# Сопутствующие статьи по теме Derivatives

9 Perp DEX Projects Poised for Airdrops in 2026

Here is a concise English summary of the article: This article, originally by crypto KOL fiyalkin, compiles a list of 9 decentralized perpetual exchange (Perp DEX) projects anticipated to conduct token airdrops by 2026. All projects are in early development stages and have not yet issued a native token. The list includes: 1. **Variational (Arbitrum):** A P2P derivatives protocol. Key stats: $670M OI, $1.5B daily volume. 2. **Ethereal:** Integrated with Ethena's USDe, offers yield on margin. Stats: $45M OI, $80M daily volume. 3. **Hibachi:** Privacy-focused platform. Stats: $1.5M OI, $7M daily volume. 4. **Cascade:** A "24/7 neobroker" offering crypto, stocks, and private assets. Raised $15M. 5. **Pacifica (Solana):** Aims for CEX speed with DeFi security. Stats: $71M OI, $600M daily volume. 6. **Extended (Starknet):** Offers cross-margin trading for crypto and TradFi assets. Stats: $200M OI, $1.5B daily volume. 7. **Nado (Ink L2):** A high-performance CLOB DEX by ex-Kraken team. Stats: $90M OI, $500M daily volume. 8. **TradeXYZ (Hyperliquid):** Focuses on RWA and TradFi perpetuals. Stats: $221M OI, $570M daily volume. 9. **Reya:** An Ethereum-based ZK Rollup for institutional execution. Stats: $22M OI, $550M daily volume. The article provides a brief introduction and key metrics for each project, highlighting their unique features and current traction.

比推01/05 08:38

Crypto Derivatives Shakeout: Market Records Lowest Trading Volume In December 2025

The crypto derivatives market recorded its lowest trading volume of 2025 in December, signaling a broad decline in liquidity and risk appetite. According to CryptoQuant data, major exchanges like Binance, OKX, and Bybit all saw significantly reduced activity, with Binance's volume falling to around $1.19 trillion—half of its August 2025 level. Analyst Darkfost attributes this contraction to rising risk aversion, as market participants prioritize capital preservation amid uncertainty and increased liquidations. This decline in leveraged trading may indicate a transitional phase, potentially leading to a healthier market trend. The total crypto market cap stood at $3.17 trillion at the time of writing.

bitcoinist01/05 07:33

Hotcoin Research | Review of Top Perp DEXs: Cold Reflection Amid Data Frenzy and 2026 Outlook

The article provides a comprehensive analysis of the Perpetual Decentralized Exchange (Perp DEX) landscape, focusing on its evolution, key players, and outlook for 2026. In 2025, the Perp DEX market saw explosive growth, with monthly trading volumes exceeding $1 trillion. The year began with Hyperliquid dominating over 70% of the market share, but its position was challenged by new entrants like Aster, Lighter, and EdgeX, reducing its share to around 17% by year-end. Key metrics such as trading volume and open interest (OI) revealed a more nuanced picture: while newcomers like Lighter (with a zero-fee model) and Aster (backed by Binance) captured significant volume, Hyperliquid maintained a dominant 49% share of the total OI, indicating stronger capital depth and real user engagement. The report details five major protocols: 1. **Hyperliquid**: A community-driven project on a dedicated L1 chain, it leads in OI and protocol revenue, with a strong tokenomics model focused on buybacks and burns. 2. **Aster**: Gained rapid traction but faced a trust crisis after allegations of wash trading and data manipulation, causing its token price to plummet. 3. **Lighter**: A technically advanced, VC-backed platform on a ZK-Rollup. Its aggressive zero-fee strategy drove high volume but raised sustainability concerns and exposed stability risks during market stress. 4. **EdgeX**: Incubated by Amber Group, it offers a professional, hybrid architecture with excellent liquidity and low fees, though it has not yet launched a token. 5. **Paradex**: Backed by Paradigm, it is developing a full-featured derivatives platform on Starknet, planning to offer perps, options, and spot trading. The analysis highlights significant opportunities for Perp DEXs, including large market penetration potential, technological advancements, growing user adoption, and capital inflow from institutions. However, it also warns of risks like wash trading, technical failures, tokenomics instability, market volatility, and increasing regulatory scrutiny. Looking ahead to 2026, the market is expected to mature, with a focus on quality growth over volume, product diversification (e.g., options, RWAs), and increased regulatory clarity. The landscape will likely feature intensified competition between established players, new entrants, and potentially traditional CEXs entering the DeFi derivatives space.

marsbit01/05 07:16

Can VIRTUAL hold its 21% gain as active users return to 3.7K?

ambcrypto01/03 17:40

Ethereum Shows Early Accumulation Signals As Binance Buy Pressure Intensifies

Ethereum has surpassed the $3,000 level, offering short-term relief after a period of consolidation. On-chain data indicates early accumulation signals, with Binance’s Taker Buy/Sell Ratio reaching 1.005—its highest since July—suggesting growing bullish sentiment among derivatives traders. This increase in aggressive buy orders reflects early positioning rather than reaction to strong upward momentum. However, derivatives-driven optimism alone is insufficient for a sustained rally. Confirmation from stronger spot demand, higher resistance breaks, and on-chain activity is critical to validate a trend reversal. Without broader market support, derivatives-led price moves may fade.

bitcoinist01/03 05:36

Will Chainlink reserve’s buying strategy offset rising leverage risk?

