# Derive (DRV): D-Score 28/100 — Centralized Leaning

**BlockIndex D-Score: 28/100 (Centralized Leaning).** Derive (DRV) is a Layer 2 cryptocurrency using Other consensus. Derive: Onchain derivatives protocol token supporting options, perpetuals, structured products, and multi-network DeFi market access.

_Source: https://blockindex.ai/coin/drv · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 28 |
| Node distribution | 0 |
| Initial distribution | 0 |
| Governance | 21 |
| Age and history | 7 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Other (2024)
- Founder: N/A
- VC funded: No
- Max supply: 1,500,000,000
- Circulating: 737,529,683 (49.2%)

## Market data (as of 2026-06-19)
- Price: $0.09
- Market cap: $68.92M
- 24h volume: $105,158.03
- 24h change: -2.74% · 7d change: -10.10%

## About
Derive is an onchain decentralized derivatives protocol represented by the DRV token. The project focuses on options, perpetuals, and structured products, giving users access to advanced financial instruments through blockchain-based infrastructure. The supplied data describes Derive as having launched in January 2024, followed by a token identity transition from Lyra (LYRA) to Derive (DRV) on August 28, 2024. DRV became more visible through market-data resources in early 2025, with token profile, contract, supply, analytics, governance, and explorer metadata appearing across tracking platforms. Its official web presence is derive.xyz, and its public source-code organization is hosted at github.com/derivexyz.

Technically, DRV is not an independent layer-1 blockchain and does not operate its own proof-of-work, proof-of-stake, validator, or UTXO network in the supplied material. It is best classified as a layer-2 or token-based asset whose consensus security is inherited from parent networks. The available contract and explorer data show DRV visibility across Ethereum, Base, Arbitrum One, and Optimism, with Ethereum identified as the primary parent chain for token-standard classification. Block explorer coverage includes Etherscan, Optimistic Etherscan, Arbiscan, Basescan, Ethplorer, Arkham, and Derive's own explorer, allowing users to inspect token contracts, transfers, addresses, and protocol-specific activity across supported networks.

Derive's core use case is decentralized access to derivatives markets. The protocol supports options, perpetuals, structured products, composability, interoperability, and a modular risk engine framework for customized risk management strategies. The supplied timeline highlights an Ethena partnership announced in November 2023, integrating USDe and sUSDe stable assets into the platform, and a major adoption milestone on March 10, 2026, when Derive's open interest surpassed $1 billion, with Bitcoin options driving a large share of activity. Wallet support is broad for a tokenized DeFi asset, including Ledger, Electrum, MEW, Argent, MetaMask, Phantom, and Chrome extension support. Exchange availability includes Coinbase Exchange, Kraken, Coinbase, Bybit, Bitget, Aerodrome venues, Uniswap, and dYdX, with DRV/USD identified as the available trading pair in the provided data.

DRV has a maximum and total supply of 1,500,000,000 tokens. The DScore extraction section listed circulating supply as 999,802,624 DRV, while the events section also referenced an earlier circulating-supply listing of 737.52 million DRV on January 15, 2025. Using the DScore-critical supply data, circulating supply is roughly two-thirds of the maximum supply. The all-time high in the supplied data was $0.2283 on January 15, 2025, and the all-time low was $0.01244 on April 7, 2025. No ICO, public-sale percentage, premine allocation, venture-capital allocation, mined block reward, staking reward, or ongoing block reward development fund was found in the supplied master summary, so distribution fields are treated conservatively as unknown or defaulted according to the extraction rules.

Governance and organizational details remain limited in the supplied data. No CEO, controlling company or foundation, DAO mechanism, token-voting system, community-governed treasury, or formal governance model was identified in the DScore extraction. The project does have open-source signals through its GitHub organization, and the available infrastructure resources include the official website, GitHub, CoinGecko API access, a DRV circulating supply endpoint, and a risk engine framework. No DRV-specific hacks, exploits, chain freezes, network halts, regulatory actions, lawsuits, bans, or enforcement events were present in the supplied material. The project roadmap implied by the available data centers on expanding onchain derivatives access, maintaining multi-network token visibility, and deepening liquidity and adoption across centralized and decentralized venues.

## Links
- Website: https://derive.xyz/
- Whitepaper: N/A
- GitHub: https://github.com/derivexyz

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore