The live price of Derive is $0.4131 per DRV/USD, +41.70% in the last 24 hours. It has a market cap of $118.06M and $31.24M in trading volume over the same period. Prices are averaged across every exchange we track and update continuously. DRV has a circulating supply of 737.53M.
Derive is a decentralized protocol designed to facilitate programmable onchain options, perpetuals, and structured products. The protocol operates on Derive Chain, an Ethereum rollup built with the OP stack, functioning as a permissionless smart contract platform.
The Derive DAO, governed by holders of the DRV token, collects trading fees from the protocol and gas fees from the rollup. These trading fees are directed into an insurance fund intended to support the stability of both the protocol and the rollup.
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Derive also offers an AI-driven trading application aimed at professional traders. Developed in partnership with Messari, Derive Pro helps translate market perspectives into trades, with an agent preparing transactions for users. It leverages smart contract wallets to enable one-click, gasless, and chainless trading. The app is planned to support spot, perpetual, and options trading on Derive, and is also designed to integrate with spot automated market makers on L2 networks including Optimism, Arbitrum, and Base.
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