Derive says it is a website where people trade crypto options directly on a blockchain. Its pages make no dated promises we could check. It trades at $0.1402, #218 of all coins by size, 39% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #2 of 7 options. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: cheaper transactions on top of another chain
- ✓Real backingBacking: trades on Coinbase, Kraken, Upbit
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $140.15M, 68 times smaller than Rain, the biggest coin within reach doing the same thing (Options)
Listed on 3 big exchanges
- Origin14 January 2025about about 20 monthsderive.xyz, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorListed on Coinbase, Kraken, Upbit
- Standing on the recordNo recordNo dated promise to judge yet13 headlines last month, 1 about government4,090 people keep it on a CoinGecko watchlistNo corrections needed so far
It is already worth more than the typical coin in Options ($6M). To match the leader, Rain ($9.52B), its price would need to rise 6691%, to about $9.52.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- No named investor among its tags
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Cheaper transactions on top of another chain
72 coins tagged Layer 2 (L2), worth $8.84B together. #8 of 72 by worth.
Options: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Derive$140.15Mthis coin−1.6%67% outnone dated
Rain$9.52B67.9× bigger, +$9.38B−11.2%, gap −9.662% outno record
Hegic$16.27M8.6× smaller, −$123.88M−2.3%, gap −0.7100% outno record
Strike$8.74M16.0× smaller, −$131.41M−5.0%, gap −3.572% outno record
Thetanuts Finance$3.26M43.0× smaller, −$136.89M+0.2%, gap +1.732% outno record
HXRO$2.89M48.5× smaller, −$137.26M−3.3%, gap −1.7no maxno record
Ribbon Finance$1.49M94.1× smaller, −$138.66M7% outno record
Options: this coin next to Rain, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Derive says
- Derive says it is a website where people trade crypto options directly on a blockchain.
- Rain says
- Rain is a decentralized options protocol built on Arbitrum.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Derive says it is a website where people trade crypto options directly on a blockchain.
Its listing puts it this way: Derive is a decentralized protocol that creates programmable onchain options, perpetuals, and structured products. Derive is deployed and operates on Derive Chain, an Ethereum rollup built using the OP stack and is the home of the Derive Protocol.
Problem it says it solves: cheaper transactions on top of another chain. 72 coins are working on it and together they are worth $8,839,919,541. This coin is 2% of that.
Where it trades: Coinbase, Kraken, Upbit, OrangeX, Hyperliquid
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Options: this coin next to the group's largest, Rain.
| Derive | Rain | |
|---|---|---|
| Years trading | 2 years | 1 year |
| Major exchanges | 3 | 1 |
| Named backers | 0 | 0 |
| Headlines, last month | 13 | 44 |
| Promises delivered | no record | no record |
What it says is different: Derive is a decentralized protocol that creates programmable onchain options, perpetuals, and structured products. Derive is deployed and operates on Derive Chain, an Ethereum rollup built using the OP stack and is the…
It is 1.5% the size of Rain, and the facts above do not show why. For that gap to close, the record would need deliveries showing up in its record. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $0.2283 on 14 January 2025. Today is 61% of that.
67%
of all DRV that will ever exist is already out in public hands: 999.71M coins.
33% (500.29M coins) is already created but not in public hands, held by the project or locked in escrow. That is a large share, though not a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 999.71M of 1.5B.
- 500.29Mcoins still to be released, 33% of the maximum. Releases can add selling pressure.
- 1.5×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $0.2283 on 14 January 2025. That is −38.6% from the top.
- #218by market cap, $140,146,927.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Headlines per day, last 30 days
13 headlines named this coin in the last month.
What they were about
- Regulation1
- Price1
- Upgrade1
- Analysis-Bitcoin’s late summer rally set to face off against the Fed, CongressGovernmentUpcoming
- Fidelity pushes $50M FIDD into on-chain finance
- No Roadmap, No Utility, No Problem: How Does Pepe (PEPE) Derive Value Without a Product?Upcoming
- Fidelity Warns Bitcoin's Private Keys Face Future Quantum Risk
- Derive Rich List — Top 100 Holders & Distribution Chart
- Derive’s Record Month
- StarkWare Quantum Bitcoin Transaction: First Quantum-Resistant BTC Transaction Hits MainnetUpcoming
- Anonymous coder hides Bitcoin puzzle in Satoshi's genesis block
- Flare (FLR) Gains 5% Amid DeFi News, Improved Tokenomics
- XRP holders can now trade options on Derive usi...
- XRP Holders Can Now Trade Options. Here’s how
- Upbit Lists Derive Token with KRW, BTC, and USDT Pairs - The Cryptonomist
- Upbit lists Derive’s DRV token with KRW, BTC, and USDT pairs - Crypto Briefing
13 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
Derive says it is a website where people trade crypto options directly on a blockchain.
“Derive is bringing institutional-grade crypto options execution onchain.”source · snapshot · captured 2026-09-10
Live. The record does not yet cite when this stage began.
No dated or committed promises have been recorded yet.
No public code repository is listed in this record.
The project's blog-1 page last changed on 14 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.