Researcher. Investor. Educator. Consultant. Focused on FA, utility, and empowering crypto investors.
Joined September 2017
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$DRV captured 93% of the market of onchain options.
aight it's official now, August marked a new ATH for total premium volume traded. MoM, premium volume is up +46.5% (Aug vs. July).
Total prem vol across all venues for Aug: $63.26m
@DeriveXYZ's share: $58.96m (93.2% share, record month by both notional and premium vol)
Onchain options have been in a quiet bull market since 2025, and things are only starting to accelerate now.
buckle up, milady
This is why I love the $DRV team. They are community oriented, growing organically, while connected to the top institutions across the full stack of finance, custody, and BD.
Next month at Token2049 @DeriveXYZ will host an event with our friends from @stsdigital_io.
luma.com/hsbdu11e
If you're into vol & options trading, come by and chat with our teams.
Would love to meet our current users, and anyone who wants to learn more. DM me if you don't hear back.
With all the memes and new tokens, people miss out on legit revenue-generating future primitives. $DRV is in hyper growth mode, reaching record volumes, and steadily making serious partnerships to continue to integrate and onboard more custodians, institutions, MMs, and traders
August Milestones
➤ BitGo Off-Exchange Custody. Institutions can trade on Derive while @BitGo holds their assets in regulated custody.
➤ Record Volumes. Traders pushed monthly notional past $2.4B and open interest to $2.7B, while one HYPE options trade reached a record $81M notional.
➤ XRP Options. We launched XRP options and added @FlareNetworks’ FXRP as collateral across options, perps and spot.
➤ XAUT Options. We launched Derive’s first RWA market and ran a gold trading competition.
➤ PulsarX Integration. Traders can access Derive and other onchain venues through one self-custodied account.
➤ Agentic Trading. Agent Builders Cup workshop with @_hummingbot begins.
$DRV v3 is going to be a powerhouse financial primitive. Integrated into some major existing platforms, super stoked for the coming partnerships. Makes sense why this is the best chart/value for its market cap to future pipeline as a revenue generating protocol ratio.
Yo @elliotrades how’s the options journey going? Hope you’re keeping it onchain with the GOAT protocol @DeriveXYZ - I’m sure they’d be happy to help you too! Super nice and amazing team - the real deal $DRV
$DRV momentum is picking up. Yesterday UpBit did $20m+ 24HR volume. Bids looking strong on CB order book too
$basecat order book looking healthy! Buy side showing greater orders which signals strength and support. Sell side is thin though there are likely dark orders we can’t see. A move is coming
This $DRV PA and their listing on $HYPE leads me to believe there is more to their relationship than just a listing. Derive team is insane. I remember when @ChicoCrypto shilled LYRA back in the day. This is in a whole nother level. Keep grinding team. Building the future
$DRV bout to go on a crazy run. Options are getting bigger
With @DeriveXYZ’s crazy recent traction, seems like as good of a time as ever to remind people why onchain options were inevitable - so reposting our thesis here.
All the pieces were in place - just needed a team like the Derive team to execute.
Upbit has been listing a lot of tokens that CB lists. You think they won’t also list $BASECAT. At least we can dream
$ENA bruh
ethena generating $4.62m in daily fees on an $847m market cap. arthur hayes dumped his entire ENA position june 5th. 54.65m ENA OTC'd to galaxy digital same day, 14% drawdown. meanwhile coinbase ventures bought ENA on the open market at the same prices you can, and the first coinbase x ethena product launches this week with native USDe on base. coinbase has 108m verified users. hayes selling into the biggest distribution catalyst ethena has ever had is either the smartest exit or the worst timed one. watch USDe supply over the next 30 days. if it grows $500m+ the distribution thesis is confirmed and the cap makes no sense relative to fees.
This is a massive infrastructure development to make #RWA and $KAIO way more integrated and appealing to investors
1/5
Laser Digital has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Laser Digital National Trust Bank, a federally supervised fiduciary entity serving institutional clients
reuters.com/technology/nomur…
