In Derivatives, What Mechanism Is Analogous to a Cryptocurrency’s Hard Cap?
The most analogous mechanism is the concept of a fixed contract size or the finite supply of a specific derivative product. For example, a futures contract has a fixed, standardized contract size.
More broadly, the total number of outstanding contracts (open interest) in a market at any time is a measure of current supply, but unlike a hard cap, this number is dynamic. The closest conceptual parallel is the fixed notional value of a standardized derivative.
