High trading volume masks liquidity risks for Coinbase stock tokens

Despite over $1 billion in reported trading volume, Coinbase stock tokens on Base face hidden liquidity risks. A September 23 analysis of Aerodrome pools indicated that while volume appears high, actual capacity to absorb large sell orders is limited, with slippage ranging from 0.06% to 0.71% for $100,000 trades. Data from Dromos Kitchen suggests cumulative volume may be misleading as a measure of immediate market depth.