表现
RD 熱度指數
RD 增長指數
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.14% | 1.92% | 9.28% | 28.36% | 108.90% | 14.12% |
收入和銷毀
協議收入
$103.37K回購資金
--銷毀資金
--回購率
--協議資金趨勢
月度金額與比值
| 週期 | 協議收入 | 回購資金 | 銷毀資金 | 回購率 |
|---|---|---|---|---|
| 2026-11 | $103.37K | -- | -- | -- |
| 2026-10 | $459.64K | $171.77K | -- | 37.4% |
| 2026-09 | $515.19K | -- | -- | -- |
| 2026-08 | $433.87K | -- | -- | -- |
| 2026-07 | $390.54K | -- | -- | -- |
| 2026-06 | $495.44K | -- | -- | -- |
比較
代幣經濟學
解鎖進度
數據源: CoinGecko
DRV is the token of Derive (formerly Lyra Finance), a DeFi derivatives protocol, with LYRA migrated 1:1. Its 1.5 billion supply is governance-adjustable. Staking to stDRV yields weekly rewards and governance votes (28-day unlock), pays Derive Chain gas and bridges to Ethereum and Base; 25% of revenue funds buyback.
Top 持有者
| 持倉地址 | Token | 持倉數量 | 佔比 | 價值 |
|---|---|---|---|---|
| 0xee90...84bc |   DRV | 437,889,447.49 | 29.19% | $137.78M |
| 0xcb9f...7d49 | DRV | 257,636,113.91 | 25.76% | $81.06M |
| 0xd21d...35ca | DRV | 251,656,757.86 | 16.78% | $79.18M |
跟隨更新
跟隨列表
人物
關於Derive
Derive is an on-chain derivatives protocol formed from the rebranded Lyra, running across ecosystems such as Arbitrum and Optimism to offer institutional-grade options and perpetuals. It tackles thin on-chain options liquidity and poor capital efficiency: early AMM liquidity gave way to an off-chain matching, on-chain settlement Order Book model. Its technology includes portfolio and cross-asset margining, with the V-series upgrades modularizing matching and clearing logic so users hedge and speculate on-chain with lower capital occupation.
In early October 2026, Derive launched V3, moving user custody to Ethereum L1 and retiring its own chain, with margin and settlement logic now proven by a zkVM, verified by Ethereum contracts and with state published to Celestia. Its cost is that scale and monetization remain mismatched, with large notional volume but limited direct protocol revenue, suiting professional options and perp traders.
Derive（前身為Lyra Finance）歷經多次重要里程碑的演進。2024年，Lyra更名為Derive，從基於AMM的期權協議轉型為建構於自有OP Stack L2上的CLOB衍生品平台。2025年1月，DRV代幣上線，與LYRA按1:1比例遷移，Ethena基金會提供資助，同時將DRV供應量的5%分配給sENA質押者。Derive DAO啟動DRV公開市場回購，初始金額為205,000美元。2026年，Upbit上架DRV的韓元、比特幣及USDT交易對，標誌著進軍韓國零售市場。機構以太坊持倉量激增，Derive宣稱第四季具爆炸性潛力。這些事件代表了結構性轉變：協議架構、代幣經濟學、治理及市場擴張。
In April 2026, the Derive DAO approved a governance adjustment raising the share of protocol revenue used for DRV buybacks from 25% to 35%, cutting weekly staking rewards from 250,000 to 100,000 DRV and shortening the unstaking period from 28 days to 7 days; the buyback ratio was raised further to 50% starting October 14.
On revenue, from the start of 2026 through October Derive collected roughly $362.5 million in options premiums, capturing 87.4% of the on-chain options market, up 191.9% year over year; platform fees totaled about $4.51 million, with perpetuals contributing 39.1%. For nine consecutive months, buyback-and-burn volume (16.6 million DRV) exceeded staking emissions (6.1 million); as of October 6 the protocol had completed its 87th weekly buyback, purchasing about 28.1 million DRV cumulatively.
DRV hit an all-time high of $0.2877 on September 17, then rose 158% in a week to $0.3857. In early October the V3 upgrade went live, moving custody of user funds to Ethereum L1 and retiring Derive Chain, adding ETH/BTC cross-asset margining and no-code vaults; options notional cleared about $14.2 billion in 2026 through October 1, nearly 3x the full-year 2025 total.
On July 14, 2026, Upbit and Bithumb listed DRV the same day, lifting the price from about $0.12 to $0.18, after Coinbase added DRV to its listing roadmap in May. October brought V3, which drops the self-run Derive Chain for offchain matching with zero-knowledge proofs submitted to Ethereum, collateral held in Ethereum contracts and state data on Celestia, simplifying integrations and enabling new markets and trading vaults. By Alea Research's count, its options open interest is only 3.1% of the combined Deribit, OKX, Bybit, Binance and Derive total, with Deribit about 25 times larger. Governance raised the buyback share from 25% to 35% in April and to 50% on October 14, cut weekly staking rewards from 250,000 to 100,000 tokens and shortened unstaking from 28 to 7 days, while DRV rose about ninefold this year. Future strategy and roadmap: use V3 to lower integration costs and add markets and trading vaults, differentiating on portfolio margin and structured products; with revenue tied to buybacks, the task is converting notional volume into durable fees and narrowing the liquidity gap with Deribit.
Derive has won the on-chain options niche — about 86.8% of tracked on-chain options notional traded there in the last 30 days — yet fees were only about 680,000 dollars over the same period, so share has not become revenue. The real opponent is Deribit, holding roughly 70%–75% of the global options market through execution speed, market-maker depth and portfolio margin; Derive replicates the last two with off-chain matching and Ethereum-proven settlement but still lacks institutional liquidity. Lifting the buyback to 50% only concentrates existing fees on holders; the next test is whether off-exchange custody via BitGo and Strands plus a US market-entry mandate can pull institutional principal on-chain.
Derive（前身為Lyra）由Nick Forster與Jake Fitzgerald共同創立。 Nick Forster是共同創辦人兼執行長。他曾於Susquehanna International Group（SIG）擔任股票期權交易員三年，累積深厚的期權造市專業知識。他擁有雪梨大學數學與經濟學學士學位。 Jake Fitzgerald是共同創辦人兼前產品主管。他曾於雪梨大學及Project Academy擔任數學與經濟學導師，亦曾在KPMG完成金融風險管理實習。備註：根據LinkedIn資料，Jake已於2026年2月離開Derive。
根據 RootData 和 LinkedIn，Alex van Voorhees 於 2026 年 9 月加入 Derive，擔任首席法律與合規官。
目前尚未發現核心團隊的離職情況。隨著新高管的加入，Derive 持續加強機構級合規性，並推進其鏈上期權和永續合約交易平台。
Derive charges options makers 0.01% and takers 0.03%, adds a $0.5 base fee per order, and caps each order fee at min(0.03% of notional, 12.5% of premium).
Derive sorts traders into five tiers by 28-day volume, volume share and staked DRV: the entry tier charges options makers 0.01% and takers 0.03%, the top tier pays makers a -0.005% rebate with takers at 0.0075%, and perps start at 0.01% maker and 0.03% taker.