🚀 On-Chain Options Hit Record Highs
The on-chain options market just exploded! February's first week saw $44M in trading volume, up from $28M in late January.
Ithaca and Derive protocols dominate with 80%+ market share—handling $26M and $11M respectively. Overtime came third at $2M.
Why the surge? USDT yields on Aave dropped to ~2%, pushing traders to seek better returns. Hyperliquid's HIP-4 launch hype is also driving interest.
DeFi trader Route 2 Fi sparked debate, calling 2% yields "no longer appealing." The community's hunting for higher-return alternatives. 📊
