Organic Volume

Definition ∞ Organic Volume represents genuine trading activity on an exchange, originating from actual user demand and supply interactions. This metric excludes artificial transaction flows, such as wash trading or other manipulative practices designed to inflate reported trading figures. Organic volume reflects authentic market participation and liquidity. It is a more accurate indicator of market health than reported volume alone.
Context ∞ The distinction between organic and reported trading volume is a significant discussion point for market integrity and transparency in the digital asset sector. Regulators and data providers increasingly focus on identifying and promoting exchanges with verifiable organic volume. This focus helps provide a more reliable assessment of market liquidity and investor interest.