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Derive

Perp + Options
$DRV · Founded 2024 · derive.xyz ↗
Price n/aNot available
Visit Derive ↗
★★★★★★★★★★
60/100dexwatch score · Fair

Derive is a Perp + Options on Derive Chain (OP Stack L2).

ℹ
Status

Formerly Lyra (2021); rebranded in December 2024. Fees shown are third-party figures for perps and were not re-verified against the docs.

Key metrics

24h volume
$40.0M
7d volume
$473.3M
Total value locked
n/a
Open interest
$77.5M
Share of tracked perp volume
0.3%
Market cap
n/a
Maker / taker fee
0.01% / 0.03%
Max leverage
20×
Trading pairs
30

Snapshot Oct 10, 2026 from public sources (the venue's own market API for volume and open interest, DefiLlama for TVL). Live values refresh in your browser where a source is available. Fields without a verifiable source show n/a.

Overview

Derive is a perp + options that runs on Derive Chain (OP Stack L2). It handles roughly $40.0M in 24-hour volume, charging a taker fee of 0.03% and offering up to 20× leverage. Founded in 2024.

A detailed editorial pros & cons breakdown, security score and audit history for Derive are not available yet — the figures above come from public trackers and the venue's own API where available. We add full profiles over time.

Made your choice?

Start trading on Derive

Non-custodial — connect your wallet and you stay in control of your funds. Leverage is high-risk; only trade what you can afford to lose.

Derive Chain (OP Stack L2)Perp + Options
Open Derive ↗ Visit derive.xyz Affiliate link · dexwatch may earn a commission at no extra cost to you.

Frequently asked about Derive

Is Derive safe to use?
There is no published dexwatch security score or audit list for Derive in our dataset yet, so we mark that as not available. Like other decentralized exchanges it is non-custodial, meaning you keep control of your funds in your own wallet. Always do your own research before trading.
What are the trading fees on Derive?
Derive charges a maker fee of 0.01% and a taker fee of 0.03%.
What is the maximum leverage on Derive?
Derive offers up to 20× leverage on supported markets. High leverage is extremely risky and can liquidate a position quickly — only trade what you can afford to lose.
Which blockchains does Derive support?
Derive operates on Derive Chain (OP Stack L2).

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Learn before you trade

Open the Academy →
What are perpetuals & perp DEXes?Module 7 · 7 min read → Leverage risk & liquidationModule 7 · 6 min read → The crypto wallet: your key to the DEXModule 2 · 6 min read → Phishing, fake sites & wallet drainersModule 5 · 7 min read →
Key terms
PerpetualsFunding rateLeverageLiquidationMargin
Related guides
Best DEX for beginnersBest perp DEXesHow to choose a DEXHyperliquid alternatives

Figures are a dated snapshot from public sources — they move constantly and are for reference only, not financial advice. Updated Oct 10, 2026. Spotted an error? Tell us.