Derive (DRV)
Derive is a decentralized derivatives protocol focused on bringing options, perpetual futures, and structured products fully onchain. The project operates on Derive Chain, an Ethereum layer-2 rollup built with the OP Stack, which gives the protocol its own execution environment while remaining connected to the wider Ethereum ecosystem. Its smart contracts are permissionless, allowing traders and builders to interact with programmable derivatives infrastructure without relying on a centralized venue.
The protocol is designed for markets that require more flexibility than simple spot trading. On Derive, users can access instruments such as onchain options and perps, while developers can build products that package derivatives strategies into structured positions. This makes the project part of the broader DeFi push to recreate sophisticated trading and risk-management tools in a transparent, self-custodial format.
DRV is the governance token of the Derive ecosystem. Token holders participate in the Derive DAO, which oversees protocol and chain-level decisions. The DAO’s economics are linked to activity on the trading protocol and the rollup, including trading-related fees and gas fees, while an insurance fund is used to strengthen resilience around market activity and settlement.
Derive also targets professional traders through Derive Pro, an AI-assisted trading application developed with Messari. The app is intended to convert market views into executable trades, prepare transactions, and use smart contract wallets to simplify execution. Its planned scope includes spot, perpetuals, and options on Derive, along with connectivity to spot AMMs on layer-2 networks such as Optimism, Arbitrum, and Base.
Last updated
- Market Cap
- $114M
- Fully Diluted Valuation
- $171M
- 24 Hour Trading Vol
- $1.5M
- Circulating Supply
- 1000M
- Total Supply
- 1.5B
- Max Supply
- 1.5B
Coinbase lists Derive token (DRV) for trading on platform
Coinbase will launch spot trading pairs for MetaDAO and Derive.
Coinbase to List MetaDAO (META) and Derive (DRV)
Coinbase to Add MetaDAO (META) and Derive (DRV) to Asset Listing Roadmap
Coinbase adds MetaDAO (META) and Derive (DRV) to its listing roadmap
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Bitcoin (BTC) on a Knife Edge! Options Bulls Are Now Waiting for This Level!
Analyst: Bitcoin Options Long-Short Setup Diverges, Funding Flows Indicate Cautious Sentiment
Bitcoin Traders Bet on Sub-$80K New Year: Derive
Трейдери Bitcoin роблять ставку на новий рік із ціною нижче $80 тис.: Derive
Derive Proposes DRV Token Supply Increase
Derive Co-founder Proposes 50% Increase in DRV Token Supply
Derive Proposes Stunning Boost to Coin Supply
Derive Co-founders propose to increase DRV token supply by 50%, with existing holders expected to have their equity diluted by 33%.
Ethereum Price Forecast: ETH could pick up pace in Q4 amid cool-off in risk-on sentiment
- Market Cap
- $113,924,738
- Fully Diluted Valuation
- $170,927,790
- 24 Hour Trading Vol
- $1,526,384
- 24h High
- $0.11983
- 24h Low
- $0.099008
- 24h Change
- +13.62%
- 7d Change
- +42.26%
- 30d Change
- +28.85%
- 1y Change
- +359.46%
- Market Cap Rank
- #248
- Market Cap Rank (rehypothecated)
- #335
- Circulating Supply
- 999,761,989
- Total Supply
- 1,500,000,000
- Max Supply
- 1,500,000,000
- All-time high
- $0.228265 (-49.97%) · 15 Jan 2025, 05:52
- All-time low
- $0.01243699 (+818.20%) · 07 Apr 2025, 15:31
- Website derive.xyz
- Whitepaper www.derive.xyz/files/v2-whitepaper.pdf
- Block explorer intel.arkm.com/explorer/token/derive
- Block explorer arbiscan.io/token/0x77b7787a09818502305C95d68A2571F090abb135
- X / Twitter twitter.com/derivexyz
- GitHub github.com/derivexyz