A Closer Look at Derive V3 and the Promise of Distribution
Derive (DRV)
Derive V3 Options - Protocol Analytics
Explore Derive V3 Options, a Protocol with $179.39M in total value locked (TVL). Get real-time metrics, charts, and insights. Data from DefiLlama.
About Derive V3 Options
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
$1.946B
Linked assets
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Blockchains supporting Derive V3 Options
| Blockchain | Derive V3 Options TVL | 24h | 7d |
|---|---|---|---|
 ETEthereum | $179,393,516 | -2.53% | -2.92% |