No this is data for deposits and withdrawals not trading volume. Basiclly transfers to and from the Hive Engine custodial account for HBD.
There was a total of 100k deposits and withdrawals to Hive Engine in January 2022.
About the trading volume and liquidity on HBD, I have it on my to do list and I plan to get a post and data soon on that one :)
RE: A Look At Hive’s L2 Hive Engine | Data On HIVE Deposits And Withdrawals | Feb 2022