In the past few weeks, Ethereum , the second-largest cryptocurrency asset, has been on an upward trend, with an over 44% monthly increase, outperforming several major digital assets, including Bitcoin. ETH’s ongoing upside performance is not only observed in its price, but also in multiple crucial on-chain metrics such as the Options Open Interest.

A Record-Breaking Ethereum Options Interest

Ethereum continues to hold strong above the key $4,000 price mark following a notable upward trend. Meanwhile, its derivatives market is also heating up as ETH’s Options Open Interest (OI) witnesses a sharp growth.

Glassnode, a leading financial and on-chain data analytics platform, shared a recent report , revealing that Ethereum’s options open interest has surged to new levels. Such a

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