In this episode, Amberdata’s Director of Derivatives, Greg Magadini, breaks down today’s volatility, on-chain trends, and the new shape of crypto derivatives. Greg shares his path from traditional markets to crypto, the rise of Genesis Volatility, and how the Amberdata acquisition pushed the space forward.We dig into the recent market drop, what it says about the next cycle, and how BTC halvings, ETFs, and macro flows: including the growing pull between AI and crypto, are driving sentiment.Greg also explains why IBIT options trade rich, how on-chain options are evolving, and what DeFi still needs to reach real scale. Plus, audience questions on what’s missing for mass adoption, how on-chain venues compete, and the data edge needed to match top CEXs.A clean, clear look at where crypto market structure is heading next.------------------------------------About Derive XYZ:Derive is the leading decentralized platform for institutional-grade on-chain options, perpetuals, and structured products.Trade Crypto Options & Perpetual Futures on BTC and ETH with Ultra-low latency, deep liquidity, and pro features like Portfolio Margining, Cross-Asset Collateral & RFQ.Derive.xyz is the largest decentralized options exchange by volume, built from the ground up to deliver institutional-grade execution with deep liquidity and ultra-low latency onchain. Derive supports advanced trading of crypto options, perpetuals, and structured products, all fully onchain.With over $16.8B in total trading volume and $120.8M in TVL, Derive empowers users with automated, programmable strategies to build, grow, and preserve wealth. Co-founded by Nick Forster, Jake Fitzgerald, Mike Spain, and Dom Romanowski, Derive is redefining the standard for onchain Options, Futures and structured yield products.🏇 Trade Now: https://x.com/DeriveXYZ🅧 Twitter DeriveXYZ: https://x.com/derivexyz🅧 Twitter Sean Dawson: https://x.com/SeanNotShorn🅧 Twitter Ian Randle: https://x.com/CptRandlelwa🔗 Derive Insights: https://insights.derive.xyz/