Overview
Derive(DRV)
Token Price$0.096
24h Change+8.44%
All Time HighJan 15, 2025$0.23
All Time LowApr 7, 2025$0.012
Key Metrics
Market Cap$95.82m
Fully Diluted Valuation$143.76m
Circ. Supply999.8m DRV
Max Supply1.5b DRV
Volume 24h$371,373
CEX Volume$203,035
DEX Volume$186,946
Treasury$50.3m
Majors$59,223
Stablecoins$2.71m
Own Tokens$47.53m
Others$398.01
Income Statement for Derive
| Q2 2026* | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $1.47M | $1.28M | $934.76K | $940.17K | $777.98K | $2.40M | $1.63M | $676.98K | $722.34K | $451.32K | $69.94K | $144.04K | $347.03K | $438.30K | $509.76K | $291.06K | $5.29K |
Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Gross Profit | $1.10M | $868.23K | $459.92K | $419.43K | $347.55K | $915.78K | $210.08K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Earnings | $1.10M | $868.23K | $459.92K | $419.43K | $347.55K | $915.78K | $210.08K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Token Holder Net Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Markets
Token Rights and Value Accrual
Updated Mar 15, 2026Overview
- Token(s)
- DRVstDRV
- Token Type
- GovernanceUtility
- Utility
- Staking, Fee Discounts
DRV is the governance and coordination mechanism for the Derive ecosystem. Governance, contributor compensation and value accrual all flow through DRV. DRV stakers get discounted fees on spot, perps and options trades based on their staked balance.
Governance Rights
ControlDRV holders own the governance, the economics, and the upside of the protocol. The Derive Foundation (Cayman Islands) represents the DAO, implements governance decisions, manages treasury operations, and enters into legal agreements on behalf of DRV holders. The protocol's revenue belongs to its governance.
Governance Decisions
DRV must be staked to obtain governance powers proportional to staking balances. Stakers can choose to delegate proposal rights or voting rights.
Treasury Decisions
stDRV holders oversee treasury allocations.
Revenue Decisions
All fee parameters are controlled by DRV stakers through tokenholder votes. Protocol fee revenue is allocated by governance
Fee Switch
ON25% of net fees go to DRV Buybacks. 75% of net fees go to an onchain insurance fund.
Primary Value Accrual
BuybacksValue accrues to DRV through buybacks
Equity Statement
Derive is, and always has been, structured around a single asset: DRV. There is no equity layer or outside investors extracting protocol value. There are no competing incentive structures. DRV is the only governance and coordination mechanism in the ecosystem. Governance, contributor compensation, and value accrual all flow through DRV and have since day one.
Economic Rights
Value CaptureDRV stakers (stDRV) get discounted fees on trades, and receive weekly rewards from DAO emissions.
Buybacks
25% of Derive protocol fees are allocated to DRV token buybacks. Buybacks are executed once a month.
Dividends
N/ANo dividend or revenue distribution is currently active
Burns
N/ANo burn mechanism is currently active
Ownership
- Fundraising
- Token Sale
- Equity Revenue Capture
- No
- Associated Entities
- DAOLabsFoundation
- IP & Brand
- Foundation
- Domain
- Foundation
Token Usage
An is required to view token usage.
Yields
Tracking 5 pools, average APY 24.71%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWETH-DRVCL200 - 0.8% | $366,576 | 70.65% | 132% | ||||||
| open in new tabWETH-DRV | $237,825 | 19.43% | 8.70% | ||||||
| open in new tabUSDC-DRV0.49% | $78,157 | 4.96% | 4.96% | 19.26% | |||||
| open in new tabDRV-USDBC1.00% | $66,529 | 0% | 0% | 0% | |||||
| open in new tabWETH-DRVCL200 - 0.8% | $50,314 | 3.79% | 3.79% | 3.91% |