Derive
DRV
$0.365814
Current Price
-5.80%
24h Change
Info
DRV
Symbol
$548.55M
Fully Diluted Valuation
$365.57M
Market Cap
123
Market Rank
1.50B
Total Supply
$8.31M
Total Volume
$0.401827
24h High
$0.359895
24h Low
About Derive
Derive aims to revolutionize the trading landscape by offering a decentralized protocol that facilitates the creation of programmable on-chain options, perpetual contracts, and structured financial products. Operating on the Derive Chain, an Ethereum rollup utilizing the OP stack, Derive offers a permissionless smart contract platform that enhances the security and efficiency of financial transactions. Governed by DRV token holders, the Derive DAO benefits from both trading fees and gas fees, which are directed towards an insurance fund to ensure the protocol's resilience. This strategic design underscores Derive's mission to democratize financial markets by offering a robust and transparent trading environment. The ecosystem is further enriched by an AI-powered trading application tailored for professional traders. This app, developed in collaboration with Messari, simplifies trading by translating market insights into actionable trades. It enables users to execute transactions seamlessly using smart contract wallets, making trades gasless and chainless. Supporting spot, perpetual, and options trading, the app also connects to spot AMMs on Layer 2 solutions like Optimism, Arbitrum, and Base. Through these innovative features, Derive not only enhances the trading experience but also strengthens its market position by fostering integration with decentralized finance (DeFi) ecosystems.
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FAQ
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