People assume higher trading volumes -> superior product.
Yet if volumes are artificially inflated* it distorts the image of popularity.
When I worked at a Korean CEX, remember how much competitors wash traded volumes in Korea but also China etc.
because they would charge higher listing fees (and most token teams had little knowledge on wash-trading).
Following the recent Kalshi drama, I am now unsure how reliable is to use trading volumes for PMs.
*Not saying Kalshi does since I didn't do research myself