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Run Speed is the movement speed of your toon when moving, both running and walking. Run speed is generally what is referenced when talking about increases or decreases in your normal movement speed. These effects affect both your running and walking speed, increasing or decreasing both.
A standard mount has a base speed of approximately 10,5 m/s. Most mounts increase your run speed by 62%. Some mounts increases your speed by 32% or 68%.
A starter horse or pony, with an 32% increase in run speed, has a base speed of approximately 8,2 m/s.