Coinmarketcap after loads of people doubting their exchange volume data added new metric - adjusted volume. But still, that wasn't enough for people who doubted most of the top10 volume exchanges that mostly come from Asia, nobody heard of them or not really anyone uses those.
They have added Liquidity option now, which is run on all pairs at random times to verify how much could have been sold or bought that day without fake buying and selling.
Of course this is not 100% accurate yet while checking exchanges they also check pairs when theres volume. And luckily we have some STEEM pairs showing real liquidity. The new liquidity metric looks for factors like distance from the middle price, crypto asset order book depth and others that they did not share to avoid making it easy to game.
STEEM Liquidity
SBD Liquidity
Funny you still see HitBTC with their wallet closed for ages but they still make trades and put orders that look real it seems. Binance is king for STEEM and Bittrex for SBD obviously as the only good exchange that has it.
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