Logo of Derive V2Derive V2(DRV)
Total Value Locked$119.34m

TVL by Chain

Hyperliquid L1$39.33m

Arbitrum$24.64m

OP Mainnet$20.96m

Base$19.14m

Ethereum$15.28m

Blast$0

Mode$0

Key Metrics

Fees (Annualized)$4.25m
Fees 30d$348,658

Derive Chain$348,658

Fees 7d$87,520

Derive Chain$87,520

Fees 24h$15,233

Derive Chain$15,233

Cumulative Fees$6.97m

Derive Chain$6.97m

Revenue (Annualized)$2.46m
Revenue 30d$201,829

Derive Chain$201,829

Revenue 7d$49,799

Derive Chain$49,799

Revenue 24h$8,725

Derive Chain$8,725

Cumulative Revenue$600,094

Derive Chain$600,094

Holders Revenue (Annualized)$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$869.44m
Perp Volume 30d by chain

Derive Chain$869.44m

Perp Volume 7d$218.57m

Derive Chain$218.57m

Perp Volume 24h$30m

Derive Chain$30m

Cumulative Perp Volume$13.028b

Derive Chain$13.028b

Open Interest$51.48m

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 ($252,146)LogX V2 ($41.7)Aevo Perps ($15.88m)Contango V2 ($6.96m)Vest Markets ($1.49m)Hyperliquid HLP ($348.47m)GMX V2 Perps ($174.67m)Extended ($147.27m)Ostium ($53.26m)Avantis ($40.02m)