Base App vs Derive

Base App is an onchain wallet and trading app developed by Base, the Ethereum Layer 2 ecosystem built by Coinbase. Formerly known as Coinbase Wallet, it combines crypto asset management, token trading, payments, social features and decentralized app discovery in a single interface. Users can buy, sell and swap millions of assets, send and receive USDC, explore mini apps and DeFi protocols, earn rewards on eligible assets, and interact with friends or AI agents through encrypted chats. Base App also features an onchain social feed where users can discover trending assets, creators and communities and trade directly from content. It is available on web and mobile and is designed as an integrated gateway to the broader Base ecosystem.

Derive V3 Options is the options market of Derive V3, the latest version of the self-custodial derivatives exchange formerly known as Lyra. V3 runs on a zkVM exchange that settles trades on Ethereum: orders are matched on a central limit order book while positions, margin and settlement stay verifiable on-chain. Traders can buy and sell European options on major crypto assets with portfolio margin shared across options, perpetuals and spot, and market makers quote directly into the book.