daily total volume for perp dexes is a useless metric right now due to incentive games and airdrop farmers. Aster seeing $50b+ in daily volume is not a sign of adoption, it's just mercenary capital farming a $700m 4-week airdrop campaign. One metric to identify more organic activity currently is looking at activity on a popular alt like XPL: Bottom 3 exchanges have similar total OI numbers but very different amounts of OI for XPL. If a venue does billions of dollars in daily volume on BTC & ETH but sees no activity for the alts taking up a ton of mindshare like e.g XPL then are there even any organic users on the exchange?(Thor)