Aevo is the first Derivatives L2, focused on options & perps trading | Backed by @paradigm @dragonfly_xyz @coinbase @yzilabs | Built on Ethereum & Base 🖤
It is incredibly frustrating to predict a market move correctly, only to suffer liquidation from a sudden price wick just before your expectations materialize. Avoiding this exact scenario is precisely what makes options so appealing to perp traders, rather than complicated lectures about the Greeks. Our team has now facilitated over $39B in cumulative options notional volume. Based on that experience, we would like to share 3 essential lessons we discovered while developing options in parallel with perps.
With US equities preparing for another intense week of earnings reports and the upcoming Fed decision scheduled to arrive this Wednesday, there is plenty of market activity to digest. Meanwhile, the value of $BTC is currently hovering right around the $80k mark. It feels like a completely typical Monday where you might load up 17 charts on your screen, only to realize that you cannot place your confidence in a single one of them. Given all these developments, where will you be directing your focus initially?
A total of 78m AEVO, which accounts for 7.8% of the overall supply, has been permanently burned thanks to the AGP-3 initiative and ongoing monthly buybacks. At the same time, the total amount of staked $AEVO has successfully surpassed 30m, showing a solid increase from the 27m recorded earlier this month.
While these two metrics are driven by distinct mechanisms, they combine to reveal a very clear trend. The volume of AEVO being locked up continues to grow, just as the available supply keeps shrinking.
Over the course of the week, bitcoin:native saw an increase of almost $4k before relinquishing the majority of those gains. By the end of the period, the asset had settled back very close to its original starting position.
Recently, the majority of our development efforts have remained out of the public eye, but we are looking forward to shifting that in the upcoming week 🔮
When accounting for the AGP-3 initiative, a grand total of 78m AEVO has officially been burned. This overall milestone is supported by our year-to-date progress, which recently featured a buyback and burn of 1m $AEVO during the month of October. Thanks to the October activity, our YTD total of purchased and eliminated tokens has reached exactly 9m. It is important to highlight that this entire 9m volume was permanently taken out of the supply after being acquired exclusively through exchange trading fees.
Today, zcash:native forged its own path ahead of broader market trends, experiencing an impressive climb of nearly +10%. Alongside this growth, every qualifying ZEC perp trade executed on Aevo contributed valuable volume toward the 10m requirement necessary to unlock our 808,800 USDC year-end reward.
While this significant price movement took place today, the opportunity to participate remains wide open. All eligible trading volume will continue to be tracked and accumulated all the way through December.
Back in 2023, Aevo made its debut specifically as an options exchange, well before we introduced perps to our platform. Since options were our very first offering, they continue to influence everything we build today. As a result, our strong presence in this sector is simply a continuation of our roots rather than a category pivot.
This dedication reflects nicely in recent market movements. Throughout September, the total notional volume for onchain options basically doubled, registering a 116.1% increase over August. We noticed a nearly identical pattern here at Aevo, with our own volume growing by 98.9%.
The data was provided by onchaingreeks by @momilio.
We have already crossed the midpoint of October, reminding us just how rapidly the fourth quarter is passing. With the year drawing to a close, the timeframe is steadily shrinking for market participants who wish to generate the 10m in Perp Majors and qualifying options volume needed to claim our 808,800 USDC year-end reward.
Please remember that you must hold an active LEGEND or COMMANDER stake while you participate. As long as this requirement is met alongside your trading activity, each eligible trade will successfully advance your progress toward the final target.
Today's CPI data release triggered notable price action across three distinct markets on the Aevo platform. Driven by core inflation figures that exceeded expectations, a rising US dollar forced EURUSD into a decline and dragged bitcoin:native down beneath the $82k threshold. At the same time, the USDJPY pair experienced noticeable fluctuations directly surrounding the announcement.
For those looking to capitalize on these broad economic trends, Aevo provides active perpetuals for BTC, EURUSD, and USDJPY. This convenient setup allows users to seamlessly apply a single macro strategy to both the forex and cryptocurrency sectors through just one account.
