Derive DRV
HyperEVM token · top pool on Nest
Also listed in our main rankings: Derive coin page (#126)
Before you trade
- Thin liquidity: Liquidity is under 1% of its market cap, so large sales would move the price sharply.
- Market cap
- $407.8M
- Fully diluted value
- $24.72M
- Liquidity
- $348.06K
- 24h volume
- $634.62K
- 24h trades
- 3,194
- Age
- 3mo
- Chain
- HyperEVM
About Derive
Derive (DRV) is the governance token of Derive, a decentralized platform for trading crypto options, perpetual futures and structured products. The project was previously known as Lyra, one of the earliest on-chain options exchanges, and rebranded to Derive in 2024.
Derive runs on its own rollup chain built on Ethereum with the OP Stack. Trading uses an order book with off-chain matching and on-chain settlement, which lets it offer a speed and experience closer to centralized exchanges while users keep custody of their funds. Its portfolio margin system lets traders use one pool of collateral across many positions.
DRV holders vote on protocol decisions through the Derive DAO, which collects trading fees and network fees from the chain. Part of the fees support an insurance fund that helps protect the system during sharp market moves.
Contract
HyperEVM: 0x9628bba16db41ea7fe1fd84f9ce53bc27c63f59b
Always check the contract address before buying; copycat tokens often reuse the same name and ticker.