Decentralized finance (DeFi) platform Derive Protocol has surpassed $100 million in trading volume and monthly active traders, highlighting the growing demand for bitcoin derivatives and cryptocurrencies. In the recent period, DeFi protocols have achieved a locked value of $100 billion. Almost 80% of this value is divided between the six largest protocols.
Derive Protocol has set new records, with the total dollar value of Derive locked crypto tokens surpassing $100 million. In addition, significant trading volume and monthly trader activity have been recorded. Derive Protocol includes the Derive Chain, the settlement layer of transactions, and the Derive Protocol, which enables license-free margin trading of perpetuals, options, and spot transactions with proprietary custodial management.
Derive Exchange serves as an order book. The surge in Derive activity is in line with cryptocurrency-related activity and the increasing demand for options. The options often give buyers the right to buy or sell the asset later at a predetermined price. The successes are due to the increasing activity, which is in line with cryptocurrency-related activity and the huge demand for options.
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