Total Value Locked$178.77m
TVL by Chain
Ethereum$178.77m
Key Metrics
Fees 30d$281,800
Fees 30d by chain
Derive V3$281,800
Fees 7d$73,423
Derive V3$73,423
Fees 24h$12,349
Derive V3$12,349
Cumulative Fees$281,800
Derive V3$281,800
Revenue 30d$260,205
Revenue 30d by chain
Derive V3$260,205
Revenue 7d$66,766
Derive V3$66,766
Revenue 24h$11,499
Derive V3$11,499
Cumulative Revenue$260,205
Derive V3$260,205
Holders Revenue 30d$162,573
Holders Revenue 30d by chain
Derive V3$162,573
Holders Revenue 7d$74,924
Derive V3$74,924
Holders Revenue 24h$10,545
Derive V3$10,545
Cumulative Holders Revenue$162,573
Derive V3$162,573
Options Premium Volume 30d$47.71m
Options Premium Volume 7d$9.94m
Options Premium Volume 24h$1.97m
Cumulative Options Premium Volume$47.71m
Options Notional Volume 30d$2.088b
Options Notional Volume 7d$439.04m
Options Notional Volume 24h$105.9m
Cumulative Options Notional Volume$2.088b
Options Open Interest$2.095b
Protocol Information
Options on Derive v3, a zkVM exchange settling on Ethereum.
Methodology
TVL: Sum of all supported collateral tokens held in the Derive v3 SPOT_VAULT contract on Ethereum. DRV (own token) is excluded.View code on GitHubFees: Trading fees and builder fees paid on Derive options trades.View code on GitHubRevenue: Trading fees minus maker rebates.View code on GitHubHolders Revenue: DRV bought back with a share of fees from all Derive markets (options, perps and spot), held by the Derive DAO treasury.View code on GitHubOptions Premium Volume: Sum of value paid buying and selling options on the exchangeView code on GitHubOptions Notional Volume: Sum of the notional value of all options that have been traded on the exchangeView code on GitHubCompetitors
Derive V3 Options history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 9, 2026 to Oct 28, 2026.
All-time high TVL: $184.79m on Oct 16, 2026. All-time low TVL: $104.69m on Oct 13, 2026.
Daily TVL, Oct 9, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Oct 9, 2026 | $111.43m |
| Oct 10, 2026 | $110.96m |
| Oct 11, 2026 | $112.11m |
| Oct 12, 2026 | $112.9m |
| Oct 13, 2026 | $104.69m |
| Oct 14, 2026 | $119.69m |
| Oct 15, 2026 | $140.59m |
| Oct 16, 2026 | $184.79m |
| Oct 17, 2026 | $183.9m |
| Oct 18, 2026 | $182.1m |
| Oct 19, 2026 | $184.04m |
| Oct 20, 2026 | $184.01m |
| Oct 21, 2026 | $181.68m |
| Oct 22, 2026 | $184.05m |
| Oct 23, 2026 | $178.79m |
| Oct 24, 2026 | $177.25m |
| Oct 25, 2026 | $177.14m |
| Oct 26, 2026 | $176.49m |
| Oct 27, 2026 | $177.76m |
| Oct 28, 2026 | $177.88m |
TVL at each month end, Oct 2026 to Oct 2026
| Date | TVL |
|---|---|
| Oct 28, 2026 (latest) | $177.88m |
Fees, revenue and holders revenue by UTC calendar month, Oct 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Oct 2026 (to date) | $294,149 | $271,704 | $173,118 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/derive-v3-options
Frequently asked questions
What is Derive V3 Options' TVL?
As of Oct 28, 2026, Derive V3 Options has $178.77m in total value locked.
What chains does Derive V3 Options operate on?
Derive V3 Options operates on 2 chains: Ethereum and Derive V3. Ethereum holds the largest share at 100%.
How much has Derive V3 Options generated in fees and revenue?
Over the past 30 days, Derive V3 Options generated $281,800 in fees. Of that, $260,205 was protocol revenue. Based on the trailing year, the annualized rate is $4.68m in fees and $4.32m in revenue.
How does Derive V3 Options' TVL compare to similar protocols?
Among Options protocols tracked by DefiLlama, Derive V3 Options ranks #1 by TVL. The category holds $207.35m across 74 protocols, and Derive V3 Options accounts for 86.2% of that total. Similar protocols include Hegic, Panoptic V2, Ribbon Earn, Opyn Gamma, SOFA.org, Opyn Convexity, Siren, Pods Finance, Cega V1, and FinNexus.