Derive DRV
ProtocolOptionsRank 120
$0.3489
+15% over 24h
Data as of Nov 4, 06:30 PM
Decentralized options and perpetuals trading platform, formerly Lyra, running on its own layer-2 network (Derive Chain) and also offering yield products.
Where is Derive’s price relative to its value?
CQuality: averageEstimated fair value
Current price
Gap to fair value
The gap to estimated value is public only for the 10 largest cryptos. For this one, it is in the analysis: estimated value, temperature, value curve and 4-year scenario.
Descriptive estimate based on past data. Not a recommendation to buy or sell, nor a price target.
Price since launch
€10,000 simulator: in the full analysis.See Derive’s gap for free
Scenario (an assumption, not a forecast)
For this crypto, the value curve and the scenario (underlying trend and 4-year cycle) are reserved: 3 analyses of your choice a month with a free account, all of them with Pro.
- Since Jan 2025
- +91%
- All-time high (Oct 2026)
- $0.5466 · −36%
Where the money goes
Over the last 12 months.
- Fees paid by users$5.9M
- Revenue kept by the protocol$4.4M
- Passed on to token holders$1.3M
Holders receive 31% of revenue, through token buybacks, burns or distributions to stakers.
Key metrics
Compared with the median of other protocols.
| Metric | DRV | Median | Rank |
|---|---|---|---|
| Price / annual revenue | 58× | 16× | 59 of 77 |
| 1-year revenue growth | Reserved for the full analysis | −50% | Reserved for the full analysis |
| Net holder yield | Reserved for the full analysis | −7% | Reserved for the full analysis |
| 12-month dilution | Reserved for the full analysis | +13% | Reserved for the full analysis |
| 1-year volatility | Reserved for the full analysis | 93% | Reserved for the full analysis |
| Worst drop over 2 years | Reserved for the full analysis | — | Reserved for the full analysis |
| 12-month revenue | $4.4M | — | — |
| Current pace (3 months annualised) | Reserved for the full analysis | — | Reserved for the full analysis |
| Market cap | $371M | — | — |
Growth, net yield, dilution, volatility and rank in the sector: in the full analysis. See Derive’s gap for free
CProject qualityAverage · 52/100 · regardless of priceSee details
- Real revenue16/35
$4.4M over 12 months
- Supply and dilution10/25
71% of tokens already in circulation, 23% more tokens per year
- Maturity9/15
1.8 years of history
- Liquidity and size13/15
Daily volume 2.2% of market cap, rank 120
- Price stability4/10
39 / 100
Revenue health
In the full analysis
In the full analysis
Price risk
In the full analysis
In the full analysis
Grade from A (very strong) to E (speculative) for Derive. How it is calculated
Comparables
See the rankingSame family, similar size.
Methodology and sources
Derive’s fair value: normalised annual revenue × usual multiple (its own, blended with its sector’s if its history is short) ÷ circulating tokens.
Gap = price ÷ value − 1. Hot above +40%, warm above +15%, mild between −15% and +15%, cold below −15%, freezing below −40%.
Project summary written by Dibagger with the help of AI, from its public descriptions (CoinGecko, DefiLlama); official links taken from the same sources.
Prices updated every 30 minutes, revenue daily, computed on Nov 4, 06:30 PM. Methodology v3. Full methodology
This information describes a situation; it is not investment advice.