Total Value Locked$161.94m
TVL by Chain
Hyperliquid L1$52.82m
Base$39.2m
OP Mainnet$29.5m
Arbitrum$21.14m
Ethereum$19.28m
Blast$0
Mode$0
Key Metrics
Fees 30d$556,078
Fees 30d by chain
Derive Chain$556,078
Fees 7d$76,015
Derive Chain$76,015
Fees 24h$15,136
Derive Chain$15,136
Cumulative Fees$14.6m
Derive Chain$12.81m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue 30d$436,295
Revenue 30d by chain
Derive Chain$436,295
Revenue 7d$55,237
Derive Chain$55,237
Revenue 24h$10,343
Derive Chain$10,343
Cumulative Revenue$5.51m
Derive Chain$5.51m
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$618.28m
Perp Volume 30d by chain
Derive Chain$618.28m
Perp Volume 7d$175.09m
Derive Chain$175.09m
Perp Volume 24h$38.69m
Derive Chain$38.69m
Cumulative Perp Volume$14.552b
Derive Chain$14.552b
Options Premium Volume 30d$64.3m
$9.27m
$851,999
$597.99m
Options Notional Volume 30d$2.02b
$276.62m
$52m
$22.196b
$129.64m
Market Cap$178.31m
$DRV Price$0.18
$267.54m
$DRV Volume 24h$40.38m
CEX Volume$33.31m
DEX Volume$6.99m(17.31% of total)
Staked$0(0% of mcap)
Treasury$92.51m
$78,895.91
Stablecoins$1.88m
Own Tokens$90.55m
Others$3,201.61
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 $161.94m in total value locked. TVL has increased 37.7% over the past 30 days.
What chains does Derive operate on?
Derive operates on 8 chains: Ethereum, Arbitrum, OP Mainnet, Hyperliquid L1, and Base and 3 others. Hyperliquid L1 holds the largest share at 32.6%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $556,078 in fees. Of that, $436,295 was protocol revenue. Based on the trailing year, the annualized rate is $5.5m in fees and $3.75m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.18. Its circulating market capitalization is $178.31m, ranking it #273. Its fully diluted valuation is $267.54m. Supply currently stands at 999.71m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is up 6.5% over the past 7 days and up 84.4% over the past 30 days. Its all-time high is $0.23, reached on Jan 14, 2025. The token is currently 22.1% 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 $618.28m in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $92.51m. Its holdings include $1.88m in stablecoins, $78,895.91 in major assets, $90.55m in its own tokens, $3,201.61 in other assets.
