DRV Derive Rank #126 $0.4019 ▲ 1.21%

Derive is a decentralized protocol that offers programmable onchain derivatives, including options, perpetuals, and structured products. The protocol operates on Derive Chain, a permissionless smart contract platform built as an Ethereum rollup using the OP Stack. This dedicated chain serves as the technical foundation for the Derive Protocol and is designed to support derivatives trading within a Layer 2 environment. The Derive DAO governs the ecosystem, with DRV token holders directing the management of trading fees generated by the protocol and gas fees from the underlying chain. A portion of trading fees is directed to an insurance fund intended to support the stability of both the protocol and the rollup. In addition to its core protocol, Derive has developed Derive Pro, an AI-powered trading application created in collaboration with Messari. The app is aimed at professional traders and translates market views into executable transactions using smart contract wallets, enabling one-click, gasless, and chainless trading. Derive Pro supports spot, perpetual, and options trading on Derive, with integration capabilities extending to spot automated market makers on Layer 2 networks such as Optimism, Arbitrum, and Base.