What Derive governs
Derive (DRV) is a DeFi protocol governance token, currently ranked 189th by market capitalization among the assets we track. Derive is the governance token of a DeFi protocol: holding it is less like owning a currency and more like owning a vote over how the protocol runs — and, in some designs, a share of the fees it collects.
Derive (DRV) is a cryptocurrency designed to facilitate the creation and management of derivative assets on the blockchain, enabling users to trade and invest in various financial instruments. It aims to enhance financial accessibility and transparency within decentralized finance.
How value is supposed to accrue
DeFi tokens are worth something when the protocol generates fees and routes value to holders — through revenue share, buybacks, or governance over a real treasury. Without that link, a governance token is just a vote.
Background & fundamentals
The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in DRV. In sector terms it is most often filed under Base Ecosystem, Arbitrum Ecosystem, and Ethereum (ETH) Token (ERC-20).
Where Derive sits in the market
Trading around $0.1104, Derive carries a market capitalization of $81.42M. Around $101.60K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.12% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Almost the entire DRV supply is already in circulation (~100.0% of the 1B cap), so future dilution is effectively off the table. DRV trades about -12% below its all-time high of $0.1251, within reach of prior peaks. Measured from its all-time low of $0.0116, DRV is up +851%.
What the price history shows
Recent moves read 24-hour +5.29%, 7-day +27.82%, 30-day +6.30%, 1-year +288.60%. Across roughly the last 366 days of daily candles, DRV endured a peak-to-trough drawdown of about 69% before stabilizing.
Volatility profile
Recent action puts Derive in the High-volatility band — it has been actively trading, with daily moves that would be unusual in traditional equities. Over the last 30 days the move totals +6.30%, a useful input for stop placement and position sizing.
How to evaluate a DeFi token like Derive
The honest checklist for DRV is short:
- Protocol revenue — fees the application actually earns, and whether any of it reaches DRV holders.
- Total value locked — how much capital trusts the protocol — and how sticky it is versus mercenary yield.
- Token utility — whether DRV is load-bearing (governance over real value, fee rights) or decorative.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
