Total Value Locked$177.57m
TVL by Chain
Ethereum$177.57m
Key Metrics
Fees 30d$274,226
Fees 30d by chain
Derive V3$274,226
Fees 7d$86,439
Derive V3$86,439
Fees 24h$8,313
Derive V3$8,313
Cumulative Fees$274,226
Derive V3$274,226
Revenue 30d$253,499
Revenue 30d by chain
Derive V3$253,499
Revenue 7d$79,547
Derive V3$79,547
Revenue 24h$7,851
Derive V3$7,851
Cumulative Revenue$253,499
Derive V3$253,499
Holders Revenue 30d$107,553
Holders Revenue 30d by chain
Derive V3$107,553
Holders Revenue 7d$25,141
Derive V3$25,141
Holders Revenue 24h$42,220
Derive V3$42,220
Cumulative Holders Revenue$107,553
Derive V3$107,553
Options Premium Volume 30d$46.52m
Options Premium Volume 7d$11.76m
Options Premium Volume 24h$1.08m
Cumulative Options Premium Volume$46.52m
Options Notional Volume 30d$2.04b
Options Notional Volume 7d$615.72m
Options Notional Volume 24h$49.5m
Cumulative Options Notional Volume$2.04b
Options Open Interest$2.015b
Protocol Information
Options on Derive v3, a zkVM exchange settling on Ethereum.
Methodology
TVL: Sum of all supported collateral tokens held in the Derive v3 SPOT_VAULT contract on Ethereum. DRV (own token) is excluded.View code on GitHubFees: Trading fees and builder fees paid on Derive options trades.View code on GitHubRevenue: Trading fees minus maker rebates.View code on GitHubHolders Revenue: DRV bought back with a share of fees from all Derive markets (options, perps and spot), held by the Derive DAO treasury.View code on GitHubOptions Premium Volume: Sum of value paid buying and selling options on the exchangeView code on GitHubOptions Notional Volume: Sum of the notional value of all options that have been traded on the exchangeView code on GitHubCompetitors
Derive V3 Options history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 9, 2026 to Oct 27, 2026.
All-time high TVL: $184.79m on Oct 16, 2026. All-time low TVL: $104.69m on Oct 13, 2026.
Daily TVL, Oct 9, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Oct 9, 2026 | $111.43m |
| Oct 10, 2026 | $110.96m |
| Oct 11, 2026 | $112.11m |
| Oct 12, 2026 | $112.9m |
| Oct 13, 2026 | $104.69m |
| Oct 14, 2026 | $119.69m |
| Oct 15, 2026 | $140.59m |
| Oct 16, 2026 | $184.79m |
| Oct 17, 2026 | $183.9m |
| Oct 18, 2026 | $182.1m |
| Oct 19, 2026 | $184.04m |
| Oct 20, 2026 | $184.01m |
| Oct 21, 2026 | $181.68m |
| Oct 22, 2026 | $184.05m |
| Oct 23, 2026 | $178.79m |
| Oct 24, 2026 | $177.25m |
| Oct 25, 2026 | $177.14m |
| Oct 26, 2026 | $176.49m |
| Oct 27, 2026 | $177.76m |
TVL at each month end, Oct 2026 to Oct 2026
| Date | TVL |
|---|---|
| Oct 27, 2026 (latest) | $177.76m |
Fees, revenue and holders revenue by UTC calendar month, Oct 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Oct 2026 (to date) | $282,539 | $261,350 | $149,773 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/derive-v3-options
Frequently asked questions
What is Derive V3 Options' TVL?
As of Oct 27, 2026, Derive V3 Options has $177.57m in total value locked.
What chains does Derive V3 Options operate on?
Derive V3 Options operates on 2 chains: Ethereum and Derive V3. Ethereum holds the largest share at 100%.
How much has Derive V3 Options generated in fees and revenue?
Over the past 30 days, Derive V3 Options generated $274,226 in fees. Of that, $253,499 was protocol revenue. Based on the trailing year, the annualized rate is $4.77m in fees and $4.41m in revenue.
How does Derive V3 Options' TVL compare to similar protocols?
Among Options protocols tracked by DefiLlama, Derive V3 Options ranks #1 by TVL. The category holds $206.02m across 73 protocols, and Derive V3 Options accounts for 86.2% of that total. Similar protocols include Hegic, Panoptic V2, Ribbon Earn, Opyn Gamma, SOFA.org, Opyn Convexity, Siren, Pods Finance, Cega V1, and FinNexus.