Derive dominates Delphi options dashboard with top ETH and SOL contracts

Delphi Digital’s Cross-Venue Options Dashboard, launched in early July 2026, was supposed to give traders a panoramic view of crypto options across five major venues. Instead, it mostly confirmed what the onchain derivatives market already suspected: Derive is running the table. The platform, formerly known as Lyra, holds the top three Ethereum options positions and the top two Solana options positions displayed on the dashboard. The numbers behind the dominance Derive currently accounts for approximately 95% of all onchain options premium volume. On the Ethereum side, Derive’s options open interest sits at $1.09 billion. Its Solana options book, which only launched in mid-March 2026, already shows about $36.3 million in open interest. Across all its contracts, the platform’s total open interest stands at roughly $2.4 billion, with $262 million in 24-hour ETH volume alone. The broader derivatives market tracked by Delphi Digital’s dashboard encompasses approximately $40 billion in options trading activity. Onchain options still represent only about 4.3% of overall activity compared to centralized exchanges like Deribit, OKX, Bybit, and Binance, all of which are also featured as dat...