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
"Strategy Opponent Position" stop-loss of $54 million BTC and ETH long positions, recording a loss of approximately $1.86 million
In the past hour, the whale "Strategy Opponent" closed its long positions in BTC and ETH simultaneously, incurring a loss of approximately $1.86 million, with a total closing value of $13,129,100. This address was previously known for establishing large-scale short positions.
GateNewsBot26m ago
Super short positions betting against ETH starting from $2940 are gradually closing, with a remaining position of $16.45 million.
According to HyperInsight monitoring, a certain "ETH super short" has been shorting ETH since $2940. Recently, they started reducing their position, with an unrealized profit of $8.35 million, and a total profit of over $80.9 million, continuously shorting with the highest leverage.
GateNewsBot52m ago
Gold (XAUT) stabilizes amid fluctuations, Gate's contract trading activity ranks among the top three on the entire network
ChainCatcher reports that the price of gold (XAUT) is fluctuating steadily, currently slightly above approximately $5,025. The total 24-hour trading volume of XAUT contracts across the entire network is $724 million. The Gate platform is actively trading, offering efficient metal trading experiences and leverage services.
GateNewsBot1h ago
Bitcoin ETF capital inflow slows down, with the main reason being the narrowing of the basis
Matrixport analyzes that Bitcoin ETF capital inflow has slowed down due to narrowing market basis and low retail participation. The gains from futures-spot arbitrage are limited, making it difficult for institutional funds to accelerate their allocation, resulting in prolonged market consolidation.
GateNewsBot2h ago
In the past 4 hours, a total of $124 million was liquidated across the entire network, including $48.18 million in BTC liquidations.
Odaily Planet Daily reports that Coinglass data shows that in the past 4 hours, the entire network experienced liquidations of $124 million, with long positions liquidated at $119 million and short positions at $5.15 million.
Among them, BTC liquidations totaled $4,818, and ETH liquidations totaled $4,667.
GateNewsBot2h ago
