dissipate vs volley

dissipate is not a noun while volley is a noun.

Word	Noun	Adjective	Verb	Adverb
dissipate	No	No	Yes	No
volley	Yes	No	Yes	No

As verbs, volley is a hyponym of dissipate; that is, volley is a word with a more specific, narrower meaning than dissipate:

Other hyponyms of dissipate include aerosolise, aerosolize, break.

dissipate (noun)	volley (noun)
	rapid simultaneous discharge of firearms
	a tennis return made by hitting the ball before it bounces

dissipate (verb)	volley (verb)
spend frivolously and unwisely	utter rapidly
move away from each other	make a volley
to cause to separate and go in different directions	discharge in, or as if in, a volley
live a life of pleasure, especially with respect to alcoholic consumption	hit before it touches the ground
	be dispersed in a volley