@itseneff

Ksett is Derive's secret weapon, our Head of Partnerhips who spent 10+ years running a TradFi options desk - this was a really great conversation

someone saw this tweet big buyer of the May 8th 42/45 call, paying $66,000 to max win $300,000 if HYPE ends next week at or above $45 https://t.co/nrgfFI3aWi

$HYPE two week implied vol sits at ~60% (implying a 3% average daily move until May 15). This is down from 100% (!) in February, a big drop. Flow has overwhelmingly been selling HYPE vol as the market has developed, with covered calls being the most popular strategy on Derive. https://t.co/2dLbgl7C7n

Crypto needed a forest fire to refocus on building financial systems that only work onchain. I thought FTX was going to catalyze this in late 2022, but instead we had memecoins, restaking, and pre-PMF, 0 revenue teams TGEing on Korean exchanges at multi billion dollar valuations. Only now - in 2026 - are capital and attention consolidating around teams building systems that leverage what blockchains actually enable: - Global, instant rails - 24/7 markets - Programmable capital - Open access Available asset quality is improving (RWAs), and the market is converging on fewer, higher quality tokens. There is no silver bullet, just hard work, attention to detail, and time. I'm confident we've reached an inflection point in DeFi TVL - and expect to see $1 trillion in assets onchain by the end of 2028. 2026-2028 won't bring another cycle, but it’ll be the first real attempt at building a parallel financial system.

Looking like this will pass ~12 hours from now. Our trader base has diversified and grown in April, with volumes consolidating after a breakout March + maintaining 90% market share. Survive and compound, Derive abides. Vote here: https://t.co/ToQRAd4gZY https://t.co/ivF2zu4Tsi