Derive

Derive

DRV #354
CCC 48% L1 Protocol Watch

Project Safety Score: 48%

Updated 59 minutes ago
DeriveDRV
Market Cap$75564625
24hr Volume$71950
24hr Change-4.3%
Price$0.075577
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track
Record
100 AAA
100% · medium
Developer
Health
0 F
100% · medium
Network
Security
56 B
100% · medium
Social
Behavioral
70 BBB
50% · low
Adoption
& Liquidity
12 F
100% · high

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DRV Derive Details
Smart Contract PlatformDecentralized Finance (DeFi)DerivativesOptionsPerpetualsArbitrum EcosystemEthereum EcosystemOptimism Ecosystem

Derive is a decentralized protocol that facilitates programmable on-chain options, perpetuals, and structured products. It operates on Derive Chain, an Ethereum rollup utilizing the OP stack, and functions as a permissionless smart contract platform.

The governance model is based on DRV token holders, who oversee the Derive DAO, which earns trading and gas fees. These trading fees contribute to an insurance fund designed to enhance the protocol's robustness. Additionally, Derive has developed an AI-powered trading application aimed at professional traders, allowing for the execution of trades across various products including spot, perpetuals, and options.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Price Chart - Derive

Contract Security

ethereum · 0xb1d1eae60eea9525032a6dcb4c1ce336a1de71be
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
Source: GoPlus Security

On-Chain Facts

Total Holders
57071
Top 10 Hold
85.9%
Top 50: 97.3%
Top Holders
  • 0xee900961552df0807… 54.33%
  • 0x169a99b9958386a5d… 7.56%
  • 0x526a371f9b65835a5… 7.07%
  • 0x9e278520c9090d564… 3.63%
  • 0x2cde9919e81b20b4b… 3.35%
  • 0x857ed75e4054f3029… 3.28%
  • 0xb0d93dc578d50fd6e… 2.31%
  • 0xd0cfe16f585e30fa2… 2.22%
  • 0xef5276b4291af7598… 1.17%
  • 0x8fff28d297ee222ea… 0.94%
Source: ethplorer
Discussion
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85%
Profile Status
Data completeness
Some data missing
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$0.23
All-Time Low$0.0124
Circulating999809493
Total Supply1500000000

Recent News

Nobel-winning physicist warns bitcoin could be early target of quantum computing

general 1 source 1 month, 1 week ago

Google: Quantum Computers Need 20x Fewer Qubits to Crack Crypto

general 1 source 1 month, 2 weeks ago

Here's what 'cracking' bitcoin in 9 minutes by quantum computers actually means

general 1 source 1 month, 2 weeks ago

Why the $19bn October crypto wipeout was ‘one of the best things’ to happen to onchain options startups

general 1 source 1 month, 3 weeks ago

Derive Integrates Solana Markets, Enabling Volatility and Structured Trading

general 1 source 2 months ago

Bitcoin Options Traders Are Positioning for a Break Above $80,000

general 1 source 2 months, 1 week ago

DRV Price to Chinese Yuan | Convert DRV to CNY

general 1 source 2 months, 2 weeks ago

Bitcoin encryption isn’t at risk from quantum computers for one simple reason: it doesn’t actually exist

general 1 source 4 months, 4 weeks ago

Derive Founder: Divergence in Bitcoin Options, Capital Flows Remain Cautious

general 1 source 5 months ago

Bitcoin Price Forecast: BTC Traders Bet on Sub-$80K New Year: Derive

general 1 source 5 months, 2 weeks ago

Derive GitHub