Iran’s crypto volume plunges 80% but remains structurally sound: TRM Labs
Iranian crypto transaction volume dropped 80% due to internet restrictions following military strikes, but major exchanges remain operational.Summary
According to a TRM Labs report, Iran's cryptocurrency ecosystem remains structurally sound despite an 80% plunge in transaction volume between February 27 and March 1, which TRM attributes primarily to internet restrictions following US-Israeli strikes on February 28.
Major domestic exchanges like Nobitex, Wallex, and Tabdeal are still operating in a risk-managed state, though they have implemented measures like suspended withdrawals and reduced market depth. The central bank also ordered a temporary halt to the USDT-toman pair trading on these platforms.
TRM Labs cautions against concluding capital flight occurred, noting that recent volume data aligns with "mechanical access limitations" rather than infrastructure collapse, contrasting with an earlier Elliptic analysis that suggested a 700% spike in outflows from Nobitex.
(Source：The Block)