Derive

DRV Rank #222
Token
Market Signal Market Signal is a price-based 0–100 indicator combining 24-hour to one-year momentum, logarithmic position between the all-time low and high, recency of those milestones, and whether 24-hour volume change confirms the latest price move. It describes current market conditions, not a price forecast.
Bullish

30D -16.0% 39.2% below ATH

Price-based current market conditions indicator with 100 percent data coverage. This is not a price forecast.
$0.35
Updated Data via CoinMarketCap
Market cap The current market value of coins already in circulation.
$258.98M
Token Dominance This asset's share of the Token category's total market capitalization, calculated by dividing its market cap by the combined market cap of assets in its primary CryptoSlate category.
0.1%
Volume (24h) The estimated total value traded across exchanges over the past 24 hours.
$7.04M
Supply The circulating supply compared with the protocol-defined maximum supply.
737.5MMaximum supply: 1.5B
FDV Fully diluted valuation estimates the market value if the project's fully diluted token supply were circulating at the current price.
$526.71M

Derive price chart

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Why Derive is bullish

Bullish 62 100% data coverage Market Signal explains the weighted evidence behind the current price-based label. It describes current conditions and is not a price forecast.

Logarithmic historical position supports it. The available evidence produces a bullish reading rather than a price forecast.

Score drivers

Each bar shows how a formula-weighted input pulls the composite reading below or above its neutral midpoint.
Momentum 55% weight +3 pts
Historical position 20% weight +7 pts
Milestone recency 15% weight +1 pts
Volume confirmation 10% weight 0 pts

Historical position

The current price is placed between the all-time low and high on a logarithmic scale, matching the formula input.
Log scale · formula input Logarithmic placement gives equivalent percentage moves comparable visual distance across the full historical range.

Momentum evidence

These are the price-change horizons used by the Market Signal momentum component.
24H
Up 0.46%
7D
Down 9.08%
30D
Down 15.97%
Highest weight
90D
Up 248.93%
1Y
Up 269.23%

Market context

Not directly scored These supporting values provide context and are not directly included in the displayed signal score.
CEX volume (24h) The estimated centralized-exchange trading volume over the past 24 hours.
$5.26M
DEX volume (24h) The estimated decentralized-exchange trading volume over the past 24 hours.
$1.77M
Total supply The total number of tokens that currently exist, excluding any that have been verifiably burned.
1.5B
How this score is calculated Model v1.0 · Current conditions, not a forecast.

What it measures

The model converts price momentum, logarithmic historical position, milestone recency, and short-term volume confirmation into one 0–100 score. Missing evidence lowers data coverage instead of counting as neutral.

Configured model weights

Momentum
55% weight
Historical position
20% weight
Milestone recency
15% weight
Volume confirmation
10% weight

When inputs are missing, these configured weights are renormalized across the available evidence; data coverage records what is missing.

How to read it

50 is the neutral midpoint. Scores of 60 or higher are bullish, 40 or lower are bearish, and 41–59 are neutral.

Derive Markets

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Showing 10 spot markets. Markets excluded from CMC price or volume calculations are hidden.

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Pair
Market details
1
Coinbase Exchange Trade DRV
DRV/USD $0.35027 Vol (24h) $343.31K 424
Liquidity
424
Trade DRV
2
Upbit
DRV/KRW $0.35314 Vol (24h) $1.04M 397
Liquidity
397

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3
Upbit
DRV/BTC $0.34539 Best price Vol (24h) $136 1
Liquidity
1

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4
Binance Alpha
DRV/USDC $0.35021 Vol (24h) $28.71K 226
Liquidity
226

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5
Gate
DRV/USDT $0.34927 Vol (24h) $355.7K 394
Liquidity
394

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6
Uniswap v4 (Ethereum)
ETH/DRV $2,299.95 Vol (24h) $28.69K 310
Liquidity
310

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7
Uniswap v4 (Ethereum)
ETH/DRV $2,300.91 Vol (24h) $6.58K 330
Liquidity
330

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8
MEXC
DRV/USDT $0.3543 Vol (24h) $56.55K 218
Liquidity
218

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9
Hyperliquid
DRV/USDC $0.3497 Vol (24h) $492.61K 0
Liquidity
0

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10
Uniswap v3 (Base)
WETH/DRV $2,296.72 Vol (24h) $59.99K 260
Liquidity
260

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About Derive

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.

Key Features and Infrastructure

  • Derive Protocol: A decentralized settlement layer supporting trustless margining, liquidations, and clearing for derivatives trading.
  • Derive Chain: An OP Stack rollup optimized for high-throughput and low-latency settlement, seamlessly bridging with Ethereum.
  • Risk Engine: A modular framework enabling custom risk management strategies for diverse financial products.
  • Matching Engine: An institutional-grade order matching system for options and perpetual futures.

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 Token Utility and Governance

DRV is the native utility token of the Derive ecosystem, serving multiple roles:

  • Governance: DRV token holders participate in the Derive DAO, managing protocol upgrades, trading fees, and liquidity incentives.
  • Staking: Users can stake DRV to earn rewards and gain voting power in governance decisions.
  • Fee Discounts: Stakers receive discounted fees on spot, perpetuals, and options trades based on their staked balance.
  • Buybacks: 25% of Derive protocol fees are allocated to DRV token buybacks, executed monthly to support token value.

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.

Strategic Partnerships and Roadmap

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.

Conclusion

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.

Categories
Token DeFi AI DeFAI

Derive Token Contracts

Derive Technical Details

Circulating Supply 737,529,683
Total Supply 1,500,000,000
Max Supply 1,500,000,000

Derive FAQs

What is the price of Derive today?

As of Oct 27, 2026, Derive trades at $0.35.

What is the market cap of Derive?

Derive has a market capitalization of $258,977,269.27.

What is the 24-hour trading volume of Derive?

Derive has a 24-hour trading volume of $7,038,364.15.

What is the all-time high of Derive?

Derive reached an all-time high of $0.58, recorded on Sep 19, 2026. It is currently 39.23% below its all-time high.

What is the all-time low of Derive?

Derive recorded an all-time low of $0.012, recorded on Apr 7, 2025. It is currently 2.77 thousand percent above its all-time low.

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