EvgenyGaevoy: Perps Volume Uses Notional Exposure

EvgenyGaevoy dismantled ongoing confusion around volume reporting in perps and prediction markets, stressing that notional exposure delivers actionable data comparable to open interest while collateral-based figures reveal nothing about real activity. This convention mirrors TradFi practices and applies directly to BTC perpetuals where $1 margin at 100x leverage registers as $100 volume. The same logic governs prediction markets, where a $0.03 probability trade on an event still books $1 total volume because counterparties lock opposing exposure up to $0.97. EvgenyGaevoy noted no consistent alternative exists that remains informative, rejecting claims of fake volume tied to leverage and confirming every major perp protocol follows identical notional sizing for accurate perp volume calculation and prediction market volume tracking.