Ask about Derive
Total Value Locked$156.94m
TVL by Chain
Hyperliquid L1$49.12m
Base$38.93m
OP Mainnet$29.52m
Arbitrum$19.9m
Ethereum$19.48m
Mode$0
Blast$0
Key Metrics
Fees 30d$587,292
Fees 30d by chain
Derive Chain$587,292
Fees 7d$102,228
Derive Chain$102,228
Fees 24h$22,861
Derive Chain$22,861
Cumulative Fees$14.71m
Derive Chain$12.91m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue 30d$466,114
Revenue 30d by chain
Derive Chain$466,114
Revenue 7d$82,075
Derive Chain$82,075
Revenue 24h$17,405
Derive Chain$17,405
Cumulative Revenue$5.59m
Derive Chain$5.59m
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$721.41m
Perp Volume 30d by chain
Derive Chain$721.41m
Perp Volume 7d$164.53m
Derive Chain$164.53m
Perp Volume 24h$40.13m
Derive Chain$40.13m
Cumulative Perp Volume$14.717b
Derive Chain$14.717b
Options Premium Volume 30d$74.64m
$13.31m
$3.28m
$611.3m
Options Notional Volume 30d$2.594b
$727.6m
$147.96m
$22.923b
$106.29m
Market Cap$149.59m
$DRV Price$0.15
$224.45m
$DRV Volume 24h$3.96m
CEX Volume$1.07m
DEX Volume$2.82m(71.35% of total)
Staked$0(0% of mcap)
Treasury$76.2m
$80,903.4
Stablecoins$1.88m
Own Tokens$74.24m
Others$3,209.53
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 $156.94m in total value locked. TVL has increased 33.7% 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 31.3%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $587,292 in fees. Of that, $466,114 was protocol revenue. Based on the trailing year, the annualized rate is $5.54m in fees and $3.81m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.15. Its circulating market capitalization is $149.59m, ranking it #304. Its fully diluted valuation is $224.45m. Supply currently stands at 999.71m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is down 19.6% over the past 7 days and up 57% over the past 30 days. Its all-time high is $0.23, reached on Jan 14, 2025. The token is currently 34.4% 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 $721.41m in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $76.2m. Its holdings include $1.88m in stablecoins, $80,903.4 in major assets, $74.24m in its own tokens, $3,209.53 in other assets.