Ask about Derive V2
Logo of Derive V2Derive V2(DRV)
Total Value Locked$120.95m

TVL by Chain

Hyperliquid L1$33.95m

Arbitrum$27.57m

OP Mainnet$26.4m

Base$17.02m

Ethereum$16m

Blast$0

Mode$0

Key Metrics

Fees (Annualized)$3.21m
Fees 30d$263,053

Derive Chain$263,053

Fees 7d$59,759

Derive Chain$59,759

Fees 24h$5,465

Derive Chain$5,465

Cumulative Fees$6.74m

Derive Chain$6.74m

Revenue (Annualized)$1.67m
Revenue 30d$136,629

Derive Chain$136,629

Revenue 7d$35,408

Derive Chain$35,408

Revenue 24h$3,150

Derive Chain$3,150

Cumulative Revenue$464,707

Derive Chain$464,707

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$693.33m
Perp Volume 30d by chain

Derive Chain$693.33m

Perp Volume 7d$119.6m

Derive Chain$119.6m

Perp Volume 24h$19.71m

Derive Chain$19.71m

Cumulative Perp Volume$12.423b

Derive Chain$12.423b

Open Interest$50.29m

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

LogX V2 ($41.72)Aevo Perps ($16.29m)Contango V2 ($11.32m)Toros ($9.68m)Vest Markets ($1.76m)Hyperliquid HLP ($389.44m)GMX V2 Perps ($206.64m)Extended ($153.63m)Ostium ($49m)Avantis ($46.42m)