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Derive(DRV)

Total Value Locked$113.38m

TVL by Chain

Ethereum$112.9m

OP Mainnet$436,060

Arbitrum$26,420

Base$15,412

Hyperliquid L1$0

Blast$0

Mode$0

Key Metrics

Fees 30d$690,127
Fees 30d by chain

Derive Chain$620,847

Derive V3$69,280

Fees 7d$94,464

Derive V3$69,280

Derive Chain$25,184

Fees 24h$4,708

Derive V3$4,708

Cumulative Fees$15.38m

Derive Chain$13.51m

OP Mainnet$1.13m

Arbitrum$663,779

Derive V3$75,538

Revenue 30d$551,931
Revenue 30d by chain

Derive Chain$492,389

Derive V3$59,542

Revenue 7d$78,941

Derive V3$59,542

Derive Chain$19,399

Revenue 24h$3,757

Derive V3$3,757

Cumulative Revenue$6.13m

Derive Chain$6.06m

Derive V3$65,019

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$5.19m
DEX Volume 30d by chain

Derive Chain$4.61m

Derive V3$571,510

DEX Volume 7d$653,639

Derive V3$571,510

Derive Chain$82,129

DEX Volume 24h$63,953

Derive V3$63,953

Cumulative DEX Volume$19.33m

Derive Chain$18.73m

Derive V3$595,345

Perp Volume 30d$1.107b
Perp Volume 30d by chain

Derive Chain$1.045b

Derive V3$62.69m

Perp Volume 7d$130.33m

Derive Chain$67.63m

Derive V3$62.69m

Perp Volume 24h$6.24m

Derive V3$6.24m

Cumulative Perp Volume$15.777b

Derive Chain$15.709b

Derive V3$68.09m

Options Premium Volume 30d$82m

$14.11m

$255,334

$690.5m

Options Notional Volume 30d$4.279b

$470.84m

$22.89m

$27.113b

$77.96m

$1.56b

Market Cap$501.5m

$DRV Price$0.50

All Time High$0.57

All Time Low$0.012

View $DRV token page

$752.51m

$DRV Volume 24h$22.36m

CEX Volume$16.38m

DEX Volume$4.62m(20.68% of total)

Staked$0(0% of mcap)

Treasury$265.74m

$67,185

Stablecoins$10.02m

Own Tokens$255.64m

Others$7,261

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

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Protocol Information

Trade options & perps. Earn yield with restaking derivatives.

WebsiteGitHubX/Twitter
Categories:OptionsDerivativesDexs
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 $113.38m in total value locked. TVL has decreased 26.1% over the past 30 days.

What chains does Derive operate on?

Derive operates on 9 chains: Ethereum, Arbitrum, OP Mainnet, Base, and Hyperliquid L1 and 4 others. Ethereum holds the largest share at 99.6%.

How much has Derive generated in fees and revenue?

Over the past 30 days, Derive generated $690,127 in fees. Of that, $551,931 was protocol revenue. Based on the trailing year, the annualized rate is $5.83m in fees and $4.18m in revenue.

What is the DRV token price and valuation?

DRV is currently trading at $0.50. Its circulating market capitalization is $495.55m, ranking it #163. Its fully diluted valuation is $743.58m. Supply currently stands at 999.65m circulating, 1.5b total supply, 1.5b maximum supply.

How has DRV performed recently?

DRV is up 21.1% over the past 7 days and up 246.6% over the past 30 days. Its all-time high is $0.57, reached on Oct 9, 2026. The token is currently 12.9% below that level.

Which protocols are included in Derive?

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

How much trading volume does Derive process?

Derive processed $5.19m in DEX volume over the past 30 days.

Does Derive have a treasury?

Derive has a tracked treasury currently valued at $265.74m. Its holdings include $10.02m in stablecoins, $67,185 in major assets, $255.64m in its own tokens, $7,261 in other assets.