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Project Overview
Derive is an automated market maker (AMM) for options, allowing traders to buy and sell options on cryptocurrencies from a pool of liquidity. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of the asset-specific Derive Market Maker Vaults (MMVs). This liquidity is used to create two-way (buy and sell) options markets for the asset that the vault holds (e.g. ETH Market Maker Vault LPs quote options on ETH). LPs deposit liquidity into the vault to receive the fees paid when options are traded. Traders use Derive to trade options, either buying options from or selling options to the MMV. They pay fees (in the form of the market-making spread) to LPs, as payment for their liquidity.
Bybit Launches DRV Perpetual Contract Today
Bybit today added the Derive (DRVUSDT) perpetual contract, supporting up to 20x leverage.
HTX will list DRV (Derive) on October 15 at 20:00.
据官方公告，火币 HTX 将于 10月 15日 20:00（UTC+8）开放 DRV/USDT 现货交易和网格交易。DRV 充币服务将于 10月 15日 18:00 开放，提币服务将于 10月 16日 20:00 开放。 据悉，Derive 是一个自托管加密交易平台，由 Derive Chain、Derive Protocol 与 Derive Exchange 三部分组成。Derive Chain 是基于 OP Stack 的 Optimistic rollup，以以太坊为主链提供结算层；Derive Protocol 部署于该链，实现无需许可、自托管的永续、期权与现货保证金交易；Derive Exchange 是中心化限价订单簿，负责撮合并结算至协议。
Derive Launches V3 Migration Proposal: Migrating V2 Positions and Balances to a zkVM Architecture Settled on Ethereum Mainnet
TechFlow The Derive community has released the "Launch Derive V3" proposal, planning to deploy and launch Derive V3. The new version will run on zkVM programs settled on the Ethereum mainnet, migrating Derive V2 accounts, balances, positions, rewards, native ETH, and ERC-20 assets held in wallets to the V3 genesis state. Upon completion of the migration, bridged funds will be transferred to L1 contracts, user wallets, or the relevant LayerZero OFTAdapter contracts, and Derive Chain will gradually shut down.
Bithumb Will List DRV KRW Trading Pair
According to the official announcement, Bithumb will list the DRV KRW trading pair.
Upbit 将上线 DRV 韩元、BTC 及 USDT 交易对
据官方公告，Upbit 将上线 DRV 韩元、BTC 及 USDT 交易对。
Coinbase to List MetaDAO (META) and Derive (DRV)
Coinbase announced that spot trading for MetaDAO and Derive will go live on May 27, 2026. The META-USD and DRV-USD trading pairs will open at or after 9:00 a.m. PT—subject to meeting liquidity conditions—and will officially launch in supported regions.
Related news
A Year in Strong Tokens: Only 3 Categories Outperformed Bitcoin, AI and Privacy Sectors Rose Against the Trend
Odaily reports: DeFi researcher Ignas published a roundup of strong tokens for the year, noting that since the start of the year only three categories of tokens—trading, AI, and privacy—have outperformed Bitcoin, among which:1. Trading-related tokens have been the most outstanding performers: DRV gained 665%, HYPE rose 200%, PUMP rose 121%, and RAY rose 106%. The rally logic for these tokens is that speculative trading generates fee revenue for the protocols, which then support token value through buyback mechanisms.2. Among AI-related tokens, VVV rose 1431%, NEAR rose 203%, and GRASS rose 151%;3. Among privacy-related tokens, ZEC rose 137% and XMR rose 37%.In addition, Ignas also mentioned QNT and MORPHO in the institutional adoption narrative, which rose 173% and 89% respectively. However, aside from the above categories, most tokens have performed poorly this year. Finding tokens with strong revenue-generating capacity is currently a relatively easy trading approach to grasp.
Bybit Launches DRV Perpetual Contract Today
Bybit today added the Derive (DRVUSDT) perpetual contract, supporting up to 20x leverage.
Macro Risks Suppress Bitcoin Bullish Sentiment, Probability of Reaching $100K by Christmas Falls Below 10%
the crypto market is caught in a tug-of-war between bulls and bears: on one hand, digital asset analysts remain bullish; on the other hand, the speculative market as a whole is turning defensive, with risk appetite under continued pressure. Bitcoin briefly fell below $80,000 for the first time in nearly a month. Dragged down by the sell-off in the U.S. stock market's AI sector, risk assets broadly retreated, and the bullish sentiment the crypto market had previously attempted to rebuild was once again undermined.Jeff Anderson, head of STS Digital's U.S. division, said inflation data will "deal a severe blow to risk appetite," while the market is entering a quiet period ahead of the Federal Reserve's policy meeting, with rate expectations still shrouded in uncertainty. Nick Forster, founder of Derive.xyz, said that over the past 24 hours, the market-implied probability of Bitcoin reaching $100,000 by Christmas dropped 2.8 percentage points to 9.7%. He noted that the rapid retreat of long-term bullish bets and the surge in short-term hedging demand indicate that institutional participants are rapidly reassessing macro risk exposure as the interest rate outlook once again becomes murky. (Bloomberg)
HTX will list DRV (Derive) on October 15 at 20:00.
据官方公告，火币 HTX 将于 10月 15日 20:00（UTC+8）开放 DRV/USDT 现货交易和网格交易。DRV 充币服务将于 10月 15日 18:00 开放，提币服务将于 10月 16日 20:00 开放。 据悉，Derive 是一个自托管加密交易平台，由 Derive Chain、Derive Protocol 与 Derive Exchange 三部分组成。Derive Chain 是基于 OP Stack 的 Optimistic rollup，以以太坊为主链提供结算层；Derive Protocol 部署于该链，实现无需许可、自托管的永续、期权与现货保证金交易；Derive Exchange 是中心化限价订单簿，负责撮合并结算至协议。
DRV saw unusual movement on Upbit: surged 300% in 10 minutes, briefly touching 1,600 KRW
According to MLM monitoring, DRV showed unusual activity on Upbit, surging 300% within 10 minutes and briefly hitting 1,600 KRW (approximately $1.15) before later pulling back.
Derive Launches V3 Migration Proposal: Migrating V2 Positions and Balances to a zkVM Architecture Settled on Ethereum Mainnet
TechFlow The Derive community has released the "Launch Derive V3" proposal, planning to deploy and launch Derive V3. The new version will run on zkVM programs settled on the Ethereum mainnet, migrating Derive V2 accounts, balances, positions, rewards, native ETH, and ERC-20 assets held in wallets to the V3 genesis state. Upon completion of the migration, bridged funds will be transferred to L1 contracts, user wallets, or the relevant LayerZero OFTAdapter contracts, and Derive Chain will gradually shut down.