Adjusted Volume

Definition ∞ Adjusted Volume represents the total trading activity for a digital asset after accounting for specific adjustments, such as wash trading or the exclusion of certain trading pairs. It provides a more accurate gauge of genuine market interest and liquidity than raw volume figures. This metric is crucial for discerning authentic trading dynamics from artificially inflated numbers, offering a clearer perspective on an asset’s market health.
Context ∞ Discussions surrounding Adjusted Volume often arise when analyzing market manipulation or seeking to compare liquidity across different exchanges. Analysts scrutinize this metric to validate price action and identify potential trading anomalies that might otherwise distort market perception. Its increasing importance reflects a demand for greater transparency in digital asset markets.