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Data: Last week, the large trading volume of SOL options on Deribit reached the second highest in history, with about 80% being put options

ChainCatcher news, according to CoinDesk, as the price of Solana (SOL) plummeted 46% to $160 over the past five weeks, large holders on the Deribit exchange are increasing their bearish options positions. Data shows that last week, the total amount of SOL block trades reached $32.39 million, accounting for nearly 25% of the total options trading volume of $130.74 million, marking the second highest level in history."Nearly 80% of the block trade volume is concentrated in put contracts. In contrast, during the same period, the put contracts for BTC were only 40%, and for ETH, only 37.5%," said Greg Magadini, Director of Derivatives at Amberdata. "This is far higher than the put ratios for Bitcoin (40%) and Ethereum (37.5%) during the same period.According to Lin Chen, Head of Business Development for Deribit Asia, Solana will face a significant unlock on March 1, with approximately 11.2 million tokens (worth about $2.07 billion) being released, accounting for 2.29% of the total supply, mainly from the FTX bankruptcy estate and foundation. This unlock size is about 59% of SOL's average daily spot trading volume, which could trigger market volatility. Meanwhile, since the issuance of the TRUMP token on January 17, the activity on the Solana ecosystem has significantly declined, with daily trading volume on decentralized exchanges (DEX) continuing to decrease, weakening SOL's upward momentum.

Vitalik: "Is Ethereum closer to the existence of Bitcoin or the existence of a world computer?" The two ways of thinking are compatible with each other

ChainCatcher message, Vitalik Buterin responded to the question "Should today's Ethereum be closer to Bitcoin or a world computer" by stating: "I think these two mindsets are compatible. If you need to discern which blockchains are 'truly decentralized', you can use a relatively simple test: if its foundation disappears, can the chain survive? I have a feeling that only Bitcoin and Ethereum can clearly answer: of course they can. Most of Ethereum's development is outside the foundation, and the client teams have independent business models. Many researchers are no longer in the foundation, and almost all activities, except for Devcon, are independent.Reaching this stage is difficult. Five years ago, Ethereum was not like this. Giving up these advantages in pursuit of TPS is a big mistake, because there will always be new chains emerging that suddenly have higher TPS than you. However, decentralization and resilience are valuable, and few blockchains possess them. These characteristics are beneficial for creating a digital currency with long-term value, as well as for having a good world computer. But the world computer also needs to solve the scalability issue. The term 'world computer' does not mean a computer that can simultaneously support every application in the world, but rather that applications around the world can interact with each other."
2025-02-19
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