Trading volume is the amount of an asset traded during a period of time, often shown in token units or dollar value.
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Short definition
Volume is trading volume is the amount of an asset traded during a period of time, often shown in token units or dollar value.
Simple explanation
Volume can indicate activity, but it can be misleading if liquidity is thin, data is incomplete, or trading is artificial.
Why it matters
Volume helps readers evaluate market activity, but it should be checked alongside liquidity, holders, and transaction data.
Example context
A DEX pair may show 24-hour trading volume based on swaps that happened in that liquidity pool.