Derivatives Market Dynamics and Research

What will the future DeFi derivatives black horse be?

When gods fight, retail investors sip soup.

In the first half of 2025, the global macro environment was turbulent, compounded by escalating geopolitical conflicts, yet the cryptocurrency derivatives market continued to show strong momentum, with BTC open interest reaching a new high, while ETH and altcoins performed weakly, resulting in a significant structural differentiation in the market.

GMX and dYdX have long fallen from the "holy grail," but decentralized derivatives should still have new tickets.

After Coinbase's exorbitant acquisition of Deribit, how will the landscape of the crypto derivatives market be reshaped?

A thought of heaven, a thought of hell.

The explosion of derivatives DEX is inseparable from the support of the market environment, and the growth of dYdX and GMX is a result of user choices facilitated by the current market conditions.

Although options trading is a tool for seasoned investors in traditional finance, DOV is available for all types of investors, representing an important step towards democratizing finance for the masses.

In this article, Zee Prime Capital reflects on the overall trends in the on-chain options space, existing pain points, and how to improve options products.

Discuss two types of interest rate derivatives (interest rate swaps and interest rate futures), hedge interest rate risk, and convert floating rates to fixed rates to some extent, effectively controlling the cost of funds.