Total Value Locked$153.31m
TVL by Chain
Hyperliquid L1$51.97m
Base$33.47m
OP Mainnet$27.91m
Arbitrum$20.53m
Ethereum$19.42m
Blast$0
Mode$0
Key Metrics
Fees (Annualized)$5.35m
Fees 30d$449,616
Derive Chain$449,616
Fees 7d$173,037
Derive Chain$173,037
Fees 24h$60,263
Derive Chain$60,263
Cumulative Fees$14.32m
Derive Chain$12.52m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue (Annualized)$3.59m
Revenue 30d$346,141
Derive Chain$346,141
Revenue 7d$134,979
Derive Chain$134,979
Revenue 24h$47,316
Derive Chain$47,316
Cumulative Revenue$5.28m
Derive Chain$5.28m
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$411.18m
Perp Volume 30d by chain
Derive Chain$411.18m
Perp Volume 7d$183.05m
Derive Chain$183.05m
Perp Volume 24h$68.09m
Derive Chain$68.09m
Cumulative Perp Volume$14.201b
Derive Chain$14.201b
Options Premium Volume 30d$40.81m
$24.25m
$14.63m
$562.73m
Options Notional Volume 30d$1.45b
$664.32m
$325.32m
$21.062b
$175.29m
Market Cap$112.21m
$DRV Price$0.11
$168.37m
$DRV Volume 24h$5.82m
CEX Volume$2.76m
DEX Volume$3.27m(56.16% of total)
Staked$0(0% of mcap)
$DRV Liquidity$583,553
Aerodrome Slipstream$249,991
Aerodrome V1$232,019
Balancer V3$101,543
Treasury$59.82m
$76,841.92
Stablecoins$1.36m
Own Tokens$58.37m
Others$2,628.83
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.
- 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?
Trade options & perps. Earn yield with restaking derivatives.
What is Derive's TVL?
Derive currently has $153.31m in total value locked. TVL has increased 34.3% 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 33.9%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $449,616 in fees. Of that, $346,141 was protocol revenue. Based on the trailing year, the annualized rate is $5.35m in fees and $3.59m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.11. Its circulating market capitalization is $112.21m, ranking it #346. Its fully diluted valuation is $168.37m. Supply currently stands at 999.72m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is up 21.3% over the past 7 days and down 4.9% over the past 30 days. Its all-time high is $0.23, reached on Jan 14, 2025. The token is currently 50.8% 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 $411.18m in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $59.82m. Its holdings include $1.36m in stablecoins, $76,841.92 in major assets, $58.37m in its own tokens, $2,628.83 in other assets.
