Derive DRV

What DRV actually is on-chain

Derive is an ERC-20 deployed on Ethereum, at contract address 0xB1D1eae60EEA9525032a6DCb4c1CE336a1dE71BE. That address, not the ticker DRV, is what uniquely identifies this asset: anyone can deploy a second token calling itself DRV, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, DRV is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in DRV itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For DRV the project publishes a whitepaper, a public source repository and an active account as @derivexyz. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where DRV sits in the market

#324 places Derive in the middle of the mid-cap band. This is where continuous two-sided quoting stops being guaranteed. DRV still prints regularly, but the depth behind each print thins out through the session, and the same order that barely registers in the morning can set the day's high in a quieter hour.

CryptoPingAi is currently streaming 2 live DRV order books (Gate.io, HTX). That is thinner coverage than a #324 ranking would normally imply — a move on one of these books is close to the whole market for DRV, with no deep second venue to arbitrage it back. None of the books we see for DRV are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

DRV against its all-time high

DRV is trading within 43.4% of its all-time high of $0.2283 (on 2025-01-15). This is price discovery: there is no overhead supply from earlier buyers and no horizontal resistance with any historical basis, because the asset has never traded here before. Support levels drawn from the chart are the only structure that exists, and momentum readings — an overbought oscillator, an exhausted volume profile — carry more information than any level you could draw above spot. That high was set roughly 2 years ago, recently enough that it still anchors how most current holders frame the asset.

DRV across its historical range

The recorded range runs 18.4x, from $0.0124 to $0.2283 — wide by the standards of traditional assets, moderate for this one's class.

Spot is about 26.3x above the all-time low of $0.0124 (on 2025-04-07) — a substantial recovery, but one where a meaningful share of the holder base still has a cost basis within the visible range rather than far beneath it.

DRV supply structure

DRV is capped at 1.50 billion DRV, of which only 999.8 million is circulating — 66.7% issued, leaving 500.2 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset DRV is

Derive is a decentralised exchange token. The economics are unusually legible for crypto: the protocol generates fees from trading volume, and the token's value proposition rests on whether it captures any of them. Volume on the underlying venue, the fee switch status and competitive pressure from other venues are the variables that actually matter — and DEX volume is itself highly cyclical, so revenue is not a stable base.

CoinGecko files DRV under 10 categories, including Decentralized Finance (DeFi), Derivatives, Options, Perpetuals, Arbitrum Ecosystem. CoinGecko also records deployments on Arbitrum (391 tracked tokens), Ethereum (3,072 tracked tokens), Optimism (125 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Derive alert that is worth receiving

Derive is the ERC-20 at 0xB1D1…71BE on Ethereum — quoted on 2 venues we stream — high dated 2025-01-15 — rank #324. On this profile the condition that carries signal is a two-sided price threshold beyond the recent band plus a 4-hour or daily RSI condition.

Full alert-design method: thresholds, RSI/MACD and volume conditions →