key observations are pretty straightforward: 1. @DeriveXYZ increased their lion's share, with market share by premium vol up from high 80s to now 93-94% 2. @paradex saw the biggest growth in market share, up +35% coinciding with their RFQ rollout. As I've been saying, pay attention to Paradex!! 3. Open Interest went up by 3.8x, from $655m to $2.488B 4. Rolling 30d notional sits at almost 5% of Deribit's volume now Obv ethereum:0xb1d1eae60eea9525032a6dcb4c1ce336a1de71be, ethereum:0xb32e10022ffbedfe10bc818a1c7e67d9d87e0fa7, ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 etc have rerated nicely with this growth, but im gonna continue to beat this horse: > we are still very early. Onchain options are just now starting to pick up in terms of traction and volume. I think over the next 12 months, onchain notional vol will be a lot closer to 50% of Deribit's numbers. And there's a good case to be made that onchain will eventually flip Deribit adjust your expectations and dream a little, onchain options are the biggest whitespace in crypto