The spread between dominant crypto options exchange Deribit's forward-looking 30-day implied volatility index for ether (ETH DVOL) and bitcoin (BTC DVOL) has been consistently negative since Sept. 7.
Options are derivatives that give the purchaser the right to buy or sell the underlying at a pre-determined price at a later date. Quarterly options settlements are closely watched...
The decline in activity in the network is partly because of the adoption of layer 2 networks, and the trend will continue in the near term, according to intoTheBlock.
Research firm RxR's blended Metcalfe law-centric valuation model, incorporating active user adoption of layer 2 scaling networks, suggests ether should trade at a market value of $275 billion.
The launch comes as the staking landscape is dominated by centralized staking providers, which together hold more than 70% of the staked ether (ETH) supply.