derivequant @DeriveQuant

Today, Derive crossed $30 billion in all-time notional volume. Thank you to everyone who gave us a look, tried the product, shared feedback and joined us along this odyssey. For five years, the same core team has kept pushing. Our knowledge has compounded, and we've become the market leader for onchain options. What's coming next is dedicated to everyone who helped us get here.

Largest trade in Derive history just printed...again! $210M+ or 3,552 BTC across four legs: • Bought 888 BTC July 2 55k puts • Sold 888 BTC July 2 56k puts • Sold 888 BTC July 2 58k puts • Bought 888 BTC July 2 59k puts

In the span of 7 months... Credits to @0x_tiago x.com/0x_tiago/statu…

Tiago @0x_tiago

a week ago

An interesting dataset I left out of the report is the book liquidity coverage against RFQs, along with overall improvements over time. Main takeaways are: - Book liquidity has improved each month in all tenors - The best displayed median spread got worse in the recent two

keyboard_arrow_left Previous keyboard_arrow_right Next

1 6 37 242K 12

$ZEC options and perps are now live on Derive. This is the first onchain options market for Zcash. Privacy is crypto’s oldest narrative. It only makes sense that the market around it settles onchain, where positions, pricing, and settlement can be verified transparently.

30 billion soon

One of the more surprising findings in @0x_tiago’s HYPE report: open interest is still heavily short-dated, but premium spending has shifted close to 50/50 between short- and longer-dated expiries. A sharp breakdown at how a new options market forms. x.com/0x_tiago/statu…

Tiago @0x_tiago

a week ago

x.com/i/article/2069…

8 10 116 44K 25

HYPE options traders still want upside. Across expiries through September, calls outweigh puts by more than 2x. The biggest position is the June 26 $80 call, with upside strikes still active into September. Max pain for June 26 is if $HYPE sits at $60. Source: @derivativemonky

keyboard_arrow_left Previous keyboard_arrow_right Next

Monster HYPE options print 150,000 contracts per leg. Long call condor on $HYPE. $43.9M notional. Filled on @DeriveXYZ via RFQ. Derive is the only place where you can trade options permissionlessly in size.

New $HYPE options read from @0xTindorr. The piece looks at what options data is showing as HYPE retests its ATH, including where traders are active, how the market is pricing the move, and the levels to watch. x.com/deriveinsights…

Derive Insights @deriveinsights

2 weeks ago

x.com/i/article/2066…

1 4 53 10K 8

Derive options are now accessible through @ArcexApp, with support for Builder Codes! Arcex is a mobile-first trading app that lets users execute options directly from their phone.

Over the coming weeks, we'll be sharing Derive trading guides to help you get the most out of the platform. First up: a $HYPE covered call guide. Bookmark this one. This content is for educational purposes only and does not constitute financial advice.

Shoutout to @derivativemonky, a solo builder and one of our community members who has been quietly building a killer analytics & backtesting dashboard. We've become the reference point for $HYPE options pricing but things like ATM-IV, term structure, realized vol barely exist. This is exactly the kind of thing we want to see around Derive: traders, builders and community members pushing market structure forward in public.

It’s been a turbulent week, and when you look through the June to September options book on Derive, you can see a clear split between how traders are positioning BTC/ETH versus HYPE. $BTC and $ETH still look more like range and vol markets than clean directional bets. BTC positioning is concentrated around June, with traders active in downside protection and upside calls, while ETH has a slightly cleaner upside lean into July and September with strikes around 2.8k, 3k and 3.2k showing up. Neither book looks like traders are all-in on one side. $HYPE is diverging. Since the Arthur Hayes sell, the market has had a public reason to fade the move, however the options book still has real upside activity sitting in it with June 26 call activity clustered around 55/60/80 and September 25 still showing size around 55, plus further upside at 80/110/150. The TL;DR is: BTC and ETH options are being used to hedge/manage volatility, while HYPE is more for upside optionality.

Another one. A Derive trader turned their ~$34k portfolio into ~$736k in a single trade buying $HYPE calls. ...And they're back at it, positioning for more upside now with call spreads. Godspeed.

That’s not a typo. One trader bought ~$6k of $HYPE calls on Derive and walked away with ~$124k in profit 20 days later. A 1,815% return! This wasn’t even the biggest HYPE win this week... more to follow.

Derive (DRV) is now available on Coinbase. DRV-USD spot trading is available on Coinbase.com, the Coinbase app, Coinbase Advanced and @CoinbaseMarkets Exchange, subject to Coinbase eligibility requirements and supported regions. Base Contract address: 0x9d0E8f5b25384C7310CB8C6aE32C8fbeb645d083

Coinbase Markets 🛡️ @CoinbaseMarkets

a month ago

Derive (DRV) is now live on coinbase․com and in the Coinbase app. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. coinbase.com/price/derive

2 3 27 22K 0

Derive is integrating with @gold_itech MatrixNET, giving brokers, prop firms and fund managers a cleaner route into Derive liquidity through institutional trading infrastructure. This is MatrixNET's first onchain options integration and first onchain integration after Hyperliquid. Derive's liquidity can now be accessed by Gold-i's large client base of brokers, prop trading firms and fund managers via a range of platforms including MT4, MT5, DXtrade and CLEO

We're sponsoring the Condor Builders Cup by @_hummingbot 🦅 The first live trading competition for AI agents with a $20K+ prize pool, real capital and 48 hours of autonomous trading. Register → botcamp.xyz/hackathons/con…

@DeriveXYZ @HYPERDailyTK @HyperliquidNews @Hyperliquid_Hub

Today was our largest HYPE trading day, with almost $70M in HYPE options volume. Since launching in Dec 2025, we’ve seen: • $1.63B total notional traded • $720M in HYPE options volume • $27M of HYPE & kHYPE used as collateral In under 6 months, HYPE is challenging ETH for Derive’s second-largest market.