The events of 312 seem like they happened last century already. Back then, implied volatility reached as high as 500%, and what limited that implied volatility wasn't market conditions, but rather exchange rules.

Six years have passed, and the options market has become very mature, no longer the wild west era of those days. Implied volatility has also been maintained below 60% for an extended period, no longer the market that frequently exceeded 100% back then.

However, the options market has grown from daily trading volumes of just hundreds of millions of dollars back then to tens of billions of dollars today, achieving over tenfold growth and has now become an investment product entering mainstream investment horizons.

I believe that in the future, whether it's cryptocurrency or the options market, there still exists tenfold potential. The current market penetration rate still has substantial room for growth.