Early access·Soft launch — data analytics only (no order execution). Feeds may be partial. Not financial advice.Sources·Terms·Account
Resolving liquidity matrix...
Derive is a crypto options venue in the OptionsMatch catalog. On-chain options with long-dated + HYPE strength Fit 76/100 is a research score, not a broker ranking. Listed volume and open interest, when shown, come from named public feeds. OptionsMatch does not open accounts or place orders.
Options Match · Venue nodeSOLID ALTERNATIVERFQ / blocks 172 live quotes
Derive.
On-chain options with long-dated + HYPE strength
On-chain options + RFQ: maker often ~1 bps of notional; taker includes base + notional components with premium caps. $DRV governs the protocol with buyback / fee context — see Token tab.
On-chain options venue known for long-dated books, RFQ/blocks, and HYPE coverage. Distinct UX from CEX but strong for advanced and on-chain-native traders.
Research profile — fit is a research model, not a ranking. OptionsMatch does not open accounts. KYC and geo must be verified on the venue.
Derive scores 76/100 fit (research model, not a ranking) for crypto options desks — liquidity 70, product depth 80, tech/API 82. Settlement covers usdc; assets include BTC, ETH, SOL, HYPE. Fee shape: 1 bps maker / 4 bps taker. RFQ/block workflows available. On-chain options venue known for long-dated books, RFQ/blocks, and HYPE coverage. Distinct UX from CEX but strong for advanced and on-chain-native traders.
Trust / fit · research model
7.6/10
24h vol (edit.)
$45M
OI (edit.)
$900M
API quality
4/5
Margin
on-chain
Is Derive a fit for options?
Derive is profiled as an options venue (not a general spot CEX ranking). KYC: Wallet-first; frontend geo rules apply. Geo notes: Jurisdiction-dependent frontends. Margin model: on-chain — On-chain portfolio margin / collateral rules. Always verify product availability and eligibility on the venue site before trading.
Gap-fill from public DefiLlama options / fees / TVL adapters. CEX “TVL” is exchange assets, not options open interest. Holders revenue is the closest public proxy for fee share / buyback-adjacent accrual — not a guarantee of buybacks.
Derive is a decentralized protocol that creates unique and programmable onchain options, perpetuals, and structured products. Established 2021. Listed country: Cayman Islands. DefiLlama options vol 24h ~$918,740. DefiLlama TVL/assets ~$185,984,927.
Sources: CoinGecko identity, CoinMarketCap listed spot vol (last-good, never options OI), DefiLlama options/TVL/fees where mapped, and public venue REST for Thalex/Paradex chain depth. Cached under .data/venue-enrichment.json.
Availability is subject to regional licensing and KYC. Wallet-first; frontend geo rules apply
Fees at a glance: Catalog 1 / 4 bps maker/taker. Open the Fees tab for full product breakdown; Token tab for $DRV.Research approx: options maker ~1 bps notional; taker base+notional with ~12.5% premium cap. RFQ may differ. $DRV token — see Fees + Token tabs.
Volume 24h: $918.74K (DefiLlama options) · scores are transparent composites (research model, not a ranking). Venue stats · Token: $DRV (Token tab)
FAQ
Does OptionsMatch execute trades on Derive?
No. OptionsMatch is research-only. We do not execute orders, custody funds, or open accounts. “Trade on Derive” is an outbound /go hop with affiliate disclosure.
Are Derive geo notes legal advice?
No. Catalog geo notes are research, not legal advice: Jurisdiction-dependent frontends. Verify eligibility on Derive before funding.
Where do Derive fees come from?
Catalog snapshot 1 / 4 bps maker/taker. Figures are research snapshots from venue documentation — not a live book. Re-check official fee docs before size.
