According to a recent analysis by Arkham, Tornado Cash is still the largest crypto mixer on Ethereum, even after the August 2022 US Treasury sanctions. $77.35M in assets flowed through its contracts on ETH Mainnet in the past 30 days.
Tornado Cash operates on 7 different chains, and obfuscates transfers of 10 different crypto-assets. The most mixed asset is native ETH on Ethereum Mainnet - at its peak in July 2021, Tornado Cash held over $700M of ETH in its pool contracts.
Tornado’s assets dropped by over 60% after it was sanctioned by US Treasury, and transfer volume fell dramatically. But TVL and transfer volume later recovered somewhat, despite the arrest of 2/3 of Tornado’s founders. Tornado TVL currently stands at ~118.3K ETH ($187.9M).
Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!
Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com
DeFi
