Volume is around 100 BTC. The lowest rate I have ever seen.
The volume hit 50 BTC a month ago or so. Most projects stay dormant like this until more developments happen, then the huge spike comes in and these levels will never be seen again which also comes with people being angry as they had plenty of time to buy in around these levels.
Trading volume reflects the interest in the market. Accordingly "Low Vol" represents a lower interest of traders.
There were days when ETH, Ripple, Dash & Stratis had volumes at these levels, when the project is more developed the spike in value comes then every idiot tries to jump on the bandwagon but it is usually too late. The project is under the radar indeed but there are some who are accumulating and waiting for the future for the finished product, those are the traders who believe in XEL and are risking most and will have the highest returns. Elastic is one of a few currently undervalued great projects IMO.
You're right "there was a time". My faith in XEL is strong as yours. I'll hold my XEL as long as it takes.