According to a report from Derive.xyz, the total value of crypto tokens locked on its platform has surpassed $100 million for the first time. The platform has also seen record-setting trading volume and monthly active traders. The demand for options tied to cryptocurrencies and digital assets, as well as investment vehicles like spot ETFs and stocks, is driving this growth. One popular strategy on the platform involves staking Ethena's USDe stablecoin to borrow USDC at lower rates, earning a double-digit return from the positive spread between the yield on staked tokens and the borrowing rate.



Other News from Today