Derive
- Total value locked
- $194.6M-1.2% 24h
- TVL, 7 days
- -4.7%
- TVL, 30 days
- +15.0%
- Fees, 24h
- $20.51K
- Fees / TVL, annualised
- 3.8%
Derive holds $194.6M in total value locked across 5 chains, with its largest deployment on Base, which ranks it #144 among the DeFi protocols we track. In derivatives it ranks #3 of 51; the largest is Lighter with $767.7M. Its value locked is down 4.7% over seven days and up 15.0% over 30 days. Users paid $20.51K in fees over the last 24 hours; at that pace a year of fees would equal 3.8% of its TVL.
Deployed on
Value the protocol holds on each chain, largest first.
Largest derivatives protocols
Full sector| # | Protocol | TVL | 7d | 30d | Fees 24h |
|---|---|---|---|---|---|
| 1 |  Lighter | $767.7M | +4.1% | +20.9% | $68.26K |
| 2 |  GMX | $246.2M | +0.6% | +15.5% | $11.14K |
| 3 | Derive | $194.6M | -4.7% | +15.0% | $20.51K |
| 4 |  Extended | $122.1M | -3.6% | -6.1% | $18.93K |
| 5 |  dYdX | $108.1M | -1.9% | -2.2% | $1.07K |
| 6 |  edgeX | $61.39M | -5.7% | -11.5% | $31.61K |
| 7 |  AZverse | $52.10M | +0.2% | – | $75.42K |
| 8 |  Arcus | $37.96M | +15.6% | – | $34.84K |
TVL, fees and categories from DefiLlama, collected by the BitcoinValues data desk. Updated 4 Oct 2026, 18:23 UTC. Methodology