’s’Complex Medication Delivery System’ at Russia Overshadows Western Darknet Markets

On September 14, the blockchain analysis company Chainalysis reported to the infamous Russian darknet marketplace (DNM) called Hydra and also noted that the DNM is Eastern Europe’s»sixth-largest service by quantity in the area.» Moreover, the report also reveals that Hydra has produced a»complex drug delivery system» within Russia and throughout various countries in Europe too.

Russia’s Hydra Market: The 6th Largest Crypto Service by Volume in Eastern Europe

In the end of August, the darknet marketplace (DNM) community said goodbye to the Empire Market, which suddenly decided to exit scam on August 22. News.Bitcoin.com reported about the aftermath and how DNM patrons scrambled to locate options.

On Monday, Chainalysis released a report about the cryptocurrency market action in Eastern Europe this year, and the company’s discovering touched on the Russian DNM called Hydra.

The darknet marketplace Hydra was started in 2015 and it ran alongside the notorious Russian Anonymous Marketplace (RAMP). However, Hydra catered it’s primary focus on drugs and RAMP vanished in late 2017. Reports highlight that after RAMP’s passing,»Hydra witnessed an increase in user registrations and seller activity.»

Hydra’s Dropgangs and Dead Drops

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