Derive V2(DRV)
View exchange statsTotal Value Locked$481,856
TVL by Chain
OP Mainnet$400,498
Ethereum$65,935
Base$15,413
Arbitrum$9.42
Hyperliquid L1$0.00001
Blast$0
Mode$0
Key Metrics
Fees 30d$177,277
Fees 30d by chain
Derive Chain$177,277
Fees 7d$20,532
Derive Chain$20,532
Cumulative Fees$7.68m
Derive Chain$7.68m
Revenue 30d$79,491
Revenue 30d by chain
Derive Chain$79,491
Revenue 7d$9,488
Derive Chain$9,488
Cumulative Revenue$953,112
Derive Chain$953,112
Holders Revenue 30d$0
Holders Revenue 30d by chain
Derive Chain$0
Holders Revenue 7d$0
Derive Chain$0
Cumulative Holders Revenue$0
Derive Chain$0
Perp Volume 30d$1.078b
Perp Volume 30d by chain
Derive Chain$1.078b
Perp Volume 7d$145.08m
Derive Chain$145.08m
Perp Volume 24h$0
Derive Chain$0
Cumulative Perp Volume$15.721b
Derive Chain$15.721b
$84.63m
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 $481,856 in total value locked. TVL has decreased 99.7% over the past 30 days.
What chains does Derive V2 operate on?
Derive V2 operates on 8 chains: OP Mainnet, Ethereum, Base, Arbitrum, and Hyperliquid L1 and 3 others. OP Mainnet holds the largest share at 83.1%.
How much has Derive V2 generated in fees and revenue?
Over the past 30 days, Derive V2 generated $177,277 in fees. Of that, $79,491 was protocol revenue. Based on the trailing year, the annualized rate is $2.23m in fees and $1.18m in revenue.
How does Derive V2's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Derive V2 ranks #67 by TVL. The category holds $2.002b across 420 protocols, and Derive V2 accounts for <0.1% 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 $1.078b in perpetual futures volume over the past 30 days.