which meant that there were many people who lost faith in it.
Do you have Poloniex confirmation about that? If I remember well that was during/after the Poloniex acquisition by Circle and their complete reorganization when Poloniex just worked or didn’t. In neither cases did they care much because they were focused on the whole rather than on some pennies commission from trading after needing to fix nodes because chain had gone down?
That said, Poloniex hasn't been relevant to STEEM anymore ever since Binance. $60k trading volume on $18m is nowhere statistically significant. Or of relevance even.
It was the exchange many were using. I remember the chat conversations from 2 years ago. I was surprised there was still 10m there so am wondering how much will move.
Yes, it was the first to list us. And they had volume when they still mattered.
But what is more likely to have happened: when they reactivated the STEEM node, they had also switched to compulsory KYC. Those with little who preferred Bittrex [then still without KYC], and later Binance [still now without KYC], may have decided to take it on the chin as they already previously may have written it off. Enforcing KYC on an exchange results in users shifting to other exchanges.
Blocktrades also happened before they reactivated STEEM node.
Many don't use Korean exchanges due to the KYC as well.
Yep, that is a good point. It would have been around that time that the wallet reopened I think.