Transaction volume

What is the “Transaction volume”?

The aggregate volume of transactions of a particular crypto recorded on-chain (on supported networks) in native units.

Why is the “Transaction volume” important?

Transaction volume represents the overall activity of a market and is treated as a fundamental indicator. Investors can use transaction volume to identify an emerging or growing trend, or a trend reversal.

Transaction volume can also help an investor determine the liquidity of a coin. A higher value of transaction volume usually indicates a higher level of adoption of this cryptocurrency among investors.

Data source

Metrics displayed across crypto fundamentals are powered by third-party data providers, which may include Glassnode, Coinmetrics, LunarCrush, and DefiLlama. The specific provider or combination of providers behind any given metric may vary.