Logo of Derive V2Derive V2(DRV)
Total Value Locked$112.36m

TVL by Chain

Hyperliquid L1$37m

OP Mainnet$22.15m

Arbitrum$20.97m

Base$20.6m

Ethereum$11.65m

Blast$0

Mode$0

Key Metrics

Fees (Annualized)$2.16m
Fees 30d$159,041

Derive Chain$159,041

Fees 7d$24,485

Derive Chain$24,485

Fees 24h$3,217

Derive Chain$3,217

Cumulative Fees$7.24m

Derive Chain$7.24m

Revenue (Annualized)$1.31m
Revenue 30d$90,036

Derive Chain$90,036

Revenue 7d$10,938

Derive Chain$10,938

Revenue 24h$1,399

Derive Chain$1,399

Cumulative Revenue$754,666

Derive Chain$754,666

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$408.69m
Perp Volume 30d by chain

Derive Chain$408.69m

Perp Volume 7d$63.35m

Derive Chain$63.35m

Perp Volume 24h$12.95m

Derive Chain$12.95m

Cumulative Perp Volume$13.699b

Derive Chain$13.699b

Open Interest$70.62m

Total Raised$0

Feb 2, 2026Round: Investors: Variant

Protocol Information

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

Category:Derivatives

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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 ($189,091)LogX V2 ($41.62)Aevo Perps ($15.15m)Contango V2 ($6.16m)Vest Markets ($590,778)Hyperliquid HLP ($255.27m)GMX V2 Perps ($176.98m)Extended Perps ($132.76m)Ostium ($62.84m)dYdX V3 ($37.8m)