Ask about Derive

Logo of DeriveDerive(DRV)

Total Value Locked$25.58m

TVL by Chain

Hyperliquid L1$24.96m

OP Mainnet$420,571

Ethereum$155,768

Arbitrum$26,418

Base$15,412

Mode$0

Blast$0

Key Metrics

Fees 30d$712,328
Fees 30d by chain

Derive Chain$658,932

Derive V3$53,396

Fees 7d$127,667

Derive Chain$74,271

Derive V3$53,396

Fees 24h$29,053

Derive V3$29,053

Cumulative Fees$15.36m

Derive Chain$13.51m

OP Mainnet$1.13m

Arbitrum$663,779

Derive V3$53,396

Revenue 30d$573,353
Revenue 30d by chain

Derive Chain$525,931

Derive V3$47,422

Revenue 7d$106,617

Derive Chain$59,195

Derive V3$47,422

Revenue 24h$26,017

Derive V3$26,017

Cumulative Revenue$6.11m

Derive Chain$6.06m

Derive V3$47,422

Holders Revenue 30d$0
Holders Revenue 30d by chain

Derive Chain$0

Derive V3$0

Holders Revenue 7d$0

Derive Chain$0

Derive V3$0

Holders Revenue 24h$0

Derive V3$0

Cumulative Holders Revenue$0

Derive Chain$0

Derive V3$0

DEX Volume 30d$366,362
DEX Volume 30d by chain

Derive V3$366,362

DEX Volume 7d$366,362

Derive V3$366,362

DEX Volume 24h$179,250

Derive V3$179,250

Cumulative DEX Volume$366,362

Derive V3$366,362

Perp Volume 30d$1.114b
Perp Volume 30d by chain

Derive Chain$1.078b

Derive V3$36.32m

Perp Volume 7d$181.4m

Derive Chain$145.08m

Derive V3$36.32m

Perp Volume 24h$18.67m

Derive V3$18.67m

Cumulative Perp Volume$15.745b

Derive Chain$15.709b

Derive V3$36.32m

Options Premium Volume 30d$72.99m

$5.73m

$0

$677.63m

Options Notional Volume 30d$4.185b

$673.47m

$0

$26.703b

$165.77m

$2.154b

Market Cap$445.12m

$DRV Price$0.45

All Time High$0.51

All Time Low$0.012

View $DRV token page

$667.91m

$DRV Volume 24h$53.41m

CEX Volume$34.7m

DEX Volume$19.51m(36.52% of total)

Staked$0(0% of mcap)

Treasury$239.86m

$67,743

Stablecoins$9.97m

Own Tokens$229.82m

Others$4,276

Total Raised$6.3m

Jul 26, 2021$3.3mRound: SeedInvestors: AllianceDAO, Anthony Sassano, Anton Bukov, Apollo Capital, Divergence Ventures, Framework Ventures, Jinglan Wang, Jordan Momtazi, Kain Warwick, Orthogonal Trading, ParaFi Capital, Robot Ventures, Ryan Sean Adams, Stani Kulechov, Tyler Scott Ward

Nov 30, 2022$3mRound: StrategicInvestors: Framework Ventures, GSR

Feb 2, 2026Round: Investors: Variant

Protocol Information

Trade options & perps. Earn yield with restaking derivatives.

WebsiteGitHubX/Twitter
Categories:DerivativesOptionsDexs
Products:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Derive V1 - Fees paid by usersView code on GitHubDerive V2 - Gross trading fees charged to users across Derive markets (makerFees + takerFees) from stats-api.derive.xyz/fees over the requested period.View code on GitHubDerive Options - Gross trading fees charged to users across Derive markets (makerFees + takerFees) from stats-api.derive.xyz/fees over the requested period.View code on GitHubDerive V3 Perps - Trading fees and builder fees paid on Derive perpetual trades.View code on GitHubDerive V3 Options - Trading fees and builder fees paid on Derive options trades.View code on GitHubDerive V3 Spot - Trading fees and builder fees paid on Derive spot trades.View code on GitHubDerive V2 Spot - Trading fees and builder fees paid on Derive spot trades.View code on GitHub

Revenue:

Derive V1 - Treasury and token holders revenueView code on GitHubDerive V2 - Equal to Fees (gross trading fees subtracting rebates).View code on GitHubDerive Options - Equal to Fees (gross trading fees subtracting rebates).View code on GitHubDerive V3 Perps - Trading fees minus maker rebates.View code on GitHubDerive V3 Options - Trading fees minus maker rebates.View code on GitHubDerive V3 Spot - Trading fees minus maker rebates.View code on GitHubDerive V2 Spot - Trading fees minus maker rebates.View code on GitHub

Holders Revenue:

Derive V1 - Fees going to governance token holdersView code on GitHubDerive V2 - Fees going to governance token holdersView code on GitHubDerive Options - Fees going to governance token holdersView code on GitHubDerive V3 Perps - Fees going to governance token holdersView code on GitHubDerive V3 Options - Fees going to governance token holdersView code on GitHubDerive V3 Spot - Money going to governance token holdersView code on GitHubDerive V2 Spot - Money going to governance token holdersView code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Options Premium Volume: Sum of value paid buying and selling options on the exchange

Options Notional Volume: Sum of the notional value of all options that have been traded on the exchange

Frequently Asked Questions

What is Derive's TVL?

Derive currently has $25.58m in total value locked. TVL has decreased 83.9% over the past 30 days.

What chains does Derive operate on?

Derive operates on 9 chains: Ethereum, Arbitrum, OP Mainnet, Hyperliquid L1, and Base and 4 others. Hyperliquid L1 holds the largest share at 97.6%.

How much has Derive generated in fees and revenue?

Over the past 30 days, Derive generated $712,328 in fees. Of that, $573,353 was protocol revenue. Based on the trailing year, the annualized rate is $5.84m in fees and $4.18m in revenue.

What is the DRV token price and valuation?

DRV is currently trading at $0.44. Its circulating market capitalization is $440.2m, ranking it #174. Its fully diluted valuation is $660.53m. Supply currently stands at 999.65m circulating, 1.5b total supply, 1.5b maximum supply.

How has DRV performed recently?

DRV is up 13.6% over the past 7 days and up 171.6% over the past 30 days. Its all-time high is $0.51, reached on Sep 19, 2026. The token is currently 13.5% below that level.

Which protocols are included in Derive?

Derive is a parent protocol whose tracked products include Derive V2, Derive V1, Derive Options, Derive V3 Perps, and Derive V3 Options and 2 others.

How much trading volume does Derive process?

Derive processed $366,362 in DEX volume over the past 30 days.

Does Derive have a treasury?

Derive has a tracked treasury currently valued at $239.86m. Its holdings include $9.97m in stablecoins, $67,743 in major assets, $229.82m in its own tokens, $4,276 in other assets.