#BinanceAlpha A few days ago, Hyperliquid founder Jeff suggested in an interview that onchain options could be the market’s next big opportunity. Today, Binance Alpha listed Derive’s token, DRV🤔🤔
Derive isn’t a newcomer. Formerly known as Lyra, it’s now the largest onchain options protocol by trading volume. DRV has rallied nearly 10x this year.
Several developments have put Derive in the spotlight:
· V3 is live, bringing a complete overhaul of its longstanding core infrastructure
· The protocol plans to allocate more fee revenue to DRV buybacks.
· Research firm Citrini Research highlighted Derive as a key piece of onchain financial infrastructure.
According to Derive’s official figures, its options notional trading volume has reached $15.87 billion year to date — 2.9x last year’s full-year total.
Derive isn’t a newcomer. Formerly known as Lyra, it’s now the largest onchain options protocol by trading volume. DRV has rallied nearly 10x this year.
Several developments have put Derive in the spotlight:
· V3 is live, bringing a complete overhaul of its longstanding core infrastructure
· The protocol plans to allocate more fee revenue to DRV buybacks.
· Research firm Citrini Research highlighted Derive as a key piece of onchain financial infrastructure.
According to Derive’s official figures, its options notional trading volume has reached $15.87 billion year to date — 2.9x last year’s full-year total.