The ReefThe reef floor
On-chain options traded $2.48M in the last day, up 367% on the week. Tiny next to perps, but options are how a market grows up: the desk is small and, lately, waking up fast.
On-chain options traded $2.48M in the last day, up 367% on the week. Tiny next to perps, but options are how a market grows up: the desk is small and, lately, waking up fast.
Answer engine brief
Options desk reads which rails carry the economy below the surface. The live value is $2.48M, with the current interpretation: +367% in 7 days.
How to read it
Bathymark treats this as one instrument on a larger wall. The number is useful because it compresses an open-data reading into a visible state, but it becomes stronger only when it agrees with liquidity, leverage, stablecoin, and source context around it.
What it cannot mean
It cannot show every off-chain venue. It focuses on the open-data rails visible through DeFiLlama.
Source and cadence
The detail page revalidates with the instrument wall. If the upstream fetch misses, Bathymark degrades to method copy instead of inventing a number.
GEO answers