パフォーマンス
RD 人気指数
RD 成長指数
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 1.57% | 2.44% | 1.89% | 41.96% | 103.49% | 14.12% |
収益とバーン
プロトコル収益
$103.37K買い戻し資金
--バーン資金
--買い戻し比率
--プロトコル資金の推移
月次の金額と比率
| 期間 | プロトコル収益 | 買い戻し資金 | バーン資金 | 買い戻し比率 |
|---|---|---|---|---|
| Nov 2026 | $103.37K | -- | -- | -- |
| Oct 2026 | $459.64K | $171.77K | -- | 37.4% |
| Sep 2026 | $515.19K | -- | -- | -- |
| Aug 2026 | $433.87K | -- | -- | -- |
| Jul 2026 | $390.54K | -- | -- | -- |
| Jun 2026 | $495.44K | -- | -- | -- |
比較
トケノミクス
進行状況のロックを解除する
データソース: 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.
トップホルダー
| ポジションの住所 | トークン | ポジション数 | 割合 | 価値 |
|---|---|---|---|---|
| 0xee90...84bc |   DRV | 437,889,447.49 | 29.19% | $135.41M |
| 0xcb9f...7d49 | DRV | 257,636,113.91 | 25.76% | $79.67M |
| 0xd21d...35ca | DRV | 251,656,757.86 | 16.78% | $77.82M |
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フォローリスト
キャラクター
Deriveについて
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（旧Lyra Finance）は、いくつかのマイルストーンを経て進化してきた。2024年、LyraはDeriveにリブランドし、AMMベースのオプションプロトコルから、独自のOP Stack L2上でCLOBベースのデリバティブプラットフォームへと移行した。2025年1月、DRVトークンはLYRAから1:1で移行してローンチされ、Ethena財団は助成金を提供するとともに、DRV供給量の5%をsENAステイカーに割り当てた。Derive DAOはDRVの公開市場での買い戻しを開始し、まず20万5,000ドルから始めた。2026年、UpbitはDRVを韓国ウォン、BTC、USDTペアで上場し、韓国の個人市場への参入を果たした。機関投資家によるイーサリアム準備金は急増し、Deriveは第4四半期に爆発的な可能性があると主張した。これらの出来事は、プロトコルアーキテクチャ、トークノミクス、ガバナンス、市場拡大といった構造的な変化を表している。
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（旧Lyra）は、Nick ForsterとJake Fitzgeraldによって共同設立されました。 Nick Forsterは共同設立者兼CEOです。彼は以前、Susquehanna International Group（SIG）で3年間、株式オプション・トレーダーとして勤務し、オプションのマーケットメイキングにおける深い専門知識を習得しました。シドニー大学で数学と経済学の学士号を取得しています。 Jake Fitzgeraldは共同設立者であり、元Head of Productです。彼は以前、シドニー大学とProject Academyで数学・経済学のチューターを務めました。また、KPMGで財務リスク管理のインターンシップを修了しました。注：LinkedInによると、Jakeは2026年2月にDeriveを退職しました。
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.