Insane Derivatives to Cash Volume Ratio

Probably due to extremely low denominator effect? 🧐

So many people that have no experience start with the option and start selling courses and call themselves a trader and lure gullible people. Entry to the barrier is 0. Just a demat and few thousands and you can start buying options. Get rich quick mindset since options can move 10-50% in 1,2 sessions. Fake profit screenshots that are moving around are nothing but a trap to sell courses, screeners, algos. No wonder less than 1% people beat Nifty returns.

This doesn't look good, does it? But what are some of the more direct implications of this on the general state of the markets?

I thought this was true for the entire world but apparently I was wrong. Could there be any simple explanation for this? Just low barrier entry doesn't seem to be enough for such a huge anomalous difference.