Ask about Derive
Derive(DRV)
Total Value Locked$189.88m
TVL by Chain
Hyperliquid L1$53.12m
Base$52.63m
Ethereum$31.99m
OP Mainnet$31.96m
Arbitrum$20.18m
Blast$0
Mode$0
Key Metrics
Fees 30d$623,419
Fees 30d by chain
Derive Chain$623,419
Fees 7d$216,445
Derive Chain$216,445
Fees 24h$27,908
Derive Chain$27,908
Cumulative Fees$15.11m
Derive Chain$13.31m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue 30d$495,686
Revenue 30d by chain
Derive Chain$495,686
Revenue 7d$164,240
Derive Chain$164,240
Revenue 24h$20,087
Derive Chain$20,087
Cumulative Revenue$5.92m
Derive Chain$5.92m
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$1.036b
Perp Volume 30d by chain
Derive Chain$1.036b
Perp Volume 7d$416.08m
Derive Chain$416.08m
Perp Volume 24h$69.83m
Derive Chain$69.83m
Cumulative Perp Volume$15.337b
Derive Chain$15.337b
Options Premium Volume 30d$75.52m
$27.99m
$2.19m
$659.76m
Options Notional Volume 30d$3.708b
$1.433b
$157m
$25.422b
$85.45m
Market Cap$437.48m
$DRV Price$0.44
$656.45m
$DRV Volume 24h$11.25m
CEX Volume$6.8m
DEX Volume$3.65m(32.42% of total)
Staked$0(0% of mcap)
Treasury$210.69m
$85,636.71
Stablecoins$3.23m
Own Tokens$207.38m
Others$4,609.28
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 $189.88m in total value locked. TVL has increased 18.6% 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 28%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $623,419 in fees. Of that, $495,686 was protocol revenue. Based on the trailing year, the annualized rate is $5.76m in fees and $4.05m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.44. Its circulating market capitalization is $437.48m, ranking it #173. Its fully diluted valuation is $656.45m. Supply currently stands at 999.66m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is up 49.6% over the past 7 days and up 161.6% over the past 30 days. Its all-time high is $0.51, reached on Sep 19, 2026. The token is currently 14% 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 $1.036b in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $210.69m. Its holdings include $3.23m in stablecoins, $85,636.71 in major assets, $207.38m in its own tokens, $4,609.28 in other assets.