Derive (DRV)
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Derive recently rose amid renewed investor interest following its V3 upgrade plan, alongside token buybacks and staking activity. Reports also point to stronger trading activity and improving on-chain metrics, though the available information doesn’t establish a single definitive cause for the rally.
- 1. https://coinmarketcap.com/cmc-ai/derive/price-analysis/
- 2. https://www.investeren24.nl/cryptomarkt-in-rood-maar-drv-verrast-met-sterke-rally/
- 3. https://coinmuhendisi.com/blog/bu-altcoin-yuzde-40-yukseldi-surpriz-guncelleme/
- 4. https://blockchainmagazine.com/breaking-news/breaking-drv-surges-2026-03-16/
- 5. https://ambcrypto.com/derive-up-40-after-v3-upgrade-plan-but-will-this-help-drv-hold-its-ath/
- 6. https://www.bitcoininsider.org/article/305079/why-derive-drv-price-going-upbit-and-bithumb-listings-fuel-52-rally
- 7. https://cryptonews.net/news/analytics/33453948/
- 8. https://cryptoperiscope.com/coin/drv
- 9. https://nrccfpp.org/article/cryptocurrency-price-predictions-derive-cardano-and-bitcoin-june-29th-wrap-up
- 10. https://ecoplayhub.com/article/cryptocurrency-price-predictions-derive-cardano-and-bitcoin-june-29th-wrap-up
- 11. https://cryptonews.net/news/analytics/33569483/
- 12. https://bitcoinfoundation.org/news/analysis/derive-price-prediction-drv-crypto-surges-27-as-v3-goes-live/
- 13. https://cryptoguidegh.com/derive-drv-surges-more-than-60-in-24h-whats-behind-the-spike/
- 14. https://topjoyarena.com/article/cryptocurrency-price-predictions-derive-cardano-and-bitcoin-june-29th-wrap-up
- 15. https://ambcrypto.com/derive-crypto-price-prediction-can-drv-break-0-52-after-v3-launch/
- 16. https://dmcnews.org/prices/derive/
- 17. https://www.coinbase.com/price/derive
- 18. https://www.gate.com/blog/drv-surges-then-pulls-back-can-derive-institutional-expansion-and-token-buybacks-reshape-valuation-logic
- 19. https://alearesearch.io/reports/theses/derive
- 20. https://bitkan.com/price/derive
Last Updated: 10/10/2026 02:00 UTC
Unlock Schedule
Derive (DRV) Token Unlock & Vesting Schedule
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and distribution
DRV launched with a supply of one billion tokens, matching the earlier LYRA supply. Its initial distribution combined the LYRA migration with an airdrop for eligible users and partners. In 2025, a Derive governance proposal authorized an additional 500 million DRV for contributors, partnerships, market-making incentives, integrations, and development. That brought the total supply to 1.5 billion DRV. The proposal set different vesting terms for contributor and strategic allocations, spreading their release over time. (blog.derive.xyz)
What DRV does
Staking is the main way holders use DRV within governance. Staked tokens give holders voting power, which they can use directly or delegate to someone who votes on their behalf. Stakers can also receive rewards and qualify for lower fees on Derive’s spot, options, and perpetual trades. Trading and vault activity can earn token-based incentives under the protocol’s reward programs. (derive.xyz)
Derive also directs a governance-set share of protocol fees toward buying DRV. That policy links token purchases to activity on the trading platform. Governance proposals have changed the share over time, showing how token holders and delegates can adjust the project’s economic model as its needs change. (derive.xyz)
Assumptions
Derive launched with a documented one-billion-DRV supply and added 500 million through an October 2025 governance-approved mint. The chart dates the launch claim opening and the strategic allocation's published vesting terms; older allocation timelines and quarterly installment amounts include labeled estimates. Contributor transfers depend on individual vesting and market conditions, while actual reward payments, treasury spending and cumulative burns remain unresolved. These undated amounts are recorded but are not presented as observed monthly releases.
- Migrated LYRA and previously vested launch allocation: Only secondary sources describe the timing, so it is not confirmed.
- Launch airdrop: Only secondary sources describe the timing, so it is not confirmed.
- Ecosystem and community: Releases depend on future governance or treasury decisions.
- DRV Launch Program first-week reward pool: Releases depend on recipients claiming tokens or on grants being awarded.
- DAO-funded DRV staking rewards: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- DAO-funded DRV staking rewards: Emission continues with no published future rate or end date.
- DAO-funded trading and liquidity rewards: Releases depend on future governance or treasury decisions.
- Continuing and future core contributors from the strategic mint: Releases depend on recipients claiming tokens or on grants being awarded.
- 1. https://insights.derive.xyz/drv/
- 2. https://resources.cryptocompare.com/asset-management/18324/1737022065598.pdf
- 3. https://assets-cms.kraken.com/files/51n36hrp/facade/81c96200eef81aed031f90394e0b98c27f7cd180.pdf
- 4. https://gl.app/dao/derivexyz.eth/proposals/0x687f7d236a154b3d1ac93a09bc9fcff9496f44623eec65eea56b8ea6648f995c
- 5. https://blockworks.com/token-transparency/filing/derive
- 6. https://app.tokenomics.com/tokenomics/derive
- 7. https://insights.derive.xyz/drv-launch-program/
- 8. https://insights.derive.xyz/derive-x-ethena/
- 9. https://governance.alearesearch.io/item/cdb5099b-0882-4da1-87a0-e7ccdf5a0e92
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Not yet scheduled: 224,470,232 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Not yet scheduled: 205,864,079.291 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.