Derive
DRVLive. The record does not yet cite when this stage began. Code activity not checked. Machine draft, not yet checked by a person.
Why it movedDown 9% today. Headlines that name it: Fidelity pushes $50M FIDD into on-chain finance (grafa.com, 2d ago)
What it is for
Derive
Cheaper transactions on top of another chain
0 coins tagged Layer 2 (L2), worth $0 together. Bigger circle, bigger coin. Order is size only.
Derive says it is a website where people trade crypto options directly on a blockchain.
Its listing puts it this way: Derive is a decentralized protocol that creates programmable onchain options, perpetuals, and structured products. Derive is deployed and operates on Derive Chain, an Ethereum rollup built using the OP stack and is the home of the Derive Protocol.
Problem it says it solves: cheaper transactions on top of another chain.
Where it trades: Coinbase Exchange, Upbit, Gate, Kraken, Bithumb
Options 7 coins, together worth $11.34B. Sorted by size.
The average coin in this group is worth $1.87B. To match it, this coin's price would need to rise 1225%, to about $1.87.
| Coin | Worth | Today | Supply out | Promises delivered |
|---|---|---|---|---|
| Derive | $140,879,447 | −8.8% | 67% | none dated |
| Rain | $11,168,772,368 | −3.4% | 62% | no record |
| Hegic | $15,990,592 | −0.1% | 100% | no record |
| Strike | $9,100,976 | −1.7% | 72% | no record |
| Thetanuts Finance | $3,238,083 | −0.9% | 32% | no record |
| HXRO | $3,129,350 | −1.2% | – | no record |
| Ribbon Finance | $1,495,243 | – | 7% | no record |
DeFAI 33 coins, together worth $727.15M. Sorted by size.
The average coin in this group is worth $18.32M. This coin is worth 8 times that average.
| Coin | Worth | Today | Supply out | Promises delivered |
|---|---|---|---|---|
| Derive | $140,879,447 | −8.8% | 67% | none dated |
| Ribbita by Virtuals | $179,553,860 | −5.6% | 100% | no record |
| Mantis | $47,447,004 | – | 100% | no record |
| SentismAI | $43,263,233 | +1.1% | 20% | no record |
| Capricorn | $41,855,086 | −2.9% | 28% | no record |
| Velvet | $24,127,247 | −8.3% | 46% | no record |
| BankrCoin | $23,393,121 | +2.6% | 100% | no record |
Grouping is CoinGecko’s category tags, most specific first. Order is size, nothing else.
Roadmap and delivery
Derive
0 of 0
promises delivered, by the project's own pages
0 of those confirmed by an outside news report
Promises by the year they were due
delivered open past due
The project gives no dates for these, so there is no line to draw. What its pages say, in plain words:
Roadmap and delivery
Every dated promise on one line, oldest left. "Delivered" is what the project's own pages say; the outside check looks for a news report of it. Tap a number for the list, or a point for that promise.
No dated promises recorded yet.
The project gives no dates for these, so there is no line to draw. What its pages say, in plain words:
What is coming
Derive
Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
The project gives no dates for these, so there is no line to draw. What its pages say, in plain words:
Nothing dated is coming up in the record.
Price and size
Derive
The last 7 days
Where today sits against its highest ever price
Highest ever: $0.2283 on 14 January 2025. Today is 62% of that.
$0.1409 −8.8% today
7 days −8.7%. Market cap $140,879,447, #221 of all coins. Its all-time high was $0.2283 on 14 January 2025, so it is −38.3% from the top.
CoinGecko, refreshed hourly. Not part of the record.
Derive says it is a website where people trade crypto options directly on a blockchain. Its pages make no dated promises we could check. It trades at $0.1409, #221 of all coins by size, 38% below its highest ever price. 33% of its coins are still held back and could come to market later.
Every line above is a fact from the record or the market feed. What to do with it is up to you.
Who holds the supply
Derive
67%
of all DRV that will ever exist is already out in public hands: 999.71M coins.
33% (500.29M coins) is already created but not in public hands, held by the project or locked in escrow. That is a large share, though not a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
- of the maximum supply is in circulation: 999.71M of 1.5B.
- 500.29Mcoins still to be released, 33% of the maximum. Releases can add selling pressure.
- 1.5×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $0.2283 on 14 January 2025. That is −38.3% from the top.
