공연
RD 인기지표
RD 성장지표
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 2.32% | 12.93% | 2.43% | 19.54% | 92.00% | 14.12% |
수익 및 소각
프로토콜 수익
$77.85K바이백 자금
--소각 자금
--바이백 비율
--프로토콜 자금 추이
월별 금액 및 비율
| 기간 | 프로토콜 수익 | 바이백 자금 | 소각 자금 | 바이백 비율 |
|---|---|---|---|---|
| Nov 2026 | $77.85K | -- | -- | -- |
| Oct 2026 | $459.64K | $171.77K | -- | 37.4% |
| Sep 2026 | $515.19K | -- | -- | -- |
| Aug 2026 | $433.87K | -- | -- | -- |
| Jul 2026 | $390.54K | -- | -- | -- |
| Jun 2026 | $495.44K | -- | -- | -- |
비교
토큰 경제학
진행 상황 잠금 해제
데이터 소스: 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.
상위 보유자
| 보유 주소 | 토큰 | 보유 수량 | 비율 | 가치 |
|---|---|---|---|---|
| 0xee90...84bc |   DRV | 437,889,447.49 | 29.19% | $139.77M |
| 0xcb9f...7d49 | DRV | 257,636,113.91 | 25.76% | $82.24M |
| 0xd21d...35ca | DRV | 251,656,757.86 | 16.78% | $80.33M |
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인물
Derive 소개
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(구 Lyra Finance)는 여러 이정표를 거쳐 발전해 왔습니다. 2024년, Lyra는 Derive로 리브랜딩되며 AMM 기반 옵션 프로토콜에서 자체 OP Stack L2 상의 CLOB 기반 파생상품 플랫폼으로 전환했습니다. 2025년 1월, DRV 토큰이 LYRA에서 1:1 비율로 마이그레이션되어 출시되었고, Ethena 재단은 보조금을 제공하는 동시에 DRV 공급량의 5%를 sENA 스테이커에게 할당했습니다. Derive DAO는 205,000달러를 시작으로 DRV의 공개 시장 환매를 개시했습니다. 2026년, 업비트는 DRV를 KRW, BTC, USDT 거래 쌍으로 상장하며 한국 소매 시장 진출을 알렸습니다. 기관용 이더리움 보유량이 급증했으며, Derive는 폭발적인 4분기 잠재력을 주장했습니다. 이러한 사건들은 프로토콜 아키텍처, 토크노믹스, 거버넌스 및 시장 확장이라는 구조적 변화를 나타냅니다.
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(이전 명칭 Lyra)는 Nick Forster와 Jake Fitzgerald가 공동 창업했습니다. Nick Forster는 공동 창업자이자 CEO입니다. 그는 이전에 Susquehanna International Group(SIG)에서 3년간 주식 옵션 트레이더로 근무하며 옵션 시장 조성에 대한 깊은 전문성을 쌓았습니다. 시드니 대학교에서 수학과 경제학 학사 학위를 취득했습니다. Jake Fitzgerald는 공동 창업자이자 전 제품 책임자입니다. 그는 이전에 시드니 대학교와 Project Academy에서 수학 및 경제학 튜터로 활동했습니다. 또한 KPMG에서 재무 위험 관리 인턴십을 마쳤습니다. 참고: LinkedIn에 따르면 Jake는 2026년 2월에 Derive를 떠났습니다.
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.