DeFi· ★★★· neutral·

Decentralised.co: on-chain options volume still under 1% of perp DEXs

  • —On-chain options are under 1% of perp DEX volume; TradFi options run 3x futures
  • —10x BTC perps: 47% liquidation odds over 180 days, 29% over 90, 18% over 60
  • —Derive cleared about $18B in options notional in the year to Oct. 19
  • —On-chain options notional roughly doubled to $5B in September 2026
Why it matters: Pairing margin with Hyperliquid's perp liquidity could cut capital locked to sell a BTC call from about $100K to $15K and lift monthly returns from 1.8% to 12%.
Source: ChainCatcher 链捕手