Introducing The Block legitimate volume index, an extension of regional exchanges on top of 'Bitwise 10'

Even though volume is not an ideal metric, especially for traders, it is still indicative of the interest as well as the usage of cryptocurrencies.

San Francisco-based asset manager Bitwise released an influential study in May which used screen scrapers to collect live trading data from over 80 exchanges. Its goal was to determine which exchanges weren't faking their volume.