Derive V2 - Protocol Analytics

Explore Derive V2, a Protocol with $188,783,142.34 in total value locked (TVL). Get real-time metrics, charts, and insights. Data from DefiLlama.

Derive V2

protocol

Website @derivexyz

TVL

$188.78M

-0.18% from yesterday

-3.05% from last week

Volume (24h)

$25.87M

0.06% TVL dominance

Fees (24h)

$4.8K

$56.7K 7d fees

$171.1K 30d fees

Revenue (24h)

$1.9K

$22.9K 7d revenue

$72.8K 30d revenue

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About Derive V2

Derive is a self-custodial, high-performance crypto derivatives platform enabling trading of options, perpetuals and spot markets. It operates through three components: the Derive Chain, an Optimistic rollup built on the OP Stack and secured by Ethereum; the Derive Protocol, which provides permissionless margin trading infrastructure; and the Derive Exchange, a centralized limit order book that matches orders while settling trades trustlessly on-chain. The system combines the efficiency of off-chain matching with on-chain settlement, ensuring user custody of funds, transparent liquidations, and decentralized governance via the Derive DAO.

Open Interest

$86.31M