Transaction volume in USD

What is the “Transaction volume in USD”?

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

Why is the “Transaction volume in USD” 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.