Crypto’s reflexivity never ceases to amaze me. Price rises, the protocol captures attention, users try the product, and improving fundamentals reinforce the narrative.
Last week, DRV gained roughly 176% while Derive recorded an all-time high of $1.26B in options volume, up 75% week over week and 53% above the previous record.
Importantly, activity was already accelerating before the latest price breakout, as I highlighted in the report below.