While the majority of the cryptocurrency sector experienced a downturn today, the market for H100 compute actually trended in the opposite direction. You can easily participate in both of these distinct spaces directly on Aevo. Digital currencies are available to trade utilizing perps and options, whereas H100 compute features a dedicated perpetual contract that provides up to 3x leverage. Enjoy the absolute convenience of managing both your crypto and compute positions using just one unified account. 🏹
Traditional point systems usually encourage users to farm now and figure out the actual value later. Aevo takes a refreshingly different approach for its year-end reward. The current prize pool is already estimated at 808,800 USDC. Furthermore, a permanent leaderboard is available, allowing qualifying traders to easily track their projected share of the rewards as the numbers adjust over time.
As we transition into Monday, the broader market is striving to recoup the losses sustained over the current week. Looking at performance over the past seven days, ethereum:native and solana:So11111111111111111111111111111111111111112 are still seeing declines of approximately 6% and 8%. On a brighter note, bitcoin:native successfully rebounded from a low of $80.4k, pushing its way back above the $83k mark.
These recent movements leave market participants facing a clear choice. You must decide whether to position yourself for another potential drop or to trade the current upward recovery. No matter which strategy you adopt, remember that BTC, ETH, and SOL are categorized as Perp Majors on Aevo. Because of this, any eligible trading volume you generate from either market direction will count toward your year-end USDC reward.
Our total staked assets are steadily increasing as December approaches, and we are pleased to report that over 27 million $AEVO is currently staked. Tracing our recent milestones, we achieved 25 million during August, grew to 26 million in September, and have now successfully reached 27.6 million for the month of October. As a helpful reminder, traders looking to qualify for the anticipated year-end reward of 808,800 USDC must meet specific criteria. You will need to generate 10 million in trading volume in addition to holding an active COMMANDER or LEGEND stake.
The price zone of $87k has recently been challenged by bitcoin:native on two separate occasions. Even after facing a second rejection, BTC managed to sustain a higher baseline. While perpetual contract traders looking at a potential third attempt might immediately want to enter a long position, this specific market outlook creates an ideal scenario to evaluate standard perps against purchasing a call option via Easy Mode.
Both strategies rely on an identical breakout expectation. However, with the options route, your maximum potential loss is strictly limited to the initial premium spent, and sudden price wicks are completely incapable of causing a liquidation. The primary compromise involves the expiration timeline, meaning BTC must travel a sufficient distance before time runs out.
Following the introduction of our leaderboard, we have seen a continuous rise in the number of eligible traders. Every qualified individual has successfully accumulated 10m in qualifying volume through weekly Perp Majors and options, all while maintaining an active LEGEND or COMMANDER stake. For those who are currently working to complete these goals, a window of under three months remains to secure your position alongside them. Meeting these requirements will allow you to take part in our anticipated year-end distribution of 808,800 USDC 🏹
We are pleased to share the results of our October burn. Using exchange trading fees, we have successfully repurchased and burned an additional 1m ethereum:0xb528edbef013aff855ac3c50b381f253af13b997.
You can view the exact details of this transaction on the public ledger here: https://etherscan.io/tx/0xb9c4a194d189d74c405a47610f87154dc51132ed078c90a9464cd83d7908cb9b
Following this latest event, the cumulative amount removed through both AGP-3 and our ongoing monthly program has reached 78m. As a result, exactly 7.8% of the total supply has now been permanently withdrawn 🔮
Although near:native and zcash:native finished September as some of the top performing assets in the market, the start of October has introduced a noticeable retreat for both. Looking at today's figures, NEAR has dropped by approximately 9%, and ZEC is experiencing a decline of nearly 7%. This current downward movement changes the landscape of last week's continuation trade, leaving participants with a clear strategic decision. You can now choose whether to short the reversal or buy into the pullback. Whichever route you decide to take, your trading activity will continue to generate qualifying volume for the year-end USDC reward, as both cryptocurrencies keep their status as Perp Majors on the Aevo platform this week.