Logo of Derive V2Derive V2(DRV)
Total Value Locked$111.21m

TVL by Chain

Hyperliquid L1$40.35m

OP Mainnet$20.65m

Base$19.42m

Arbitrum$17.87m

Ethereum$12.92m

Blast$0

Mode$0

Key Metrics

Fees (Annualized)$2.11m
Fees 30d$289,070

Derive Chain$289,070

Fees 7d$39,414

Derive Chain$39,414

Fees 24h$6,167

Derive Chain$6,167

Cumulative Fees$7.14m

Derive Chain$7.14m

Revenue (Annualized)$1.34m
Revenue 30d$169,596

Derive Chain$169,596

Revenue 7d$25,364

Derive Chain$25,364

Revenue 24h$3,997

Derive Chain$3,997

Cumulative Revenue$698,518

Derive Chain$698,518

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$704.6m
Perp Volume 30d by chain

Derive Chain$704.6m

Perp Volume 7d$92.06m

Derive Chain$92.06m

Perp Volume 24h$14.17m

Derive Chain$14.17m

Cumulative Perp Volume$13.419b

Derive Chain$13.419b

Open Interest$48.94m

Total Raised$0

Feb 2, 2026Round: Investors: Variant

Protocol Information

Trade options, perps and spot on the most powerful self-custodial exchange.

CategoryDerivatives
WebsiteTwitter

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 GitHub

Competitors

Lynx ($238,504)LogX V2 ($41.71)Aevo Perps ($15.21m)Contango V2 ($6.16m)Vest Markets ($734,898)Hyperliquid HLP ($274.36m)GMX V2 Perps ($172.74m)Extended ($137.93m)Ostium ($55.74m)dYdX V3 ($38.56m)