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Bitcoin (BTC), Ethereum (ETH), Hyperliquid (HYPE), Derive (DRV)
Derive V2 - Protocol Analytics
Explore Derive V2, a Protocol with $295.1K in total value locked (TVL). Get real-time metrics, charts, and insights. Data from DefiLlama.
Derive V2 TVL chart-99.60%1Y
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.
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Blockchains supporting Derive V2
| Blockchain | Derive V2 TVL | 24h | 7d |
|---|---|---|---|
 ETEthereum | $14 | -2.84% | -9.32% |
 BABase | $1 | - | - |
 ARArbitrum | $0 | - | - |
 HYHyperliquid L1 | $0 | - | - |