IMHO the current Incscan method is the more accurate representation of volume. When a cross-pair trade is executed, it does create two separate trades. Any trader could create the same volume by executing the PRV-pETH trade first, waiting to receive the PRV in their account, then execute the PRV-USDT trade. Or they could just make use of the cross-pair feature of the pDEX, and go get a sandwich while the two trades are executed automagically.
Functionally these are no different. In both cases there will be a PRV-pETH trade and a PRV-USDT trade. To the trader it may look like a single trade, but it’s not. It is two trades.
Thus I wouldn’t characterize the current Incscan methodology as generating “2 times the volume of the trade”. Rather it’s more accurate to characterize the Nomics method as representing half the actual market volume – at least with non-PRV pairs.