- #221by market cap, $140,879,447.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
999.71M in public hands, 67% of the maximum.
500.29M (33%) is already created but not in public hands: held by the project or locked in escrow. That is a large share, though not a majority, and it can reach the market later.
Supply figures from CoinGecko; who exactly holds the rest is not something this site reads from the chain yet.
$0.1409 −8.8% today
7 days −8.7%. Market cap $140,879,447, #221 of all coins. Its all-time high was $0.2283 on 14 January 2025, so it is −38.3% from the top.
CoinGecko, refreshed hourly. Not part of the record.
Derive says it is a website where people trade crypto options directly on a blockchain. Its pages make no dated promises we could check. It trades at $0.1409, #221 of all coins by size, 38% below its highest ever price. 33% of its coins are still held back and could come to market later.
Every line above is a fact from the record or the market feed. What to do with it is up to you.
Competitors
Derive
Options: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Derive$140.88Mthis coin−8.8%67% outnone dated
Rain$11.17B79.3× bigger, +$11.03B−3.4%, gap +5.462% outno record
Hegic$15.99M8.8× smaller, −$124.89M−0.1%, gap +8.7100% outno record
Strike$9.1M15.5× smaller, −$131.78M−1.7%, gap +7.072% outno record
Thetanuts Finance$3.24M43.5× smaller, −$137.64M−0.9%, gap +7.932% outno record
HXRO$3.13M45.0× smaller, −$137.75M−1.2%, gap +7.5no maxno record
Ribbon Finance$1.5M94.2× smaller, −$139.38M–7% outno record
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
Options: this coin next to the group's largest, Rain.
| Derive | Rain | |
|---|---|---|
| Years trading | 2 years | 12 months |
| Major exchanges | 3 | 0 |
| Named backers | 0 | 0 |
| Headlines, last month | 14 | 27 |
| Promises delivered | no record | no record |
What it says is different: Derive is a decentralized protocol that creates programmable onchain options, perpetuals, and structured products. Derive is deployed and operates on Derive Chain, an Ethereum rollup built using the OP stack and is the…
It is 1.3% the size of Rain, and the facts above do not show why. For that gap to close, the record would need deliveries showing up in its record. Nothing here says it will; the site does not predict.
Options 7 coins, together worth $11.34B. Sorted by size.
The average coin in this group is worth $1.87B. To match it, this coin's price would need to rise 1225%, to about $1.87.
| Coin | Worth | Today | Supply out | Promises delivered |
|---|---|---|---|---|
| Derive | $140,879,447 | −8.8% | 67% | none dated |
| Rain | $11,168,772,368 | −3.4% | 62% | no record |
| Hegic | $15,990,592 | −0.1% | 100% | no record |
| Strike | $9,100,976 | −1.7% | 72% | no record |
| Thetanuts Finance | $3,238,083 | −0.9% | 32% | no record |
| HXRO | $3,129,350 | −1.2% | – | no record |
| Ribbon Finance | $1,495,243 | – | 7% | no record |
DeFAI 33 coins, together worth $727.15M. Sorted by size.
The average coin in this group is worth $18.32M. This coin is worth 8 times that average.
| Coin | Worth | Today | Supply out | Promises delivered |
|---|---|---|---|---|
| Derive | $140,879,447 | −8.8% | 67% | none dated |
| Ribbita by Virtuals | $179,553,860 | −5.6% | 100% | no record |
| Mantis | $47,447,004 | – | 100% | no record |
| SentismAI | $43,263,233 | +1.1% | 20% | no record |
| Capricorn | $41,855,086 | −2.9% | 28% | no record |
| Velvet | $24,127,247 | −8.3% | 46% | no record |
| BankrCoin | $23,393,121 | +2.6% | 100% | no record |
Grouping is CoinGecko’s category tags, most specific first. Order is size, nothing else.
Cheaper transactions on top of another chain
0 coins tagged Layer 2 (L2), worth $0 together. Bigger circle, bigger coin. Order is size only.
In the news
Derive
Headlines per day, last 30 days
14 headlines named this coin in the last month.
What they were about
- Upgrade1
Derive says it is a website where people trade crypto options directly on a blockchain. Its pages make no dated promises we could check. It trades at $0.1409, #221 of all coins by size, 38% below its highest ever price. 33% of its coins are still held back and could come to market later.
Every line above is a fact from the record or the market feed. What to do with it is up to you.
