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
Bitcoin Maintains Resilience Near $70,000, Analysts Say Deleveraging Paves Way for Next Rally
On March 12, analyst Omkar Godbole noted that Bloomberg predicted Bitcoin could fall to $10,000, but the industry considered this forecast unreasonable. The Deribit platform showed that approximately $800 million in put options are concentrated at $20,000, with some traders preparing for a possible crash. Despite external market volatility, Bitcoin remained around $70,000, demonstrating resilience. Analysis indicated that market consolidation could lay the foundation for subsequent price movements.
GateNews5m ago
Greeks.live: 26,000 BTC options expire on March 13, and the market enters a wait-and-see stance
Greeks.live predicts that a large volume of BTC and ETH options will expire on March 13th, with declining market rebound momentum and extremely low trading activity. Options data indicates the market is in a wait-and-see state, still in a bear market, with the recent AI hype failing to improve the situation.
GateNews16m ago
Bitcoin net taker buy volume turned positive, current price is in the range of $54,400 to $78,000
CryptoQuant data shows that since the outbreak of the US-Israel war, the net taker buy volume in the Bitcoin derivatives market has remained positive, indicating an imbalance in market buying and selling forces. Bitcoin's price has rebounded to $74,000 and is currently consolidating in the $62,000 to $72,000 range, fluctuating between the realized price and the true market average price.
GateNews41m ago
On-chain perpetual contract DEX trading volume declines, Hyperliquid open interest reaches near 1-month high
The on-chain perpetual contract DEX market trading volume continues to decline, but the open interest remains high, and leverage funds have not shown significant outflows. Hyperliquid's open interest has increased, ranking first in 24-hour trading volume. Trading volumes on other DEXs are also notable, indicating active trading activity.
GateNews1h ago
Holding $191 million in long positions! The "mysterious whale" bets on BTC and ETH prices continue to soar
As Bitcoin's price rebounds strongly to $71,000, bullish sentiment on the Hyperliquid trading platform is surging. Multiple whales have opened long positions with high leverage, demonstrating market confidence in the cryptocurrency rebound. Meanwhile, another trader is shorting oil futures on the platform, expressing a bearish stance on certain alternative coins, emphasizing the importance of decentralized derivatives platforms.
区块客1h ago
ETH rises 1.00% in 15 minutes: On-chain capital inflows and 2.0 upgrade news drive market movement
March 12, 2026, 09:30 to 09:45 (UTC): During this period, ETH price range was 2039.29 to 2062.42 USDT, achieving a +1.00% return rate within 15 minutes, with volatility reaching 1.13%. Market fluctuations intensified, overall attention increased significantly, and on-chain activity strengthened synchronously, displaying typical characteristics of rapid capital flow and institutional pushing power.
The primary driver of this price movement stems from obvious on-chain capital inflow and direct stimulus from Ethereum 2.0 upgrade news. Within this time window, the number of on-chain ETH transactions
GateNews2h ago
