Ask about Derive
Derive(DRV)
Total Value Locked$189.47m
TVL by Chain
Base$53.85m
Hyperliquid L1$52.44m
OP Mainnet$32.17m
Ethereum$31.48m
Arbitrum$19.53m
Blast$0
Mode$0
Key Metrics
Fees 30d$630,159
Fees 30d by chain
Derive Chain$630,159
Fees 7d$206,872
Derive Chain$206,872
Fees 24h$16,532
Derive Chain$16,532
Cumulative Fees$15.13m
Derive Chain$13.33m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue 30d$500,836
Revenue 30d by chain
Derive Chain$500,836
Revenue 7d$156,553
Derive Chain$156,553
Revenue 24h$12,662
Derive Chain$12,662
Cumulative Revenue$5.93m
Derive Chain$5.93m
Holders Revenue 30d$0
Holders Revenue 30d by chain
Derive Chain$0
Holders Revenue 7d$0
Derive Chain$0
Holders Revenue 24h$0
Derive Chain$0
Cumulative Holders Revenue$0
Derive Chain$0
Perp Volume 30d$1.05b
Perp Volume 30d by chain
Derive Chain$1.05b
Perp Volume 7d$394.1m
Derive Chain$394.1m
Perp Volume 24h$28.81m
Derive Chain$28.81m
Cumulative Perp Volume$15.366b
Derive Chain$15.366b
Options Premium Volume 30d$75.3m
$25.82m
$1.06m
$660.82m
Options Notional Volume 30d$3.78b
$1.354b
$116.2m
$25.538b
$85.79m
Market Cap$416.51m
$DRV Price$0.42
$624.98m
$DRV Volume 24h$24.6m
CEX Volume$19.2m
DEX Volume$6.27m(25.49% of total)
Staked$0(0% of mcap)
Treasury$196m
$85,577
Stablecoins$3.23m
Own Tokens$192.68m
Others$4,573
Total Raised$6.3m
Jul 26, 2021$3.3mRound: SeedInvestors: AllianceDAO, Anthony Sassano, Anton Bukov, Apollo Capital, Divergence Ventures, Framework Ventures, Jinglan Wang, Jordan Momtazi, Kain Warwick, Orthogonal Trading, ParaFi Capital, Robot Ventures, Ryan Sean Adams, Stani Kulechov, Tyler Scott Ward
Nov 30, 2022$3mRound: StrategicInvestors: Framework Ventures, GSR
Feb 2, 2026Round: Investors: Variant
Protocol Information
Trade options & perps. Earn yield with restaking derivatives.
- Derive V2Derivatives
- Derive V1Options
- Derive OptionsOptions
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Options Premium Volume: Sum of value paid buying and selling options on the exchange
Options Notional Volume: Sum of the notional value of all options that have been traded on the exchange
Frequently Asked Questions
What is Derive's TVL?
Derive currently has $189.47m in total value locked. TVL has increased 15.3% over the past 30 days.
What chains does Derive operate on?
Derive operates on 8 chains: Ethereum, Arbitrum, OP Mainnet, Base, and Hyperliquid L1 and 3 others. Base holds the largest share at 28.4%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $630,159 in fees. Of that, $500,836 was protocol revenue. Based on the trailing year, the annualized rate is $5.74m in fees and $4.05m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.42. Its circulating market capitalization is $416.51m, ranking it #179. Its fully diluted valuation is $624.98m. Supply currently stands at 999.66m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is up 4.7% over the past 7 days and up 142.2% over the past 30 days. Its all-time high is $0.51, reached on Sep 19, 2026. The token is currently 18.1% below that level.
Which protocols are included in Derive?
Derive is a parent protocol whose tracked products include Derive V2, Derive V1, and Derive Options.
How much perpetual futures volume does Derive process?
Derive processed $1.05b in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $196m. Its holdings include $3.23m in stablecoins, $85,577 in major assets, $192.68m in its own tokens, $4,573 in other assets.