0xmjs's profile picture. Building @derivexyz, prev @synthetix_io, delegate @optimismPBC, exploring frontiers

mjs ๐Ÿง™

@0xmjs

Building @derivexyz, prev @synthetix_io, delegate @optimismPBC, exploring frontiers

๊ณ ์ •๋œ ํŠธ์œ—

Last month DA cost 42 ETH Next month DA will cost < 0.5 ETH That's over 100x in savings

Lyra is going modular ๐Ÿง™๐Ÿง™๐Ÿง™๐Ÿง™ Weโ€™re upgrading Lyra Chain, powered by the @optimism OP Stack and @celestiaorg โ€” the leader in modular data availability. With Celestia underneath โœจ, Lyra takes another step towards creating the largest source of crypto options liquidity.

DeriveXYZ's tweet image. Lyra is going modular ๐Ÿง™๐Ÿง™๐Ÿง™๐Ÿง™

Weโ€™re upgrading Lyra Chain, powered by the @optimism OP Stack and @celestiaorg โ€” the leader in modular data availability.

With Celestia underneath โœจ, Lyra takes another step towards creating the largest source of crypto options liquidity.


mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

15.01.25 $DRV is near. Years of building, partnerships, and milestones have brought us to this moment. Letโ€™s take a moment. โ†“


mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

$DRV will be one of the first tokens listed on Swidge, a new product by @infinex_app that allows users to purchase a token, with any token, from any chain. To celebrate this launch, Infinex and Derive are hosting a two-week incentivized trading competition with a 1M $DRV prizeโ€ฆ

DeriveXYZ's tweet image. $DRV will be one of the first tokens listed on Swidge, a new product by @infinex_app that allows users to purchase a token, with any token, from any chain.  

To celebrate this launch, Infinex and Derive are hosting a two-week incentivized trading competition with a 1M $DRV prizeโ€ฆ

mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

first billion dollar week first billion dollar day ๐Ÿ”œ

itseneff's tweet image. first billion dollar week
first billion dollar day ๐Ÿ”œ

mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

I asked these mofos if they are ready to give the degens what they want? They said fuck yes 0-day-options. Itโ€™s going to be fucking lit.

Giddy up, @CryptoHayes ๐ŸŽ @MaelstromFund have made a strategic investment into Derive. Arthur Hayes pioneered crypto derivatives with BitMEX, played a significant role advising our friends at @ethena_labs, and is now doing the same at Derive.

DeriveXYZ's tweet image. Giddy up, @CryptoHayes ๐ŸŽ

@MaelstromFund have made a strategic investment into Derive. 

Arthur Hayes pioneered crypto derivatives with BitMEX, played a significant role advising our friends at @ethena_labs, and is now doing the same at Derive.


mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

Giddy up, @CryptoHayes ๐ŸŽ @MaelstromFund have made a strategic investment into Derive. Arthur Hayes pioneered crypto derivatives with BitMEX, played a significant role advising our friends at @ethena_labs, and is now doing the same at Derive.

DeriveXYZ's tweet image. Giddy up, @CryptoHayes ๐ŸŽ

@MaelstromFund have made a strategic investment into Derive. 

Arthur Hayes pioneered crypto derivatives with BitMEX, played a significant role advising our friends at @ethena_labs, and is now doing the same at Derive.

mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

.@derivexyz Reaches 2 New ATHs 30d Increase: +167% Transaction Count +174% Throughput

growthepie_eth's tweet image. .@derivexyz Reaches 2 New ATHs

30d Increase:
+167% Transaction Count
+174% Throughput

mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

Congratulations to the Derive team on announcing Derive Pro, an AI-powered trading app. Derive Pro is supercharged by Messari Copilot, equipping users with top-tier crypto intelligence. Now, traders can access real-time news, trends, and crypto data with just a prompt.

Introducing Derive Pro: our first step into DeFAI, delivering an AI-powered trading experience for pro traders. In collaboration with @MessariCrypto, we're redesigning the trading experience from scratch, with agents at the center.

DeriveXYZ's tweet image. Introducing Derive Pro: our first step into DeFAI, delivering an AI-powered trading experience for pro traders.

In collaboration with @MessariCrypto, we&apos;re redesigning the trading experience from scratch, with agents at the center.


Real #DeFAI product that has been in the making for months ๐Ÿ‘€ Derive ๐Ÿค Messari

Introducing Derive Pro: our first step into DeFAI, delivering an AI-powered trading experience for pro traders. In collaboration with @MessariCrypto, we're redesigning the trading experience from scratch, with agents at the center.

DeriveXYZ's tweet image. Introducing Derive Pro: our first step into DeFAI, delivering an AI-powered trading experience for pro traders.

In collaboration with @MessariCrypto, we&apos;re redesigning the trading experience from scratch, with agents at the center.


mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

Derive has higher gas usage than both OP Mainnet and Arbitrum during volatility, and users are paying 0 in gas fees. A lot of people didn't understand why we had to build on our own L2, but scaling 10x from where we are now wouldn't even be possible on a general purpose rollup.

muir_eth's tweet image. Derive has higher gas usage than both OP Mainnet and Arbitrum during volatility, and users are paying 0 in gas fees.

