Introduction
As of 2025, the increasing interest in decentralized options platforms seems to have seriously affected altcoin trading volumes. In this process, PowerTrade has become one of the main platforms that stand out among investors with its short-term options products.
Altcoin Based Options Volumes
In the table below, we have compiled the share of options volume of the 3 altcoins with the highest volume on PowerTrade as of April 2025:
| Altcoin | Options Volume (%) | Comment |
|---|---|---|
| XRP | 45.5% | Most preferred for hedging due to regulatory uncertainty |
| DOGE | 32.8% | Speculative nature leads to high use of bi-directional strategies |
| LEFT | 21.7% | Short-term puts dominate due to market indecision |
Strategy Preferences (2025 Q1)
The breakdown of PowerTrade users’ options strategy preferences is presented in the table below:
| Strategy Type | Usage Share (%) | Explanation |
|---|---|---|
| Call Options | 44.2% | Dominant in XRP and SOL for upside positioning |
| Put Options | 20.1% | Neutral strategies against downside expectations |
| Straddle/Strangle | 23.6% | Popular with DOGE for volatility trades |
Distribution of Position Duration
| Maturity Duration | Share of Total Positions | Comment |
|---|---|---|
| ≤ 7 days | 83.1% | Indicates short-term sentiment-driven trades |
| 8 – 30 days | 12.6% | Preferred by mid-term risk takers |
| > 30 days | 4.3% | Institutional participation remains limited but growing |
What Role for XRP, DOGE and SOL Options?
- XRP
XRP’s regulatory uncertainties trigger the need to “manage risk” in investors. For this reason, most of the options opened on PowerTrade on XRP are short-term and bullish call positions. They are also used to hedge against unexpected judicial rulings.
- DOGE
DOGE works a little differently. Since DOGE price movements are often shaped by social media or market speculation, traders prefer strategies where they can prepare for both sides without choosing a direction. In particular, two-way positions such as straddles are quite common.
- LEFT
Although Solana has created a technically strong ecosystem, it is subject to sharp corrections from time to time. This causes investors to be cautious against bearish risk. For this reason, the demand for put options (with bearish expectations) has increased on the SOL side.
General Evaluation
PowerTrade’s growth is not only increasing its own user base, but also influencing the pricing structure of altcoins such as XRP, DOGE and SOL. Especially in the short term, the prices of these coins have started to be affected by positioning in the options market.
For traders, this means the following: It is now necessary to pay attention not only to the spot market, but also to the data flow in the options markets. This is because the expectations and directional forecasts formed here can translate into actual price movements in the market.
Disclaimer
This content has been prepared by the Darkex Research Team for informational purposes only. It does not constitute investment advice. All risks and responsibilities arising from your investment decisions are solely your own.
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