Derive V2(DRV)
View exchange statsTotal Value Locked$186.67m
TVL by Chain
Base$55.03m
Hyperliquid L1$50.82m
OP Mainnet$32.19m
Ethereum$29.4m
Arbitrum$19.22m
Mode$0
Blast$0
Key Metrics
Fees 30d$194,314
Fees 30d by chain
Derive Chain$194,314
Fees 7d$50,677
Derive Chain$50,677
Fees 24h$10,569
Derive Chain$10,569
Cumulative Fees$7.67m
Derive Chain$7.67m
Revenue 30d$86,515
Revenue 30d by chain
Derive Chain$86,515
Revenue 7d$23,438
Derive Chain$23,438
Revenue 24h$4,779
Derive Chain$4,779
Cumulative Revenue$948,403
Derive Chain$948,403
Holders Revenue 30d$0
Holders Revenue 30d by chain
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$1.159b
Perp Volume 30d by chain
Derive Chain$1.159b
Perp Volume 7d$291.26m
Derive Chain$291.26m
Perp Volume 24h$64.92m
Derive Chain$64.92m
Cumulative Perp Volume$15.628b
Derive Chain$15.628b
$86.43m
Total RaisedUndisclosed
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 $186.67m in total value locked. TVL has increased 19.5% over the past 30 days.
What chains does Derive V2 operate on?
Derive V2 operates on 8 chains: Base, Hyperliquid L1, OP Mainnet, Ethereum, and Arbitrum and 3 others. Base holds the largest share at 29.5%.
How much has Derive V2 generated in fees and revenue?
Over the past 30 days, Derive V2 generated $194,314 in fees. Of that, $86,515 was protocol revenue. Based on the trailing year, the annualized rate is $2.23m in fees and $1.19m in revenue.
How does Derive V2's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Derive V2 ranks #3 by TVL. The category holds $2.192b across 419 protocols, and Derive V2 accounts for 8.5% 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 $1.159b in perpetual futures volume over the past 30 days.