Total Value Locked$160.95m
TVL by Chain
Hyperliquid L1$52.35m
Base$39.06m
OP Mainnet$29.24m
Arbitrum$21m
Ethereum$19.3m
Blast$0
Mode$0
Key Metrics
Fees 30d$551,903
Fees 30d by chain
Derive Chain$551,903
Fees 7d$91,242
Derive Chain$91,242
Fees 24h$13,710
Derive Chain$13,710
Cumulative Fees$14.59m
Derive Chain$12.79m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue 30d$434,323
Revenue 30d by chain
Derive Chain$434,323
Revenue 7d$70,051
Derive Chain$70,051
Revenue 24h$10,313
Derive Chain$10,313
Cumulative Revenue$5.5m
Derive Chain$5.5m
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$595.47m
Perp Volume 30d by chain
Derive Chain$595.47m
Perp Volume 7d$184.56m
Derive Chain$184.56m
Perp Volume 24h$31.23m
Derive Chain$31.23m
Cumulative Perp Volume$14.513b
Derive Chain$14.513b
Options Premium Volume 30d$64.19m
$11.61m
$1.29m
$597.14m
Options Notional Volume 30d$2.022b
$385.23m
$46.62m
$22.144b
$136.68m
Market Cap$150.29m
$DRV Price$0.15
$225.51m
$DRV Volume 24h$4.42m
CEX Volume$1.59m
DEX Volume$3.11m(70.43% of total)
Staked$0(0% of mcap)
Treasury$77.73m
$78,122.54
Stablecoins$1.88m
Own Tokens$75.77m
Others$3,006.78
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 $160.95m in total value locked. TVL has increased 39.7% 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 32.5%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $551,903 in fees. Of that, $434,323 was protocol revenue. Based on the trailing year, the annualized rate is $5.49m in fees and $3.75m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.15. Its circulating market capitalization is $150.29m, ranking it #299. Its fully diluted valuation is $225.51m. Supply currently stands at 999.71m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is down 9.1% over the past 7 days and up 50.3% over the past 30 days. Its all-time high is $0.23, reached on Jan 14, 2025. The token is currently 34.1% 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 $595.47m in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $77.73m. Its holdings include $1.88m in stablecoins, $78,122.54 in major assets, $75.77m in its own tokens, $3,006.78 in other assets.
