Total Value Locked$114.46m
TVL by Chain
Hyperliquid L1$30.72m
Arbitrum$23.17m
OP Mainnet$22.59m
Base$21.64m
Ethereum$16.35m
Mode$0
Blast$0
Key Metrics
Fees (Annualized)$2.14m
Fees 30d$110,058
Derive Chain$110,058
Fees 7d$28,634
Derive Chain$28,634
Fees 24h$1,535
Derive Chain$1,535
Cumulative Fees$7.31m
Derive Chain$7.31m
Revenue (Annualized)$1.25m
Revenue 30d$49,317
Derive Chain$49,317
Revenue 7d$12,035
Derive Chain$12,035
Revenue 24h$630
Derive Chain$630
Cumulative Revenue$786,265
Derive Chain$786,265
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$313.7m
Perp Volume 30d by chain
Derive Chain$313.7m
Perp Volume 7d$86.7m
Derive Chain$86.7m
Perp Volume 24h$5.25m
Derive Chain$5.25m
Cumulative Perp Volume$13.904b
Derive Chain$13.904b
$106.92m
$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.
Category:Derivatives
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?
Trade options, perps and spot on the most powerful self-custodial exchange.
What is Derive V2's TVL?
Derive V2 currently has $114.46m in total value locked. TVL has increased 1.2% over the past 30 days.
What chains does Derive V2 operate on?
Derive V2 operates on 7 chains: Base, Ethereum, Arbitrum, Hyperliquid L1, and OP Mainnet and 2 others. Hyperliquid L1 holds the largest share at 26.8%.
How much has Derive V2 generated in fees and revenue?
Over the past 30 days, Derive V2 generated $110,058 in fees. Of that, $49,317 was protocol revenue. Based on the trailing year, the annualized rate is $2.14m in fees and $1.25m in revenue.
How much perpetual futures volume does Derive V2 process?
Derive V2 processed $313.7m in perpetual futures volume over the past 30 days.
