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
The total contract open interest across the network recently experienced the largest single-day increase since July of last year.
ChainCatcher reports that, according to glassnode, the total contract holdings across the network have reached the largest single-day percentage increase since 2025. As Bitcoin's price tests $69,400, leverage has significantly expanded. This phenomenon aligns with speculators heavily betting on Bitcoin surpassing $70,000, but ultimately failing to realize that expectation.
GateNews6m ago
Gate Daily (March 4): Trump accuses banks of blocking the GENIUS Act; Mizuho raises Circle's target price to $100
Bitcoin (BTC) is priced at approximately $68,040, failing to continue its rebound. Trump mentioned that stablecoin legislation faces banking threats and called for advancing related bills. Mizuho Securities raised Circle's target stock price to $100, maintaining a neutral rating. U.S. stocks closed lower amid volatility due to the Middle East conflict, with investors concerned about geopolitical uncertainties.
MarketWhisper13m ago
Data: If BTC drops below $64,869, the total long liquidation strength on mainstream CEXs will reach $1.604 billion.
ChainCatcher News, according to Coinglass data, if BTC drops below $64,869, the total long liquidation strength on major CEXs will reach $1.604 billion. Conversely, if BTC breaks through $71,677, the total short liquidation strength on major CEXs will reach $1.336 billion.
GateNews1h ago
Data: In the past 24 hours, the total liquidation across the network was $371 million, with long positions liquidated at $241 million and short positions at $130 million.
ChainCatcher reports that, according to Coinglass data, the entire network experienced liquidations of $371 million in the past 24 hours, with $241 million in long positions and $130 million in short positions. Among these, Bitcoin long liquidations totaled $85.252 million, Bitcoin short liquidations $58.6189 million, Ethereum long liquidations $48.3205 million, and Ethereum short liquidations $30.44 million.
GateNews5h ago
Dogecoin Price Compresses Near $0.10 as Open Interest Drops
Dogecoin is currently trading between $0.0964 and $0.1005, indicating tightening volatility with reduced open interest. Recent exchange flows show stabilization near the $0.10 psychological level, signaling cautious trader positioning and the potential for significant price movements based on defined support and resistance levels.
CryptoNewsLand5h ago
New Wallet Opens $3.08M Leveraged Long Position on NVDA via Hyperliquid
Gate News bot message, Someone created a new wallet (0x28F8) and deposited 1.135M USDC into Hyperliquid to go long on NVDA with 8x leverage.
Position: 17,407 xyz:NVDA ($3.08M)
Liquidation Price: $156.08
GateNews6h ago
