ChainCatcher reports that the on-chain options market has reached a record high in trading volume over the past two weeks, with $44 million in the first week of February and $28 million in the last week of January. Currently, over 80% of the trading volume is concentrated on the Ithaca and Derive protocols, which handled $26 million and $11 million respectively last week, while the third-place Overtime recorded only $2 million.
The reasons for the surge in trading volume remain uncertain. Possible factors include the decline of USDT lending annualized yields on Aave to around 2%, reducing its attractiveness; and market anticipation for the upcoming HIP-4 market launch by Hyperliquid. Noted DeFi trader Route 2 Fi recently posted on X platform that the 2% USDT annualized yield on Aave has become unappealing, sparking widespread discussion in the community and indicating that some users are actively seeking alternative investment channels with higher returns.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Overview of Mainstream Perp DEXs: Hyperliquid has recently seen a surge in trading activity, with trading volume surpassing $10 billion.
According to DefiLlama data, trading volumes on mainstream Perp DEXs have increased significantly, with Hyperliquid continuing to lead. Platforms like Aster, EdgeX, and Lighter are experiencing accelerated trading volume growth, indicating a return of leveraged funds to the market. The 24-hour trading volume and open interest on various platforms have both increased.
GateNews42m ago
Data: If ETH drops below $2,039, the total long liquidation strength on major CEXs will reach $979 million.
ChainCatcher Message: According to Coinglass data, if ETH drops below $2,039, the total liquidation strength of long positions on major CEXs will reach $979 million. Conversely, if ETH breaks above $2,249, the total liquidation strength of short positions on major CEXs will reach $735 million.
GateNews1h ago
Data: If BTC drops below $69,527, the total long liquidation strength on mainstream CEXs will reach $1.976 billion.
ChainCatcher reports that, according to Coinglass data, if BTC drops below $69,527, the total long liquidation strength on major CEXs will reach $1.976 billion. Conversely, if BTC breaks above $76,748, the total short liquidation strength on major CEXs will reach $1.756 billion.
GateNews1h ago
Geopolitical tensions drive crude oil to fluctuate at high levels, with Gate crude oil contracts reaching a 24-hour trading volume of $85.14 million.
International crude oil prices are fluctuating at high levels under the influence of the US, Israel, and Iran situations. Brent crude oil is currently at $84.28. The Gate platform has launched its first commodity contract, offering 24/7 trading and high leverage services to meet users' asset allocation needs.
GateNews2h ago
Circle's main bullish traders recently built positions at an average price of $87, capturing the second wave of its stock price increase.
On March 5th, it was reported that whale 0xbcd holds a $2.2 million 10x leveraged CRCL long position, currently with an unrealized profit of $370,000. This position was opened during a price correction. The total value of other holdings is $21.6 million. Trader at address 0x467 also entered at $104, opening a $1.14 million long position.
GateNews3h ago
