Markets

Issued counts mints holding supply on mainnet: a registered mint is an address, not a token. Liquidity is pooled depth on Solana AMMs, so an issuer whose tokens are held rather than traded reads low here without being small. Volume is every trade the venues report, which is not the same as demand: Arrakis Research attributes 26% of onchain tokenised equity volume to rewards farming and a further 27% to automated trading, and a reward programme paid by volume bracket lifts whoever runs one. Read it beside liquidity rather than on its own.