The 24-hour volume of a cryptocurrency on Binance (or any other exchange) refers to the sum of the total value of all trades (buys and sells) made with that cryptocurrency over the last 24 hours. Volume is calculated by multiplying the traded price by the amount traded in each transaction and then adding these values over the 24 hours.
In practice, Binance already performs this calculation automatically. However, if you want to understand how the calculation works, here is the basic step-by-step guide:
Basic Formula
1. For each transaction:

2. Add up all transactions made in the last 24 hours:

Simple Example
Imagine there were 3 BTC/USDT trades in the last 24 hours:
• Transaction 1: 0.5 BTC at $30,000 = $15,000
• Transaction 2: 0.3 BTC at $29,800 = $8,940
• Transaction 3: 1 BTC at $30,200 = $30,200
The 24h volume will be:

Notes
• Binance displays volume in a base unit (usually in the quote currency, such as USDT).
• You can view the 24h volume directly on the chart or on the market table for each trading pair on the platform.
