Total Value Locked$155.98m
TVL by Chain
Hyperliquid L1$49.1m
Base$38.54m
OP Mainnet$29.44m
Ethereum$19.64m
Arbitrum$19.27m
Blast$0
Mode$0
Key Metrics
Fees 30d$575,354
Fees 30d by chain
Derive Chain$575,354
Fees 7d$94,503
Derive Chain$94,503
Fees 24h$29,397
Derive Chain$29,397
Cumulative Fees$14.68m
Derive Chain$12.89m
OP Mainnet$1.13m
Arbitrum$663,779
Revenue 30d$456,073
Revenue 30d by chain
Derive Chain$456,073
Revenue 7d$75,013
Derive Chain$75,013
Revenue 24h$26,723
Derive Chain$26,723
Cumulative Revenue$5.57m
Derive Chain$5.57m
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
Options Premium Volume 30d$72.1m
$10.89m
$2.17m
$608.03m
Options Notional Volume 30d$2.482b
$631.64m
$223.38m
$22.775b
$109.37m
Market Cap$148.79m
$DRV Price$0.15
$223.25m
$DRV Volume 24h$6.74m
CEX Volume$2.56m
DEX Volume$4.13m(61.24% of total)
Staked$0(0% of mcap)
Treasury$74.65m
$81,215.57
Stablecoins$1.88m
Own Tokens$72.69m
Others$3,242.58
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 $155.98m in total value locked. TVL has increased 33.7% 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 31.5%.
How much has Derive generated in fees and revenue?
Over the past 30 days, Derive generated $575,354 in fees. Of that, $456,073 was protocol revenue. Based on the trailing year, the annualized rate is $5.53m in fees and $3.79m in revenue.
What is the DRV token price and valuation?
DRV is currently trading at $0.15. Its circulating market capitalization is $148.7m, ranking it #306. Its fully diluted valuation is $223.11m. Supply currently stands at 999.71m circulating, 1.5b total supply, 1.5b maximum supply.
How has DRV performed recently?
DRV is down 1.4% over the past 7 days and up 50.3% over the past 30 days. Its all-time high is $0.23, reached on Jan 14, 2025. The token is currently 34.8% 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 $693m in perpetual futures volume over the past 30 days.
Does Derive have a treasury?
Derive has a tracked treasury currently valued at $74.65m. Its holdings include $1.88m in stablecoins, $81,215.57 in major assets, $72.69m in its own tokens, $3,242.58 in other assets.