Bankless · Friday, September 18, 2026
The Derive token has seen a significant price increase of 150% in the last month, driven by renewed interest in the cryptocurrency options market. With competitors like Hyperliquid and Lighter also entering the options space, Derive appears to be leading the charge in what could become a major theme for the industry.
“And so the Derive token has done incredibly well this last week. It is up 150% in the last month and 50% in the last two weeks.”
“And I kind of think this is like a starting pistol for the options race. Lighter is definitely trying to get into the options world. Hyperliquid has enabled options. So they are like, Derive is kind of like this, David versus Goliath versus Hyperliquid.”
“I don't know if Lighter counts as a Goliath yet, but there are three players in the options world. And I think like the options meta could be like a theme for the rest of the year.”