Ask about DeriveTotal Value Locked$113.06m
TVL by Chain
Hyperliquid L1$29.71m
Arbitrum$23.19m
OP Mainnet$22.4m
Base$21.28m
Ethereum$16.48m
Mode$0
Blast$0
Key Metrics
Fees (Annualized)$5.26m
Fees 30d$455,214
Derive Chain$455,214
Fees 7d$99,056
Derive Chain$99,056
Fees 24h$5,066
Derive Chain$5,066
Cumulative Fees$14.02m
Derive Chain$12.23m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue (Annualized)$3.45m
Revenue 30d$367,495
Derive Chain$367,495
Revenue 7d$76,294
Derive Chain$76,294
Revenue 24h$3,797
Derive Chain$3,797
Cumulative Revenue$5.05m
Derive Chain$5.05m
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
Options Premium Volume 30d$31.6m
$6.45m
$79,259
$532.33m
Options Notional Volume 30d$1.472b
$295.82m
$10.41m
$20.089b
$102.48m
Market Cap$94.49m
$DRV Price$0.095
$141.77m
$DRV Volume 24h$1.35m
CEX Volume$1.12m
DEX Volume$254,558.3(18.8% of total)
Staked$0(0% of mcap)
$DRV Liquidity$583,553
Aerodrome Slipstream$249,991
Aerodrome V1$232,019
Balancer V3$101,543
Treasury$51.56m
$51,455.29
Stablecoins$2.26m
Own Tokens$49.25m
Others$498.78
Total Raised
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: Strategic Investors: Framework Ventures, GSR
Feb 2, 2026Round: Investors: Variant
Protocol Information
Trade options & perps. Earn yield with restaking derivatives.
Category:Derivatives
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
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
Competitors
Frequently Asked Questions
What is Derive?
Trade options & perps. Earn yield with restaking derivatives.
What is Derive's TVL?
Derive currently has $113.06m in total value locked. TVL has decreased 1.1% over the past 30 days.
What chains does Derive operate on?
Derive operates on 8 chains: Ethereum, Arbitrum, OP Mainnet, Hyperliquid L1, and Base and 3 others. Hyperliquid L1 holds the largest share at 26.3%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $455,214 in fees. Of that, $367,495 was protocol revenue. Based on the trailing year, the annualized rate is $5.26m in fees and $3.45m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.095. Its circulating market capitalization is $94.55m, ranking it #364. Its fully diluted valuation is $141.86m. Supply currently stands at 999.74m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is down 13.7% over the past 7 days and down 13.4% over the past 30 days. Its all-time high is $0.23, reached on Jan 15, 2025. The token is currently 58.6% below that level.
Which protocols are included in Derive?
Derive is a parent protocol whose tracked products include Derive V2, Derive V1, and Derive Options.
How much perpetual futures volume does Derive process?
Derive processed $313.7m in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $51.56m. Its holdings include $2.26m in stablecoins, $51,455.29 in major assets, $49.25m in its own tokens, $498.78 in other assets.
