However, despite the surging volumes, some decentralized derivatives exchanges appear to be struggling to attract the momentum of their centralized counterparts. Skyrocketing Ethereum fees appear to have slowed the growth of decentralized options, with the complicated smart contract executions required to interact with some Ethereum-based protocols resulting in gas prices of more than $1,000.
Similarly record fees also appear to have deterred traders from Ethereum-powered decentralized futures, with daily volume on dYdX plummeting from tens of billions in January to roughly $100 million over the past week. Recent liquidity issues on the popular on-chain options trading protocol Hegic are also impacting Etherum’s decentralized option markets.
Source: FXPro