ChainCatcher Message: The options protocol Derive (formerly known as Lyra) has announced a collaboration with Ethena and has officially joined the Ethena Network. As part of the collaboration, the Ethena Foundation has provided Derive with millions of dollars in grants, while sENA token holders will be eligible for 5% of the DRV token supply of Derive DAO.

It is reported that Derive currently holds over 75% of the on-chain options market share, with a weekly trading volume of approximately $250 million and a total locked value of over $80 million, serving more than 50,000 users.