You are currently viewing What does daily volume mean?

What does daily volume mean?

Daily volume refers to the total value – in monetary terms – a given cryptocurrency has traded in a single day.

For investors, daily volume is a relevant measure when compared to total volume. If the volume of crypto traded in a single day is high relative to the circulating supply, there is elevated interest in the crypto – for better or worse – suggesting that price movement may be more likely.

In addition, an investor can use the daily trading volume over time as a signal of the growing or decreasing interest in a cryptocurrency. After all, the price of a cryptocurrency is determined by supply and demand.


This material is for informational purposes only and should not be construed as financial, legal, or tax advice. You should consult your own financial, legal, and tax advisors before engaging in any transaction. Information, including hypothetical projections of finances, may not take into account taxes, commissions, or other factors which may significantly affect potential outcomes. This material should not be considered an offer or recommendation to buy or sell a security. While information and sources are believed to be accurate, UNest does not guarantee the accuracy or completeness of any information or source provided herein and is under no obligation to update this information.