Delphi Digital launched its Cross-Venue Options Dashboard in early July 2026 to track crypto options across five platforms. The tool aggregates data for BTC, ETH, SOL, and HYPE, providing metrics such as open interest, 24-hour volume, and implied volatility.
The platform Derive, formerly known as Lyra, currently dominates the onchain options market with approximately 95% of all onchain premium volume. It holds the top three Ethereum positions and the top two Solana positions on the dashboard.
Derive reports a total open interest of roughly $2.4 billion. This includes $1.09 billion in Ethereum options and $36.3 million in Solana options, the latter of which launched in mid-March 2026. The platform also recorded $262 million in 24-hour ETH volume.
The total derivatives market tracked by the dashboard encompasses approximately $40 billion in trading activity. Onchain options account for about 4.3% of this total, with centralized exchanges like Deribit, OKX, Bybit, and Binance making up the remainder.
Derive plans to release a V3 upgrade in mid-2026. This transition to a zkVM architecture on the Ethereum mainnet aims to improve throughput and attract institutional participants.
