Derive was the only venue represented in the 24-hour ranking of leading HYPE options contracts. Their combined notional volume was $5.45 million.
Derive's crypto derivatives offering includes options.
Digital Currency
The notional total gives no indication whether traders were protecting existing positions or making directional bets.

Derive was the only venue represented in the 24-hour ranking of leading HYPE options contracts. Their combined notional volume was $5.45 million.
Derive's crypto derivatives offering includes options.
Long liquidations totaled $140,000 across Binance, Bybit and OKX during the same hour.
During the reported hour, short-position liquidations across Binance, Bybit and OKX reached $460,000, compared with $10,000 in long-position liquidations.
Tuesday’s 50,000-token batch came to about $4.2 million. HYPE stood at $84.43 at 6:52 a.m. ET, down 1.54% over 24 hours.