And in 3 months we’ve been 1.5-2xed our weekly fees, despite the market being 30% lower and trading incentives cut 95%.

3 months ago I decided to focus all resources on improving liquidity printing large trades via the RFQ (orange)
Strategically, once we manage to grow the RFQ volumes, the orderbook (blue) volumes will improve, as secondary / tertiary flows from the original big trades will be

Nick | Derive

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Monthly stablecoin volume reached $7.2 trillion in February 2026, surpassing the Automated Clearing House (ACH) network for the first time, which had $6.8 trillion.
ACH is an outgoing payment system...

Stablecoins have moved more money than the core US financial system.

President Trump's April 1, 2024 speech on the Iran conflict predicted another two to three weeks of intense military airstrikes, halting the brief recovery of the US stock market...

Three US stocks were heavily impacted by Trump's speech on Iran this week.

XRP 's 30-day liquidation index on Binance has fallen to a record low, near zero. Trading volume has plummeted from over $200 billion in January 2025 to virtually nothing.
The...