Shutting down a third of the Net 1

eDonkey, a leading peer-to-peer file sharing service, just announced that it’s shutting down in response to a cease-and-desist letter from the record industry. Post-Grokster, the company decided, the legal risk is just too great.

eDonkey may not be a household name in the US, but according to Cachelogic, which tracks P2P traffic, it’s now the leading P2P network. eDonkey represents about half of P2P traffic by volume, which in turn represents 60% of all traffic on the Net.

In other words, the company responsible for about a third of all bits moving across the global Internet just shut down. And nobody seems to notice.