$PENDLE ｜Pendle trading volume has risen to 3.3 times its usual level (24h: $122 million vs. a daily average of $36.47 million).
To assess the quality of this volume spike, you generally look at three things:
Are the trades coming from a single popular trading pair?
Have the number of trades and unique addresses both increased? If only the volume is up but the number of addresses isn’t, it could be wash trading.
Have large arbitrage trades accounted for most of the volume?
If all these indicators look normal, then you can call it a genuine recovery in demand.
To assess the quality of this volume spike, you generally look at three things:
Are the trades coming from a single popular trading pair?
Have the number of trades and unique addresses both increased? If only the volume is up but the number of addresses isn’t, it could be wash trading.
Have large arbitrage trades accounted for most of the volume?
If all these indicators look normal, then you can call it a genuine recovery in demand.
