
Options from a Builder’s Perspective
A Gap Analysis with Interviews from Rysk, Derive, Panoptic, and GammaSwap.

Digital Asset Research & Strategy
Digital asset research and advisory for the protocols and enterprises shaping crypto's next chapter.
Trusted by leading protocols & ecosystems


Castle Labs is a research and advisory firm. We produce human-centric research and distribution campaigns for companies and advise them on how to navigate an ever-changing market environment.
We exist to bridge the gap between complex onchain innovation and the people who need to understand it. Our destination: to be the research authority and partner of choice for the protocols shaping crypto's next chapter.










What We Do
Flagship Reports
March 2026State of Commodities and a Quantitative Analysis of the Growth of these Markets Onchain
May 2026The evolution of Vaults as the infrastructure layer of institutional finance onchain
June 2026Privacy as Infrastructure for User Protection and Institutional Adoption
June 2026Mapping the growth of RWAs and institutional adoption — the $29B tokenised market, who is issuing, and where the assets actually get used
July 2026Mapping the expansion of options as a trading instrument and the volatility that prices them — co-authored with BlockScholes

A Gap Analysis with Interviews from Rysk, Derive, Panoptic, and GammaSwap.

PLUS: Lighter's horizontal bet, Prediction Market regulation, and SECZ’s tokenised stock

This article is an excerpt from our research on The Renaissance of Onchain Options, mapping the expansion of options (and prediction markets) as a trading instrument and the volatility that prices them, published in collaboration with Block Scholes.

In the last 18 months, Prediction markets (PMs) grew from roughly $2 billion in monthly volume to more than $30 billion, scaling rapidly from a niche category to a mature ecosystem.


Strategic clarity, credible narratives, and distribution that reaches the people who matter.
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