Derive’s API Broker Program is LIVE 🎉
Calling all DeFi builders: routers, AI agents, OMS, & Vault curators to integrate & earn up to 50% of matching fees.
Monetize your flow, and build the future of onchain options & yield with Derive.
DM us to get started.
It’s been a turbulent week, and when you look through the June to September options book on Derive, you can see a clear split between how traders are positioning BTC/ETH versus HYPE.
$BTC and $ETH still look more like range and vol markets than clean directional bets. BTC positioning is concentrated around June, with traders active in downside protection and upside calls, while ETH has a slightly cleaner upside lean into July and September with strikes around 2.8k, 3k and 3.2k showing up. Neither book looks like traders are all-in on one side.
$HYPE is diverging. Since the Arthur Hayes sell, the market has had a public reason to fade the move, however the options book still has real upside activity sitting in it with June 26 call activity clustered around 55/60/80 and September 25 still showing size around 55, plus further upside at 80/110/150.
The TL;DR is: BTC and ETH options are being used to hedge/manage volatility, while HYPE is more for upside optionality.
Another one.
A Derive trader turned their ~$34k portfolio into ~$736k in a single trade buying $HYPE calls.
...And they're back at it, positioning for more upside now with call spreads. Godspeed.
That’s not a typo.
One trader bought ~$6k of $HYPE calls on Derive and walked away with ~$124k in profit 20 days later. A 1,815% return!
This wasn’t even the biggest HYPE win this week... more to follow.
Derive (DRV) is now available on Coinbase.
DRV-USD spot trading is available on https://t.co/t5IQLG1Q0o, the Coinbase app, Coinbase Advanced and @CoinbaseMarkets Exchange, subject to Coinbase eligibility requirements and supported regions.
Base Contract address:
0x9d0E8f5b25384C7310CB8C6aE32C8fbeb645d083
Derive is integrating with @gold_itech MatrixNET, giving brokers, prop firms and fund managers a cleaner route into Derive liquidity through institutional trading infrastructure.
This is MatrixNET's first onchain options integration and first onchain integration after Hyperliquid.
Derive's liquidity can now be accessed by Gold-i's large client base of brokers, prop trading firms and fund managers via a range of platforms including MT4, MT5, DXtrade and CLEO
We're sponsoring the Condor Builders Cup by @_hummingbot 🦅
The first live trading competition for AI agents with a $20K+ prize pool, real capital and 48 hours of autonomous trading.
Register → https://t.co/8tginAPPwZ
Today was our largest HYPE trading day, with almost $70M in HYPE options volume.
Since launching in Dec 2025, we’ve seen:
• $1.63B total notional traded
• $720M in HYPE options volume
• $27M of HYPE & kHYPE used as collateral
In under 6 months, HYPE is challenging ETH for Derive’s second-largest market.
If you followed @derivativemonky's article you were already watching $78K before BTC got there. Now it comes down to whether buyers can defend it.
More from him and @moritzpike in Vol Desk: https://t.co/nIpzSTlG39
https://t.co/IjXbFk0DO4
We're sponsoring the Condor Builders Cup by @_hummingbot 🦅
The first live trading competition for AI agents with a $20K+ prize pool, real capital and 48 hours of autonomous trading.
https://t.co/eWKp18XPvS
Appreciate @a1research__ for the in-depth writeup!
They nail why options are inevitable onchain; because they turn price, time and risk into programmable building blocks for traders, vaults and asset managers.
https://t.co/ZMTfjJRHFq
Builder highlight: @StradleXYZ
Recently added execution alongside aggregation so users see the best prices across venues AND trade them. The simplified payoff structures help users visualise their trades.
https://t.co/3BFLN7wn7T
DRV is now live on the Blockworks Token Transparency Framework.
Proud to have scored 37/40 as the industry pushes toward clearer standards around token structure, governance and transparency.
Thank you to @Blockworks for putting this together!
https://t.co/VTloyneUWO
Shoutout to @Jamie1Coutts from Real Vision on why onchain options are an under-the-radar play.
First wave of option projects have iterated a bunch, experimented w/ AMMs, and now it's down to whoever can scale up margining, liquidations, and collateral.
$ZEC trades like a top-10 coin.
$761M in 24hr spot volume. A use case that never goes out of fashion and one of the strongest holder bases in crypto.
Options are a natural next step. Who wants $ZEC options? DM us.
Options trading is now live on Amper.
We just integrated @DeriveXYZ — bringing on-chain options trading into Amper’s natural language interface.
→ “Buy a $2,500 ETH call expiring Friday”
→ “Show me available BTC puts”
→ “What options are available for ETH this week?”
Amper handles the session keys, sub-accounts, bridging, and execution. You just describe the trade.
Amper also pulls from @StarvnChartist daily market analysis to provide qualitative sentiment alongside your options flow — helping you make smarter trades with real context, not just price data.
https://t.co/q6Dog5f51M
#Amper $AMPR
The @Kinetiq_xyz community keeps showing up!
100,000 net kHYPE deposited in two weeks since we raised the cap, all earning kPoints on top of their options strategies.
1/ Yesterday, Polymarket and Kalshi announced perps. While CT argued about what it meant for Hyperliquid, sophisticated $HYPE holders quietly sold cash-settled put spreads.