If I'm interpreting your data correctly, there was just over 100K HBD traded over entire month of January. By contrast, looking at Hive internal market (https://wallet.hive.blog/market) there was over 48.7K traded just in past 24 hours. So it looks like there is much more liquidity on the internal market.
RE: A Look At Hive’s L2 Hive Engine | Data On HIVE Deposits And Withdrawals | Feb 2022