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Derive(DRV)

Total Value Locked$184.46m

TVL by Chain

Ethereum$183.98m

OP Mainnet$431,759

Arbitrum$26,417

Base$15,417

Mode$0

Blast$0

Hyperliquid L1$0

Key Metrics

Fees 30d$683,128
Fees 30d by chain

Derive Chain$503,033

Derive V3$180,095

Fees 7d$121,970

Derive V3$121,970

Fees 24h$27,661

Derive V3$27,661

Cumulative Fees$15.51m

Derive Chain$13.51m

OP Mainnet$1.13m

Arbitrum$663,779

Derive V3$207,764

Revenue 30d$547,290
Revenue 30d by chain

Derive Chain$392,478

Derive V3$154,812

Revenue 7d$104,830

Derive V3$104,830

Revenue 24h$23,892

Derive V3$23,892

Cumulative Revenue$6.24m

Derive Chain$6.06m

Derive V3$179,121

Holders Revenue 30d$0
Holders Revenue 30d by chain

Derive Chain$0

Derive V3$0

Holders Revenue 7d$0

Derive V3$0

Holders Revenue 24h$0

Derive V3$0

Cumulative Holders Revenue$0

Derive Chain$0

Derive V3$0

DEX Volume 30d$5.32m
DEX Volume 30d by chain

Derive Chain$4.53m

Derive V3$786,755

DEX Volume 7d$375,825

Derive V3$375,825

DEX Volume 24h$20,178

Derive V3$20,178

Cumulative DEX Volume$19.57m

Derive Chain$18.73m

Derive V3$830,937

Perp Volume 30d$1.091b
Perp Volume 30d by chain

Derive Chain$913.81m

Derive V3$176.77m

Perp Volume 7d$115.24m

Derive V3$115.24m

Perp Volume 24h$24.65m

Derive V3$24.65m

Cumulative Perp Volume$15.919b

Derive Chain$15.721b

Derive V3$198.1m

Options Premium Volume 30d$81.76m

Options Premium Volume 7d$17.92m

Options Premium Volume 24h$4.13m

Cumulative Options Premium Volume$709.39m

Options Notional Volume 30d$4.335b

Options Notional Volume 7d$808.23m

Options Notional Volume 24h$209m

Cumulative Options Notional Volume$28.025b

Open Interest$83m

Options Open Interest$1.897b

Market Cap$412.87m

$DRV Price$0.41

All Time High$0.57

All Time Low$0.012

View $DRV token page

Fully Diluted Valuation$619.52m

$DRV Volume 24h$12.91m

CEX Volume$7.48m

DEX Volume$5.75m(44.54% of total)

Staked$0(0% of mcap)

Treasury$205.51m

Majors$321,324

Stablecoins$5.84m

Own Tokens$199.34m

Others$6,997

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

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Protocol Information

Trade options & perps. Earn yield with restaking derivatives.

WebsiteGitHubX/Twitter
Categories:OptionsDerivativesDexs
Products:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Derive V1 - Fees paid by usersView code on GitHubDerive V2 - Gross trading fees charged to users across Derive markets (makerFees + takerFees) from stats-api.derive.xyz/fees over the requested period.View code on GitHubDerive Options - Gross trading fees charged to users across Derive markets (makerFees + takerFees) from stats-api.derive.xyz/fees over the requested period.View code on GitHubDerive V3 Perps - Trading fees and builder fees paid on Derive perpetual trades.View code on GitHubDerive V3 Options - Trading fees and builder fees paid on Derive options trades.View code on GitHubDerive V3 Spot - Trading fees and builder fees paid on Derive spot trades.View code on GitHubDerive V2 Spot - Trading fees and builder fees paid on Derive spot trades.View code on GitHub

Revenue:

Derive V1 - Treasury and token holders revenueView code on GitHubDerive V2 - Equal to Fees (gross trading fees subtracting rebates).View code on GitHubDerive Options - Equal to Fees (gross trading fees subtracting rebates).View code on GitHubDerive V3 Perps - Trading fees minus maker rebates.View code on GitHubDerive V3 Options - Trading fees minus maker rebates.View code on GitHubDerive V3 Spot - Trading fees minus maker rebates.View code on GitHubDerive V2 Spot - Trading fees minus maker rebates.View code on GitHub

Holders Revenue:

Derive V1 - Fees going to governance token holdersView code on GitHubDerive V2 - Fees going to governance token holdersView code on GitHubDerive Options - Fees going to governance token holdersView code on GitHubDerive V3 Perps - Fees going to governance token holdersView code on GitHubDerive V3 Options - Fees going to governance token holdersView code on GitHubDerive V3 Spot - Money going to governance token holdersView code on GitHubDerive V2 Spot - Money going to governance token holdersView code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

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 $184.46m in total value locked. TVL has increased 17.6% over the past 30 days.

What chains does Derive operate on?

Derive operates on 9 chains: Ethereum, Arbitrum, OP Mainnet, Base, and Hyperliquid L1 and 4 others. Ethereum holds the largest share at 99.7%.

How much has Derive generated in fees and revenue?

Over the past 30 days, Derive generated $683,128 in fees. Of that, $547,290 was protocol revenue. Based on the trailing year, the annualized rate is $5.87m in fees and $4.24m in revenue.

What is the DRV token price and valuation?

DRV is currently trading at $0.41. Its circulating market capitalization is $412.87m, ranking it #178. Its fully diluted valuation is $619.52m. Supply currently stands at 999.65m circulating, 1.5b total supply, 1.5b maximum supply.

How has DRV performed recently?

DRV is down 9.5% over the past 7 days and up 197.4% over the past 30 days. Its all-time high is $0.57, reached on Oct 9, 2026. The token is currently 27.5% below that level.

Which protocols are included in Derive?

Derive is a parent protocol whose tracked products include Derive V3 Options, Derive V2, Derive V1, Derive Options, and Derive V3 Perps and 2 others.

How much trading volume does Derive process?

Derive processed $5.32m in DEX volume over the past 30 days.

Does Derive have a treasury?

Derive has a tracked treasury currently valued at $205.51m. Its holdings include $5.84m in stablecoins, $321,324 in major assets, $199.34m in its own tokens, $6,997 in other assets.