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Derive(DRV)
Total Value Locked$198.44m
TVL by Chain
Base$55.93m
Hyperliquid L1$54.03m
Ethereum$36.13m
OP Mainnet$32.64m
Arbitrum$19.71m
Blast$0
Mode$0
Key Metrics
Fees 30d$684,750
Fees 30d by chain
Derive Chain$684,750
Fees 7d$146,114
Derive Chain$146,114
Fees 24h$9,720
Derive Chain$9,720
Cumulative Fees$15.29m
Derive Chain$13.49m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue 30d$545,402
Revenue 30d by chain
Derive Chain$545,402
Revenue 7d$113,447
Derive Chain$113,447
Revenue 24h$7,742
Derive Chain$7,742
Cumulative Revenue$6.05m
Derive Chain$6.05m
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$1.117b
Perp Volume 30d by chain
Derive Chain$1.117b
Perp Volume 7d$264.47m
Derive Chain$264.47m
Perp Volume 24h$15.36m
Derive Chain$15.36m
Cumulative Perp Volume$15.669b
Derive Chain$15.669b
Options Premium Volume 30d$78.35m
$14.6m
$425,579
$676.34m
Options Notional Volume 30d$4.427b
$1.023b
$38.74m
$26.623b
$88.48m
$2.24b
Market Cap$392.38m
$DRV Price$0.39
$588.78m
$DRV Volume 24h$10.37m
CEX Volume$6.15m
DEX Volume$4.6m(44.33% of total)
Staked$0(0% of mcap)
Treasury$194.74m
$72,876
Stablecoins$9.98m
Own Tokens$184.69m
Others$4,737
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.
- Derive V2Derivatives
- Derive V1Options
- Derive OptionsOptions
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
Frequently Asked Questions
What is Derive's TVL?
Derive currently has $198.44m in total value locked. TVL has increased 23.6% over the past 30 days.
What chains does Derive operate on?
Derive operates on 8 chains: Ethereum, Arbitrum, OP Mainnet, Base, and Hyperliquid L1 and 3 others. Base holds the largest share at 28.2%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $684,750 in fees. Of that, $545,402 was protocol revenue. Based on the trailing year, the annualized rate is $5.81m in fees and $4.13m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.40. Its circulating market capitalization is $395.4m, ranking it #183. Its fully diluted valuation is $593.31m. Supply currently stands at 999.65m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is up 2.8% over the past 7 days and up 119.9% over the past 30 days. Its all-time high is $0.51, reached on Sep 19, 2026. The token is currently 22.3% 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 $1.117b in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $194.74m. Its holdings include $9.98m in stablecoins, $72,876 in major assets, $184.69m in its own tokens, $4,737 in other assets.