Q4 2025 Market Statistics Released — January 2026 illustration

Background

The Wethenorth Darknet marketplace released its Q4 2025 activity report through community forum channels in January 2026. The report, presented in anonymized aggregate form, showed continued platform growth across all measured dimensions.

Details and Context

Key metrics: registered accounts exceeded 340,000 for the first time; active listings stood at 8,400+; verified vendor count grew 18% year-over-year to 2,100+; and XMR adoption reached 78% of all transactions by value. The dispute rate held steady at approximately 4%, with resolution averaging under 24 hours.

Community Response and Implications

The report identified cannabis and pharmaceutical categories as accounting for approximately 56% of all listings by count. The community discussed the continuing shift from BTC to XMR as reflecting broader awareness of Bitcoin's traceability vulnerabilities following several high-profile chain analysis cases in 2024.