HEGIC v888 launched in Q3 2020, the protocol has had parabolic growth since the launch of v888, the protocol experienced more growth in January, below is a quick summary of stats for January;
The total cumulative options volumes on HEGIC exceeded $200million in January.
Since HEGIC v888 beta launch, 218 users bought two or more $WBTC options.
484 users bought two or more $ETH options
134 WBTC Liquidity Providers (LPs)
381 ETH Liquidity Providers (LPs) have not withdrawn any funds.
The HEGIC Ecosystem continuous to grow with ten developers joining the ecosystem, other community members have developed different analytical tools to monitor options statistics, trades, etc. The product ecosystem continues to grow, HEGIC went from a sole derivative platform to now an ecosystem with zLOT Finance, Hegicstakingco, WHITEHEART, Hegic finance and we could see a HEGIC ecosystem index Funds developed by the Indexed Finance team.
As the community awaits the launch of HEGIC v2, we remain bullish on the growth of the decentralized options market and the growth of HEGIC. WE remain Long HEGIC.
Disclaimer:
Investors must have the financial ability, sophistication, and experience to bear the risk of an investment. This article is intended for those with an in-depth understanding of the high-risk nature of investments. This article is not to be considered as investment advice and tax advice. Talk to your accountant and your investment advisor. Do your own research before making any investment decision.