- Fidelity pushes $50M FIDD into on-chain finance
- No Roadmap, No Utility, No Problem: How Does Pepe (PEPE) Derive Value Without a Product?Upcoming
- Fidelity Warns Bitcoin's Private Keys Face Future Quantum Risk
- Derive Rich List — Top 100 Holders & Distribution Chart
- Derive’s Record Month
- StarkWare Quantum Bitcoin Transaction: First Quantum-Resistant BTC Transaction Hits MainnetUpcoming
- Anonymous coder hides Bitcoin puzzle in Satoshi's genesis block
- XRP holders can now trade options on Derive usi...
- XRP Holders Can Now Trade Options. Here’s how
- Big Win for XRP Holders: On-Chain Options Arrive via Flare’s FXRP
- XRP Holders Gain On-Chain Options Trading via Flare's FXRP Collateral
- Derive Opens XRP Derivatives Trading Through Flare’s FXRP
- Big Win for XRP Holders: On-Chain Options Arrive via Flare’s FXRP
- XRP Holders Can Now Trade Options Using Flare’s FXRP as Collateral
14 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
What holding it gets you
Derive
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
Derive says it is a website where people trade crypto options directly on a blockchain.
Its listing puts it this way: Derive is a decentralized protocol that creates programmable onchain options, perpetuals, and structured products. Derive is deployed and operates on Derive Chain, an Ethereum rollup built using the OP stack and is the home of the Derive Protocol.
Problem it says it solves: cheaper transactions on top of another chain.
Where it trades: Coinbase Exchange, Upbit, Gate, Kraken, Bithumb
Where it trades, by how much changes hands each day
- Coinbase Exchange$986.79K a day, DRV/USD
- Upbit$545.23K a day, DRV/KRW
- Gate$279.8K a day, DRV/USDT
- Kraken$242.27K a day, DRV/USD
- Bithumb$77.16K a day, DRV/KRW
- OrangeX$1.97M a day, DRV/USDT
- Hyperliquid$637.06K a day, DRV/USDC
- Aerodrome Slipstream 3$326.98K a day, 0X9D0E8F5B25384C7310CB8C6AE32C8FBEB645D083/0X4200000000000000000000000000000000000006
Largest venues by reported volume, from CoinGecko. Plain links, no referral.
Worth a look?
Derive
3 of 4
- ✓A real-world jobReal-world purpose: cheaper transactions on top of another chain
- ✓Real backingBacking: trades on Coinbase, Upbit, Kraken
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $140.88M, 79 times smaller than Rain, the biggest coin doing the same thing (Options)
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Derive says it is a website where people trade crypto options directly on a blockchain. Its pages make no dated promises we could check. It trades at $0.1409, #221 of all coins by size, 38% below its highest ever price. 33% of its coins are still held back and could come to market later.
Every line above is a fact from the record or the market feed. What to do with it is up to you.
Options: this coin next to the group's largest, Rain.
| Derive | Rain | |
|---|---|---|
| Years trading | 2 years | 12 months |
| Major exchanges | 3 | 0 |
| Named backers | 0 | 0 |
| Headlines, last month | 14 | 27 |
| Promises delivered | no record | no record |
What it says is different: Derive is a decentralized protocol that creates programmable onchain options, perpetuals, and structured products. Derive is deployed and operates on Derive Chain, an Ethereum rollup built using the OP stack and is the…
It is 1.3% the size of Rain, and the facts above do not show why. For that gap to close, the record would need deliveries showing up in its record. Nothing here says it will; the site does not predict.
Derive says it is a website where people trade crypto options directly on a blockchain.
Its listing puts it this way: Derive is a decentralized protocol that creates programmable onchain options, perpetuals, and structured products. Derive is deployed and operates on Derive Chain, an Ethereum rollup built using the OP stack and is the home of the Derive Protocol.
Problem it says it solves: cheaper transactions on top of another chain.
Where it trades: Coinbase Exchange, Upbit, Gate, Kraken, Bithumb
The record
Derive
Derive says it is a website where people trade crypto options directly on a blockchain.
“Derive is bringing institutional-grade crypto options execution onchain.”source · snapshot · captured 2026-09-10
Live. The record does not yet cite when this stage began.
No dated or committed promises have been recorded yet.
No public code repository is listed in this record.
None of the project's captured pages has changed since capture began on 10 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.