Delphi Digital Unveils Free Crypto Options Dashboard

Delphi Digital has launched its free Delphi Options Dashboard, providing institutional-grade options data to anyone. The research firm's new tool aggregates volatility metrics, skew data, dealer gamma walls, and strategy tools across four major assets: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Hyperliquid's native token HYPE.

The dashboard pulls together data from five major venues: Deribit, OKX, Bybit, Binance, and Derive. It offers several key features, including volatility data that shows how much the market expects prices to move, skew metrics that reveal whether traders are paying more for upside calls or downside puts, and dealer gamma walls that identify price levels where market makers have concentrated exposure.

The strategy builder comes loaded with 13 preset structures, allowing traders to quickly model payoff profiles for common strategies like straddles, strangles, spreads, and complex multi-leg positions. This development is significant, as crypto options volumes have been on a tear, reaching record levels in November 2025 at $185 billion in a single month.

The inclusion of HYPE alongside the other three assets speaks to decentralized options platforms eating into market share. Delphi Digital's free product could pressure existing providers to either lower prices or differentiate with more advanced features.