A Closer Look at Derive V3 and the Promise of Distribution
Derive (DRV)
Derive - Protocol Analytics
Explore Derive, a Protocol with $179.82M in total value locked (TVL). Get real-time metrics, charts, and insights. Data from DefiLlama.
About Derive
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.
Open Interest
$2.02B
Linked assets
Related alpha
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Blockchains supporting Derive
| Blockchain | Derive TVL | 24h | 7d |
|---|---|---|---|
 ETEthereum | $179,482,549 | -2.53% | -2.92% |
 ARArbitrum | $26,407 | -0.02% | -0.01% |
 BABase | $1 | - | -99.99% |
 HYHyperliquid L1 | $0 | - | - |