Methodology

Total traction of onchain options across venues. The unit of comparison is the venue, not the underlying asset. Headline numbers are always the venue total across every underlying it lists. Different venues list different underlyings (check out the "Volume by Underlying" tab for a full breakdown).

Most of these venues are multi-product (for example, Derive also offers perps and spot), and several publish all-product volume by default. Every figure here is filtered to options at the source, and each filter is proven by comparing the filtered response against the unfiltered one.

• Derive — public/statistics with instrument_name: OPTION; OPTION / PERP / SPOT each return distinct totals, which proves the selector actually filters.
• Aevo — per-asset statistics?instrument_type=OPTION; the same call without an asset returns full all-product volume (filter ignored), so we always scope by asset and sum.
• Paradex / Hypersurface — DefiLlama's dedicated options adapter, never the dexs/derivatives adapter for the same protocol (which would return perp volume).

Premium volume — the cash actually paid for options. The honest measure of business done.

Notional volume — face value: contract size × underlying price. Large by construction and useful to show scale, but misleading alone.

Premium-to-notional ratio — recomputed from period sums (never averaged daily ratios).

• Derive — first-party API, options-only, for live figures and full history (native).
• Aevo — per-asset native stats (options-only) summed across listed assets, DefiLlama options adapter for history.
• Rysk — DefiLlama rysk-v12, premium + notional daily.
• Hypercall — 24h notional + open interest from its own API, premium history rebuilt from the public trades tape.
• Paradex — DefiLlama options adapter, per-underlying notional from the markets summary.
• Hypersurface — DefiLlama options adapter (vault venue).

The biggest individual options trades per window (24h / 7d / 30d / all-time), ranked by premium (cash paid) or notional (contracts × underlying = exposure). Sourced from each venue's public options trade tape, stored idempotently and deduped. The All table is a standing top-50 leaderboard: seeded once from a deep historical scan back to each venue's inception, then updated on every ingest as new record trades land.

• Every figure is options-only. Perps, spot, futures and pre-launch markets are filtered out and the filters are verified (above).
• Rysk premium is what sellers receive, one-sided RFQ economics not two-sided exchange flow.
• Hypercall Open interest and 24h notional come from its own API, premium history from the public trade tape.
• Venues list different underlyings (see "Volume by Underlying" tab). It's all onchain options flow and all counted.
• Early-2024 Aevo volume includes token-launch incentive activity, so those months read high relative to organic flow.

The toggle (24H / 7D / Monthly / YTD / All-time) sets the timeframe. 24H and 7D draw daily bars; Monthly, YTD and All-time draw one bar per calendar month, with the current month shown as a partial (month-to-date). The current period is always in progress and rendered at reduced opacity.

All-time reaches back to each venue's inception, so early months show only the venues that existed then. The All table is an all-time leaderboard, seeded from a deep scan of each venue's trade history back to inception and kept current on every ingest.