Deribit and SignalPlus are putting up 600,000 USDC for their latest trading competition, a five-week event called “The Island” running from July 6 to August 10. It’s the biggest prize pool the duo has offered to date.
To put that number in perspective, the partnership’s first competition back in November 2023 carried a $100K USDC prize pool. In less than two years, the reward ceiling has grown sixfold.
From $100K to $600K: the prize pool escalation
After the initial $100K contest, the pair launched “The Summer Chase” with a $300K USDC prize pool. That was followed by the “Space Edition,” which bumped rewards to $450K USDC. Now “The Island” pushes the ceiling to $600K USDC.
The first competition produced $1 billion in notional trading volume. Later events during 2024 exceeded $8 billion in notional volume. Cumulative volume across 2025 competitions surpassed $23 billion, with individual events attracting more than 1,000 traders.
