How Orbit Calculates Volume

On Orbit, trading volume is measured by the user’s intended swap outcome, not by the number of intermediate steps a trade takes.

For example, if a user wants to swap TokenA → TokenB, our system only records the start-to-end trade as a single transaction with the associated notional volume.

Even if the underlying router executes it through multiple “hops” (e.g., TokenA → TokenX → TokenY → TokenB), we do not inflate the reported numbers by counting those internal swaps as separate trades or extra volume.

This way:

• Transaction count = one trade (TokenA → TokenB).

• Volume = the actual value of TokenA swapped into TokenB.

• Middle hops are ignored to avoid double counting or misleadingly high figures.