I love how crypto changes year by year. At one point volume was a metric exchanges used to promote their popularity, often even faking it to look better, or offering fee free trading events that short term spiked metrics. These days volume can be used to calculate income for market makers/LP providers which is then used to support and build massive entities when done right
Having a massive liquidity web is key for illiquid relatively low demand tokens especially those who have potential and are growing like LEO. The massive web itself offers plenty of arb opportunities which ramps up volume ie fees