A lot of people didn&apos;t understand why we had to build on our own L2, but scaling 10x from where we are now wouldn&apos;t even be possible on a general purpose rollup.

mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

$100M+ TVL, 61K+ users, and $6B+ in volume. Onchain derivatives are here, powered by @Celestia underneath ๐Ÿฆฃ With 680,000 transactions processed, we've achieved unmatched efficiency. Celestia's modular data availability layer enables ultra-low costs (just 0.0012 gwei per trade)โ€ฆ

DeriveXYZ's tweet image. $100M+ TVL, 61K+ users, and $6B+ in volume. 
Onchain derivatives are here, powered by @Celestia underneath ๐Ÿฆฃ

With 680,000 transactions processed, we&apos;ve achieved unmatched efficiency. Celestia&apos;s modular data availability layer enables ultra-low costs (just 0.0012 gwei per trade)โ€ฆ

mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

๐Ÿด With this increase in Transactions, @derivexyz has also reached a new ATH in Throughput! Up 242% this month! 1 Mgas/s = soonโ„ข๏ธ

growthepie_eth's tweet image. ๐Ÿด With this increase in Transactions, @derivexyz has also reached a new ATH in Throughput!

Up 242% this month!

1 Mgas/s = soonโ„ข๏ธ

๐ŸŽ@derivexyz continues to grow its Daily Transaction Count New ATH - up 126% this month ๐Ÿฅณ Using Active Addresses we can work out the average Daily Transaction Count per Address - This is almost 1000 Transactions per Address! We will continue to monitor this ๐Ÿ‘€

growthepie_eth's tweet image. ๐ŸŽ@derivexyz continues to grow its Daily Transaction Count 

New ATH - up 126% this month ๐Ÿฅณ

Using Active Addresses we can work out the average Daily Transaction Count per Address - This is almost 1000 Transactions per Address! We will continue to monitor this ๐Ÿ‘€


mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

.@modenetwork and @derivexyz climbing the mgas/s leaderboards Driven by AI Agents in the former, and onchain options finding demand in the latter Hats off to both teams for staying heads down building

KAndrewHuang's tweet image. .@modenetwork and @derivexyz climbing the mgas/s leaderboards

Driven by AI Agents in the former, and onchain options finding demand in the latter

Hats off to both teams for staying heads down building

mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

Aave at max capacity, but you can still put this trade on in size on @derivexyz sUSDe depositors also eligible for an exclusive Ethena bonus, too derive.xyz/borrow

itseneff's tweet image. Aave at max capacity, but you can still put this trade on in size on @derivexyz 

sUSDe depositors also eligible for an exclusive Ethena bonus, too 

derive.xyz/borrow

hereโ€™s how Aavethena works: - Aave increases sUSDSe caps - sUSDe holders borrow stables to the max to max return - Stables borrow rate spikes to 100% - New users lend stables - Borrow rate comes down - REPEAT This is the biggest black hole of capital in DeFi 2 BILLION NEXT

MacroMate8's tweet image. hereโ€™s how Aavethena works:

- Aave increases sUSDSe caps
- sUSDe holders borrow stables to the max to max return
- Stables borrow rate spikes to 100%
- New users lend stables 
- Borrow rate comes down
- REPEAT

This is the biggest black hole of capital in DeFi

2 BILLION NEXT
MacroMate8's tweet image. hereโ€™s how Aavethena works:

- Aave increases sUSDSe caps
- sUSDe holders borrow stables to the max to max return
- Stables borrow rate spikes to 100%
- New users lend stables 
- Borrow rate comes down
- REPEAT

This is the biggest black hole of capital in DeFi

2 BILLION NEXT


mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

One of my most insane but enjoyable weeks ever @derivexyz. - Major partnership + grant with @ethena_labs - Biggest trade ever ($1.66m in options premiums) - TVL/user ATHs - DRV Jan 15 announce And a MASSIVE influx of collab interest from teams I've wanted to work with allโ€ฆ


mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

Today, Derive integrates into @Ethena_labs. A multi-million dollar partnership to bring basis trading to Derive and unlock $4.5b of TVL and 300,000 users.


mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

We were going to write another blog on why BTC options are important. Turns out @CNBC is doing the education for us.

#Bitcoin Options Have Arrived



mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

What if trading felt less like an exam and more like a conversation? AI and options together could make this a realityโ€”turning complexity into clarity and unlocking the potential for onchain markets to scale like never before. Hereโ€™s how I think this plays out in 2025 ๐Ÿงต


mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

Thank you @realDonaldTrump for your leadership and courage. I'm committed to advancing your vision to Make America Healthy Again. We have a generational opportunity to bring together the greatest minds in science, medicine, industry, and government to put an end to the chronicโ€ฆ


mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services (HHS). For too long, Americans have been crushed by the industrial food complex and drug companies who have engaged in deception, misinformation, and disinformation when itโ€ฆ


mjs ๐Ÿง™ ๋‹˜์ด ์žฌ๊ฒŒ์‹œํ•จ

24 hour trades ATH โœ… Open interest ATH โœ… TVL ATH โœ… Sure we're cooking, but I mean it when I say this, you ain't seen nothing yet We are going to change how people all over the world trade, designed from first principles. More very ๐Ÿ”œ

itseneff's tweet image. 24 hour trades ATH โœ…
Open interest ATH โœ…
TVL ATH โœ…

Sure we&apos;re cooking, but I mean it when I say this, you ain&apos;t seen nothing yet

We are going to change how people all over the world trade, designed from first principles. 

More very ๐Ÿ”œ

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