Derive options can now run on autopilot. Your BTC and ETH, covered before every Fed, CPI and jobs release. No calendar, no options math. Tell Butler the drop you can take. It does the rest on @DeriveXYZ, after one approval. That’s it. Join the private beta:

derive, a crypto options and perps venue, has a drv market cap of $551.6m. that is about 89x its september protocol revenue of $515k, counted over a full year. lighter, another trading venue, has a lit market cap near 17x its revenue, on $4.46m in september. derive sends 35% of its fees to drv buybacks and already lists options on tether's tokenized gold. at 89x, drv's value depends much more on large future fee growth.

Derive, Hyperliquid, Aerodrome, Uniswap, Near, and Pendle collectively generated ~$560m in revenue YTD. Their tokens are also among the strong performers. The market is increasingly pricing in revenue and token alignment.

One Derive trader put $2,753 into four Sep. 25 XRP calls across the $1.20 to $1.50 strikes. It is currently worth $43,590, a 1,483% return. Reminder: Options are capable of this because the payoff curve gets steeper as price moves in your direction. At its peak, this position was worth around $170,000.