It is a popular community hub, succeeding the seized DeepDotWeb as a news site for discussion around market law enforcement activity and scams. It came to prominence in 2018 after Reddit banned several darknet market discussion communities. It featured 12,000 registered users within three months of being launched, and 14,683 users by June 2018.
In September 2019, roughly after one week of maintenance downtime, HugBunter's dead man's switch was activated. 
In May 2019 a moderator of Wall Street Market posted its hidden IP address to Dread, potentially leading to its exit scam and seizure shortly after. Stolen data is sometimes sold via Dread. The site features in depth guides around manufacture of illegal drugs. The shut down of Dream Market was announced on Dread. Major denial-of-service attacks have been launched against Dread and other markets exploiting a vulnerability in the Tor protocol.