Total Value Locked$156.39m
TVL by Chain
Hyperliquid L1$53.67m
Base$33.2m
OP Mainnet$28.14m
Arbitrum$21.71m
Ethereum$19.67m
Mode$0
Blast$0
Key Metrics
Fees (Annualized)$2.16m
Fees 30d$146,854
Derive Chain$146,854
Fees 7d$71,175
Derive Chain$71,175
Fees 24h$18,144
Derive Chain$18,144
Cumulative Fees$7.43m
Derive Chain$7.43m
Revenue (Annualized)$1.22m
Revenue 30d$67,565
Derive Chain$67,565
Revenue 7d$35,455
Derive Chain$35,455
Revenue 24h$9,549
Derive Chain$9,549
Cumulative Revenue$838,981
Derive Chain$838,981
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$432.64m
Perp Volume 30d by chain
Derive Chain$432.64m
Perp Volume 7d$209.57m
Derive Chain$209.57m
Perp Volume 24h$29.64m
Derive Chain$29.64m
Cumulative Perp Volume$14.231b
Derive Chain$14.231b
$176.16m
$DRV Liquidity$583,553
Aerodrome Slipstream$249,991
Aerodrome V1$232,019
Balancer V3$101,543
Total Raised
Feb 2, 2026Round: Investors: Variant
Protocol Information
Trade options, perps and spot on the most powerful self-custodial exchange.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Gross trading fees charged to users across Derive markets (makerFees + takerFees) from stats-api.derive.xyz/fees over the requested period.View code on GitHubRevenue: Equal to Fees (gross trading fees subtracting rebates).View code on GitHubHolders Revenue: Fees going to governance token holdersView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Frequently Asked Questions
What is Derive V2's TVL?
Derive V2 currently has $156.39m in total value locked. TVL has increased 39.4% over the past 30 days.
What chains does Derive V2 operate on?
Derive V2 operates on 7 chains: Ethereum, Base, OP Mainnet, Arbitrum, and Hyperliquid L1 and 2 others. Hyperliquid L1 holds the largest share at 34.3%.
How much has Derive V2 generated in fees and revenue?
Over the past 30 days, Derive V2 generated $146,854 in fees. Of that, $67,565 was protocol revenue. Based on the trailing year, the annualized rate is $2.16m in fees and $1.22m in revenue.
How does Derive V2's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Derive V2 ranks #4 by TVL. The category holds $2.03b across 419 protocols, and Derive V2 accounts for 7.7% of that total. Other leading protocols include Lynx, LogX V2, Aevo Perps, Contango V2, Vest Markets, RabbitX, Apex Omni, SYMMIO, ApeX Pro, and Wasabi Perps.
How much perpetual futures volume does Derive V2 process?
Derive V2 processed $432.64m in perpetual futures volume over the past 30 days.
