Derive cites Celestia for V3 scale, custody and data availability

Derive says its V3 upgrade is designed to handle much larger onchain options activity while keeping user funds withdrawable if its operator goes offline, and it is leaning on Celestia to publish the data needed to reconstruct exchange state. In a case study published by Celestia on 23 October 2026, Derive said it accounts for about 95% of onchain options premium volume and has processed more than $40 billion in cumulative notional volume.

Source: Blockchain.News