A Closer Look at Derive V3 and the Promise of Distribution
Derive (DRV)
Derive V3 Spot - Protocol Analytics
Explore Derive V3 Spot, a Protocol with N/A in total value locked (TVL). Get real-time metrics, charts, and insights. Data from DefiLlama.
About Derive V3 Spot
Derive V3 Spot is the spot trading market of Derive V3, the self-custodial exchange formerly known as Lyra. Spot orders are matched on a central limit order book and settled through a zkVM exchange on Ethereum, combining order book execution with on-chain custody. Spot balances count toward the same portfolio margin account used for Derive options and perpetuals. It replaced Derive V2 Spot in October 2026.
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