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Blockchain research firm TRM Labs reported that cryptocurrency transaction volume (including Bitcoin, Ethereum, TRON, Binance Smart Chain, and Polygon) surged by 56% year-over-year (y-o-y) to $10.6 trillion in 2024, according to its own release. Despite the increase, the share of overall transaction volume attributed to illicit activities declined over the period. Preliminary analysis reveals that illicit transaction volume totaled just $45 billion in 2024, down 24% y-o-y.
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