Total Value Locked$155.85m
TVL by Chain
Hyperliquid L1$49.1m
Base$38.54m
OP Mainnet$29.42m
Ethereum$19.55m
Arbitrum$19.25m
Blast$0
Mode$0
Key Metrics
Fees 30d$166,653
Fees 30d by chain
Derive Chain$166,653
Fees 7d$26,754
Derive Chain$26,754
Fees 24h$3,257
Derive Chain$3,257
Cumulative Fees$7.51m
Derive Chain$7.51m
Revenue 30d$78,150
Revenue 30d by chain
Derive Chain$78,150
Revenue 7d$11,177
Derive Chain$11,177
Revenue 24h$1,411
Derive Chain$1,411
Cumulative Revenue$876,093
Derive Chain$876,093
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$693m
Perp Volume 30d by chain
Derive Chain$693m
Perp Volume 7d$163.09m
Derive Chain$163.09m
Perp Volume 24h$18.99m
Derive Chain$18.99m
Cumulative Perp Volume$14.677b
Derive Chain$14.677b
$108.53m
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 $155.85m in total value locked. TVL has increased 33.7% over the past 30 days.
What chains does Derive V2 operate on?
Derive V2 operates on 7 chains: Ethereum, Base, Arbitrum, OP Mainnet, and Hyperliquid L1 and 2 others. Hyperliquid L1 holds the largest share at 31.5%.
How much has Derive V2 generated in fees and revenue?
Over the past 30 days, Derive V2 generated $166,653 in fees. Of that, $78,150 was protocol revenue. Based on the trailing year, the annualized rate is $2.18m in fees and $1.19m 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 $2.045b across 424 protocols, and Derive V2 accounts for 7.6% 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 $693m in perpetual futures volume over the past 30 days.