Chainlink's reserve recently added 94,267 LINK, reinforcing its strategy to reduce circulating tokens and ease sell pressure. While this supports long-term stability, it hasn't triggered immediate price gains. Spot inflows have significantly declined, indicating weaker organic demand and thinner order books. However, Open Interest rose 8.61%, suggesting growing speculative leverage. This buildup increases fragility and volatility risk, especially with dense liquidation clusters below current prices. For a sustained upward move, spot demand must return to support leveraged positions; otherwise, short-term pullbacks are likely before any meaningful price expansion.

ambcrypto01/03 00:14

Messari 2026 Crypto Theses: Why Speculation Is No Longer Enough (Part 1)

Messari's 2026 Crypto Theses argues that the crypto market is shifting from pure speculation to systemic integration. The report highlights several key trends: Layer 1 blockchains face a valuation trap, as most new L1s with high fully diluted valuations lack fundamental revenue and cannot justify their "monetary premium." Only a few, like Solana and Base, possess real ecosystem gravity. Chain abstraction emerges as a critical strategy, aiming to make blockchain a seamless backend infrastructure where users don’t need to know which chain they're using. The rise of the agent economy suggests that by 2026, most on-chain activity could be driven by AI agents conducting autonomous economic activities, shifting focus from user interfaces to APIs and composable smart contracts. Equity perpetuals represent a new frontier in derivatives, offering synthetic exposure to traditional equities without actual ownership, contrasting with tokenized stocks. Finally, DePIN is highlighted as the sector most likely to generate significant verified revenue, driven by real demand for decentralized infrastructure, particularly in AI compute. The report emphasizes that while these trends indicate maturation, market dynamics remain influenced by liquidity and narrative, not just fundamentals.

比推01/02 17:24

Messari 2026 Crypto Thesis: Why Speculation Is No Longer Enough (Part 1)

Messari's 2026 Crypto Thesis argues that the market is shifting from pure speculation to systemic integration. The report highlights several key trends: First, it identifies a valuation trap in new Layer 1 blockchains. Many VC-backed L1s with high fully diluted valuations lack fundamental revenue, as token issuance far exceeds gas fee income. The market is expected to strip away the "monetary premium" of these tokens, with only a few ecosystems like Solana and Base maintaining real traction. Second, chain abstraction is emerging as a critical strategy, where blockchains become backend infrastructure. Users interact without needing to know which chain they're on, shifting competitive advantage from execution speed to control over user flow and liquidity. Third, the rise of an agent economy is predicted, with AI agents potentially driving up to 80% of on-chain transactions by 2026. This emphasizes the importance of APIs and machine-readable financial primitives over user-facing interfaces. Fourth, equity perpetuals (e.g., on Hyperliquid) are gaining traction as synthetic derivatives for global stock exposure, offering a more scalable alternative to tokenized stocks. Finally, DePIN is highlighted as the sector most likely to generate hundreds of millions in verifiable revenue by 2026, driven by real demand for AI compute resources rather than speculative hardware deployment. The report underscores that while fundamentals are becoming more critical, market narratives and liquidity flows remain key drivers of returns.

marsbit01/02 13:41

Bitcoin ETF Momentum Grows in South Korea as Rules Lag

Momentum for Bitcoin ETFs is growing in South Korea, with the Korea Exchange (KRX) signaling readiness to support crypto-linked products once regulatory approval is granted. KRX Chairman Jeong Eun-bo emphasized plans to expand investment offerings, including crypto ETFs and derivatives, to reform capital markets and address the "Korea discount." However, regulators remain cautious, as crypto assets are not yet recognized as qualified underlying assets under current securities regulations. The Financial Services Commission is studying potential reforms, but no decisions have been made. Despite political and industry support, including pledges from elected officials, regulatory hurdles persist. Market operators and investors await a policy shift to enable crypto ETF launches.

TheNewsCrypto01/02 12:55

New XRP ETF Filing Hits The Market, But There’s Something Interesting About This One

Roundhill Investments has filed an amended registration statement for its XRP Covered Call Strategy ETF, potentially launching as early as January 29. Unlike a spot ETF, this fund does not provide direct exposure to XRP. Instead, it aims to generate income by tracking the price return of other XRP ETFs or futures-based funds through a synthetic covered call strategy. This filing confirms XRP is an approved underlying asset for regulated derivatives, indicating institutional validation. The product structure is complete, with timing being the primary variable for launch. At the time of writing, XRP is trading around $1.84.

bitcoinist01/02 10:07