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
VanEck Research Head: BTC derivatives protection demand hits the 99th percentile, releasing a contrarian long setup signal
VanEck research chief Matthew Sigel noted that protective demand in the Bitcoin derivatives market has reached a historical high, suggesting the market may be suitable for establishing long positions. At the same time, he warned that high spending in the AI sector without returns could put pressure on the market.
GateNews3h ago
ETH 15-minute surge of 1.15%: ETF net inflows accelerate and large whale accumulation converges to drive the rally
2026-04-04 19:00 to 19:15 (UTC), the ETH price saw a significant spike. Within 15 minutes, the return rate recorded +1.15%. The price range was between 2055.26 and 2079.75 USDT, and the intraday amplitude reached 1.19%. Market attention increased markedly, with trading activity and on-chain large transfers expanding in tandem, triggering rapid fluctuations in the short-term price action.
The primary drivers behind this move are accelerated net inflows into ETFs and institutions concentrating their positioning in the spot market, which directly pushed the ETH price higher. The data show that BlackRock ETHB
GateNews16h ago
Cardano Breakout Gains Momentum as Institutional Focus Shifts
Key Insights:
ADA breakout above key EMAs and Supertrend support signals renewed bullish momentum, supported by rising derivatives activity and increased market participation levels.
Institutional demand for privacy, compliance, and execution certainty drives interest in Midnight,
CryptoNewsLand17h ago
XRP Long Liquidations Jump as Crypto Market Loses $285M
Key insights
XRP long traders lost $3.22 million in 24 hours, far exceeding short losses, as liquidation imbalance surged to 537% overall today.
Although XRP rose 0.37% to $1.31, traders expecting a stronger rebound toward $1.50 instead faced rapid liquidations across exchanges
CryptoNewsLand18h ago
Hyperliquid Sees Sharp Volume Drop as Netflows Turn Deeply Negative
Hyperliquid’s derivatives volume dropped sharply, with some platforms reporting declines above 60%, signaling reduced speculative activity and weakening trader engagement across markets.
Netflows turned deeply negative near -285%, reflecting sustained capital withdrawal as both spot and
CryptoNewsLand19h ago
In the past 24 hours, liquidations across the entire market totaled $43.1506 million, with both longs and shorts getting liquidated.
On April 4, Gate News reported that in the past 24 hours, the total liquidation amount in the cryptocurrency market was $43.1506 million, with long and short liquidations of $21.6725 million and $21.4780 million, respectively. The liquidation amounts for BTC and ETH were $3.6134 million and $3.4269 million. A total of 63,319 people were liquidated, and the largest single liquidation was $485.4k.
GateNews20h ago
