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About this category
Privacy and mixing protocols — Tornado Cash and similar services designed to obscure the link between sender and receiver. Distinct from Bitcoin CoinJoin, which is a different on-chain pattern covered by a separate detector. Flagged as high-risk by construction.
Coverage metric
Total transfer volume (all assets) in and out of labeled mixer addresses, from crosschain.assets.transfers, 30-day window.
Why this metric
Unlike Sanctions, where near-zero activity is the expected and reassuring result, mixer volume tells a different story: $300M+ moving through labeled mixer addresses in 30 days is real, active usage — exactly the visibility compliance and risk teams need before those funds resurface downstream at an exchange or elsewhere.