15% through historical range
655.89% above ATL and 83.50% below ATH
Showing 10 spot markets sorted by CoinMarketCap exchange rank. Markets excluded from CMC price or volume calculations are hidden.
| Pair | |||||
|---|---|---|---|---|---|
| 1 | DRV/USDT | $0.11 | $283.92K | 255 | |
| 2 | Aerodrome SlipStream | WETH/DRV | $1,968.16 | $71.08K | 246 |
| 3 | Aerodrome SlipStream | USDC/DRV | $1.00 | $26 | 8 |
| 4 | Uniswap v4 (Ethereum) | ETH/DRV | $1,970.10 | $35.61K | 158 |
| 5 | Uniswap v4 (Ethereum) | DRV/USDT | $0.11 | $1.07K | 111 |
| 6 | DRV/USD | $0.10 | $358.04K | 355 | |
| 7 | DRV/EUR | $0.10 Best price | $78.46K | 285 | |
| 8 | Uniswap v4 (Base) | USDC/DRV | $1.00 | $128.61K | 240 |
| 9 | Uniswap v4 (Base) | USDC/DRV | $1.01 | $254 | 90 |
| 10 | Aerodrome Finance | WETH/DRV | $1,982.32 | $158.91K | 332 |
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Launched in January 2024, Derive is a decentralized protocol engineered to facilitate the trading of options, perpetuals, and structured financial products directly on-chain. Built atop the Optimism (OP) Stack, Derive combines Ethereum's security with enhanced scalability and low transaction costs, delivering a high-performance trading environment for both retail and institutional participants.
Derive's structured products include automated covered call vaults, delta-neutral yield strategies, and perpetual basis trading tools. The protocol has facilitated over $1.5 billion in notional volume and supports innovative yield-generating strategies for traders and liquidity providers.
DRV is the native utility token of the Derive ecosystem, serving multiple roles:
As of May 8, 2025, DRV is trading at approximately $0.0317, with a market capitalization of around $24.25 million and a circulating supply of approximately 792 million DRV tokens.
In November 2023, Derive announced a partnership with Ethena, integrating Ethena’s USDe and sUSDe stable assets into the platform. With Ethena’s $4 billion in TVL and over 300,000 users, the collaboration enhances Derive's liquidity, expands collateral options, and unlocks yield opportunities. The partnership introduces structured product vaults for sUSDe holders and enables the use of USDe as collateral for derivatives trading while earning staking yields.
Looking ahead, Derive's roadmap focuses on scaling liquidity, introducing new structured products, and enhancing user experience through smart contract wallets, gasless transactions, and advanced trading tools. With a foundation built on composability and interoperability, Derive is positioned to lead the evolution of decentralized derivatives trading.
Derive represents a significant advancement in the DeFi space, offering a robust and scalable platform for on-chain derivatives trading. Through its innovative infrastructure, strategic partnerships, and community-driven governance, Derive aims to democratize access to sophisticated financial instruments and redefine the landscape of decentralized finance.
As of Jun 2, 2026, Derive trades at $0.092.
Derive has a market capitalization of $68,126,109.26.
Derive has a 24-hour trading volume of $2,391,889.37.
Derive reached an all-time high of $0.56, recorded on Jan 15, 2025. It is currently 83.50% below its all-time high.
Derive recorded an all-time low of $0.012, recorded on Apr 7, 2025. It is currently 655.89% above its all-time low.
