Total Value Locked$158.05m
TVL by Chain
Hyperliquid L1$51.87m
Base$38.46m
OP Mainnet$29.18m
Ethereum$19.44m
Arbitrum$19.11m
Mode$0
Blast$0
Key Metrics
Fees 30d$551,642
Fees 30d by chain
Derive Chain$551,642
Fees 7d$88,871
Derive Chain$88,871
Fees 24h$10,977
Derive Chain$10,977
Cumulative Fees$14.64m
Derive Chain$12.84m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue 30d$433,013
Revenue 30d by chain
Derive Chain$433,013
Revenue 7d$64,584
Derive Chain$64,584
Revenue 24h$8,453
Derive Chain$8,453
Cumulative Revenue$5.53m
Derive Chain$5.53m
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$657.57m
Perp Volume 30d by chain
Derive Chain$657.57m
Perp Volume 7d$211.51m
Derive Chain$211.51m
Perp Volume 24h$22.61m
Derive Chain$22.61m
Cumulative Perp Volume$14.616b
Derive Chain$14.616b
Options Premium Volume 30d$68.94m
$13.4m
$3.66m
$604.14m
Options Notional Volume 30d$2.252b
$499.7m
$113.84m
$22.49b
$123.65m
Market Cap$162.19m
$DRV Price$0.16
$243.36m
$DRV Volume 24h$5.72m
CEX Volume$2.34m
DEX Volume$3.48m(60.78% of total)
Staked$0(0% of mcap)
Treasury$81.77m
$79,671.72
Stablecoins$1.88m
Own Tokens$79.8m
Others$3,634.46
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 $158.05m in total value locked. TVL has increased 34.5% 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 32.8%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $551,642 in fees. Of that, $433,013 was protocol revenue. Based on the trailing year, the annualized rate is $5.5m in fees and $3.76m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.16. Its circulating market capitalization is $162.19m, ranking it #286. Its fully diluted valuation is $243.36m. Supply currently stands at 999.71m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is up 16% over the past 7 days and up 68.8% over the past 30 days. Its all-time high is $0.23, reached on Jan 14, 2025. The token is currently 29% 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 $657.57m in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $81.77m. Its holdings include $1.88m in stablecoins, $79,671.72 in major assets, $79.8m in its own tokens, $3,634.46 in other assets.