Total Value Locked$156.71m
TVL by Chain
Hyperliquid L1$51.09m
Base$36.89m
OP Mainnet$28.1m
Arbitrum$21.2m
Ethereum$19.43m
Blast$0
Mode$0
Key Metrics
Fees 30d$541,940
Fees 30d by chain
Derive Chain$541,940
Fees 7d$90,852
Derive Chain$90,852
Fees 24h$18,145
Derive Chain$18,145
Cumulative Fees$14.56m
Derive Chain$12.77m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue 30d$427,708
Revenue 30d by chain
Derive Chain$427,708
Revenue 7d$71,930
Derive Chain$71,930
Revenue 24h$12,921
Derive Chain$12,921
Cumulative Revenue$5.48m
Derive Chain$5.48m
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$546.23m
Perp Volume 30d by chain
Derive Chain$546.23m
Perp Volume 7d$149.14m
Derive Chain$149.14m
Perp Volume 24h$45.22m
Derive Chain$45.22m
Cumulative Perp Volume$14.45b
Derive Chain$14.45b
Options Premium Volume 30d$62.37m
$16.08m
$3.96m
$594.7m
Options Notional Volume 30d$1.978b
$468.75m
$76.7m
$22.067b
$147.35m
Market Cap$143.06m
$DRV Price$0.14
$214.65m
$DRV Volume 24h$3.87m
CEX Volume$1.21m
DEX Volume$2.8m(72.32% of total)
Staked$0(0% of mcap)
$DRV Liquidity$583,553
Aerodrome Slipstream$249,991
Aerodrome V1$232,019
Balancer V3$101,543
Treasury$74.78m
$76,383.08
Stablecoins$1.62m
Own Tokens$73.08m
Others$2,844.4
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 $156.71m in total value locked. TVL has increased 38.7% 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 32.6%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $541,940 in fees. Of that, $427,708 was protocol revenue. Based on the trailing year, the annualized rate is $5.48m in fees and $3.74m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.14. Its circulating market capitalization is $142.86m, ranking it #300. Its fully diluted valuation is $214.36m. Supply currently stands at 999.71m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is down 12.8% over the past 7 days and up 47.6% over the past 30 days. Its all-time high is $0.23, reached on Jan 14, 2025. The token is currently 37.4% 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 $546.23m in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $74.78m. Its holdings include $1.62m in stablecoins, $76,383.08 in major assets, $73.08m in its own tokens, $2,844.4 in other assets.
