• Does it include Lightning Network volume? Both public and private channels?
• Does it include OTC volume?
• Does it include platform trade volume?
• Does it include SegWit enabled volume when a single transaction can have hundreds of payment outputs?
• Does it include account-based volume, when I'm transferring BTC on CashApp-Coinbase-Robinhood-Etc to another CashApp-Coinbase-Robinhood-Etc user?
• Does it include sidechain volume? Like Liquid, Stacks, etc?
• Does it include derivative volume? Like wrapped collateral (WBTC, etc)?

All of these things are growing. Avoid the mainstream TradFi metrics. They're meaningless.