Ask about Derive
Total Value Locked$161.62m
TVL by Chain
Hyperliquid L1$50.04m
Base$40.1m
OP Mainnet$30.22m
Ethereum$20.72m
Arbitrum$20.54m
Blast$0
Mode$0
Key Metrics
Fees 30d$588,599
Fees 30d by chain
Derive Chain$588,599
Fees 7d$110,783
Derive Chain$110,783
Fees 24h$21,894
Derive Chain$21,894
Cumulative Fees$14.74m
Derive Chain$12.94m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue 30d$472,709
Revenue 30d by chain
Derive Chain$472,709
Revenue 7d$92,123
Derive Chain$92,123
Revenue 24h$19,859
Derive Chain$19,859
Cumulative Revenue$5.61m
Derive Chain$5.61m
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
Options Premium Volume 30d$76.98m
$14.99m
$3.37m
$615.46m
Options Notional Volume 30d$2.702b
$723.16m
$148.28m
$23.1b
$105.72m
Market Cap$143.83m
$DRV Price$0.14
$215.81m
$DRV Volume 24h$4.3m
CEX Volume$1.23m
DEX Volume$3.07m(71.53% of total)
Staked$0(0% of mcap)
Treasury$74.39m
$81,283.87
Stablecoins$1.68m
Own Tokens$72.63m
Others$3,236.03
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 $161.62m in total value locked. TVL has increased 36.2% 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 31%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $588,599 in fees. Of that, $472,709 was protocol revenue. Based on the trailing year, the annualized rate is $5.55m in fees and $3.82m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.14. Its circulating market capitalization is $143.83m, ranking it #312. Its fully diluted valuation is $215.81m. Supply currently stands at 999.71m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is down 7.9% over the past 7 days and up 56.7% over the past 30 days. Its all-time high is $0.23, reached on Jan 14, 2025. The token is currently 37% 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 $721.15m in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $74.39m. Its holdings include $1.68m in stablecoins, $81,283.87 in major assets, $72.63m in its own tokens, $3,236.03 in other assets.