$RUNE |THORChain DEX trading volume rose to 2.7 times its usual level ($224 million in 24h vs. the usual $84.51 million).
To assess the quality of this volume surge, people usually look at three things:
· Is the trading volume coming from a single popular token?
· Have the number of trades and unique addresses increased in tandem? If only the volume rises while the number of addresses doesn’t, it may be wash trading.
· Did large arbitrage trades account for most of it?
Only if all three look normal can we call it organic demand growth.