RUNE price vs Swapper activity

    In this dashboard, I will analyse the relationship between Rune Price and Trade Volume, measured in the total cost of swapped assets.

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    This chart highlights the swap volume in USD, I have chosen to look at both charts in an hour format as this gives a more granular view of activity. Notice the increase in volume on October the 21st at 12.00pm and November 01 at 1am.

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    The price of rune has been in a steady up-trend, this coincides with an overall uptrend in the cryptocurrency market. There are moments of increased volume on the swap volume chart(October the 21st at 12.00pm and November 01 at 1am) that coincide with the upward movement of the price of rune where we can see a relationship. However the price continues on an upward trajectory despite dips in volume.

    I believe due to the strong overall market it is difficult to find a strong relationship between the overall price and volume due to the lack of relationship between dips in volume and dips in price, despite that there is still a relationship there at moments of high volume.