Total Value Locked$161.49m
TVL by Chain
Hyperliquid L1$50.04m
Base$40.1m
OP Mainnet$30.2m
Ethereum$20.64m
Arbitrum$20.52m
Blast$0
Mode$0
Key Metrics
Fees 30d$166,333
Fees 30d by chain
Derive Chain$166,333
Fees 7d$24,398
Derive Chain$24,398
Fees 24h$2,399
Derive Chain$2,399
Cumulative Fees$7.52m
Derive Chain$7.52m
Revenue 30d$78,228
Revenue 30d by chain
Derive Chain$78,228
Revenue 7d$10,803
Derive Chain$10,803
Revenue 24h$1,092
Derive Chain$1,092
Cumulative Revenue$880,727
Derive Chain$880,727
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$721.15m
Perp Volume 30d by chain
Derive Chain$721.15m
Perp Volume 7d$145.71m
Derive Chain$145.71m
Perp Volume 24h$13.84m
Derive Chain$13.84m
Cumulative Perp Volume$14.739b
Derive Chain$14.739b
$109.78m
Total RaisedUndisclosed
Feb 2, 2026Round: Investors: Variant
Protocol Information
Trade options, perps and spot on the most powerful self-custodial exchange.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Gross trading fees charged to users across Derive markets (makerFees + takerFees) from stats-api.derive.xyz/fees over the requested period.View code on GitHubRevenue: Equal to Fees (gross trading fees subtracting rebates).View code on GitHubHolders Revenue: Fees going to governance token holdersView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Frequently Asked Questions
What is Derive V2's TVL?
Derive V2 currently has $161.49m in total value locked. TVL has increased 36.2% over the past 30 days.
What chains does Derive V2 operate on?
Derive V2 operates on 7 chains: Ethereum, Hyperliquid L1, Base, Arbitrum, and OP Mainnet and 2 others. Hyperliquid L1 holds the largest share at 31%.
How much has Derive V2 generated in fees and revenue?
Over the past 30 days, Derive V2 generated $166,333 in fees. Of that, $78,228 was protocol revenue. Based on the trailing year, the annualized rate is $2.18m in fees and $1.18m in revenue.
How does Derive V2's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Derive V2 ranks #4 by TVL. The category holds $2.081b across 424 protocols, and Derive V2 accounts for 7.8% of that total. Other leading protocols include Lynx, LogX V2, Aevo Perps, Contango V2, Vest Markets, RabbitX, Apex Omni, SYMMIO, ApeX Pro, and Wasabi Perps.
How much perpetual futures volume does Derive V2 process?
Derive V2 processed $721.15m in perpetual futures volume over the past 30 days.