Derive dominates Delphi options dashboard with top ETH and SOL contracts
- —Derive commands about 95% of all onchain options premium volume
- —Its ETH options open interest stands at $1.09 billion, with $262 million in 24-hour volume
- —SOL options, launched in March 2026, already show $36.3 million in open interest
- —Onchain options are just 4.3% of the $40 billion market dominated by CEXs like Deribit and Binance
Why it matters: Derive is consolidating the onchain derivatives market, and its planned zkVM-based V3 upgrade could draw institutional flow and challenge Deribit.
Source: Crypto Briefing