الصفقات غير القانونية على السلسلة تتجاوز 154 مليار دولار: العملات المستقرة تصبح الأداة الرئيسية، والرقم القياسي في 2025 على الأبواب

【Blockchain Motive】A latest research report released by Chainalysis, an on-chain data tracking institution, has sent some signals to the market that warrant serious attention. With 2025 just beginning, the scale of illegal cryptocurrency transactions has already surged to $154 billion, more than doubling compared to last year—a year-on-year growth of 162%. What is the most striking change? The amount of funds received by sanctioned entities skyrocketed by 694%, indicating that crypto channels in cross-border payments are being utilized more broadly.

What deserves even more attention is that stablecoins are becoming the primary tool for illegal transactions. According to the data, stablecoins have already captured 84% of all illegal transaction volumes, becoming almost the absolute dominant force. The report also mentions that illegal organizations have now established a mature on-chain infrastructure system to help international criminal networks acquire goods and launder illegal proceeds, with the entire ecosystem becoming increasingly professionalized.

Interestingly, although this surge is primarily driven by the growth in funds to sanctioned entities, even if this portion returns to normal historical levels, the 2025 illegal crypto transaction data would still break records, because activity volumes in most other crime categories are also rising. In other words, this is not merely an anomaly in a single sector, but rather an overall expansion of the trend.