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Hydra is the name of one of the largest darknet marketplaces. It is seemingly based in Russia.[1] Public information about Hydra, like other darknet enterprises, is scarce.

According to the Russian language website "Project," there are 2.5 million accounts registered on Hydra, although less than 400,000 of them have ever traded. Illegal drugs are the most popularly traded type of product with activities centered in Moscow and St. Petersburg.[2]

According to CoinDesk's Anna Bayadakova who accessed Hydra's investment memorandum, Hydra launched an ICO on December 16, 2019, with the goal of raising $146 million through the sale of tokens in an initial coin offering (ICO). The coin is called the Eterno.