Total Value Locked$118.91m
TVL by Chain
Hyperliquid L1$35.14m
Base$26.27m
OP Mainnet$22.79m
Ethereum$18.29m
Arbitrum$16.42m
Mode$0
Blast$0
Key Metrics
Fees (Annualized)$5.25m
Fees 30d$377,826
Derive Chain$377,826
Fees 7d$72,329
Derive Chain$72,329
Fees 24h$14,287
Derive Chain$14,287
Cumulative Fees$14.15m
Derive Chain$12.35m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue (Annualized)$3.48m
Revenue 30d$293,788
Derive Chain$293,788
Revenue 7d$51,335
Derive Chain$51,335
Revenue 24h$10,260
Derive Chain$10,260
Cumulative Revenue$5.14m
Derive Chain$5.14m
Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0
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$292.39m
Perp Volume 30d by chain
Derive Chain$292.39m
Perp Volume 7d$61.44m
Derive Chain$61.44m
Perp Volume 24h$11.69m
Derive Chain$11.69m
Cumulative Perp Volume$14.018b
Derive Chain$14.018b
Options Premium Volume 30d$23.04m
$3.36m
$956,136
$538.48m
Options Notional Volume 30d$1.079b
$164.22m
$34.77m
$20.397b
$109.25m
Market Cap$92.27m
$DRV Price$0.092
$138.44m
$DRV Volume 24h$165,497
CEX Volume$84,626.11
DEX Volume$107,268.82(64.82% of total)
Staked$0(0% of mcap)
$DRV Liquidity$583,553
Aerodrome Slipstream$249,991
Aerodrome V1$232,019
Balancer V3$101,543
Treasury$49.64m
$59,969.66
Stablecoins$1.6m
Own Tokens$47.98m
Others$2,251.49
Total Raised
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: Strategic Investors: Framework Ventures, GSR
Feb 2, 2026Round: Investors: Variant
Protocol Information
Trade options & perps. Earn yield with restaking derivatives.
Category:Derivatives
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
Competitors
Frequently Asked Questions
What is Derive?
Trade options & perps. Earn yield with restaking derivatives.
What is Derive's TVL?
Derive currently has $118.91m in total value locked. TVL has increased 2.9% 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 29.5%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $377,826 in fees. Of that, $293,788 was protocol revenue. Based on the trailing year, the annualized rate is $5.25m in fees and $3.48m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.092. Its circulating market capitalization is $92.27m, ranking it #379. Its fully diluted valuation is $138.44m. Supply currently stands at 999.74m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is down 5.2% over the past 7 days and down 32.1% over the past 30 days. Its all-time high is $0.23, reached on Jan 14, 2025. The token is currently 59.6% 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 $292.39m in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $49.64m. Its holdings include $1.6m in stablecoins, $59,969.66 in major assets, $47.98m in its own tokens, $2,251.49 in other assets.
