# Derive (DRV): crypto price, market cap and strength versus Bitcoin > Derive (DRV) closed at $0.346 on 4 November 2026, with a market capitalisation of $338.6M (rank 125). On 30 October 2026 it was above its 200-day average of $0.172, which is rising. Over 90 days it is 189 percentage points ahead of Bitcoin. Layer 2 as a theme is +22.4% against Bitcoin over 13 weeks. Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms ## What is Derive (DRV)? Derive (DRV) is a crypto token that CoinGecko lists under smart contract platform, decentralized finance (DeFi) and derivatives. We place it in the Layer 2 theme, with 45 coins. Its highest daily close since 17 January 2025 was $0.5382 on 10 October 2026; its lowest was $0.01634 on 6 April 2025. ## Agent research brief - What this coin is: Derive (DRV), a Layer 2 token of $338.6M at market-cap rank 125. Recent on-chain figures are sourced from DefiLlama. - What the tape says: 189 percentage points ahead of Bitcoin over 90 days; above its 200-day average. Layer 2 as a theme is +22.4% against Bitcoin over 13 weeks. - What the evidence supports: Nothing is ranked for Derive this week: No traded volume is reported on most of the last 30 days, so it has no liquidity reading. - What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Derive publishes no fee, revenue, TVL or user series at all. Theme: Layer 2 (/crypto/sector/layer-2). Price 2026-11-04; market-cap snapshot 2026-11-04. ## Price, returns and risk Derive is +852.6% over one year, +212.3% over 90 days and -14.5% over 30 days. Annualised 30-day volatility is 131%. Its deepest fall from a high inside the last 90 days is 40%. It trades above its 200-day average, which is rising. - Price: $0.346 - Market cap: $338.6M (rank 125) - Returns: 7d -12%; 30d -15%; 90d +212%; 180d +274%; 1y +853% - Versus Bitcoin, 90d: +189 pts (percentage points: its return minus Bitcoin's) - 30-day volatility: 131% annualised; deepest 90-day fall 40% - 200-day average: $0.172, trading above it ## Protocol economics Derive has no complete calendar-quarter series on file yet, so no quarterly chart is drawn. DefiLlama does publish recent daily figures for it, and the last 30 and 90 days are shown below with their end date. Network activity is evidence about the protocol, not earnings owed to the token. ## Research score Derive is NOT RATED this week. No traded volume is reported on most of the last 30 days, so it has no liquidity reading. No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built. ## Layer 2 scorecard Derive is one of 45 Layer 2 coins here, 34 of which carry enough evidence to be rated and ranked. Derive is not among them this week, for the reason stated above. The table below is the theme's own scorecard, in its own order, with this coin marked. - 1. POL (ex-MATIC) (POL): score 77.2; evidence 93%; Thinly traded - 2. Prom (PROM): score 66.7; evidence 50%; Price-led, little network data - 3. Merlin Chain (MERL): score 66.2; evidence 55%; Thinly traded - 4. PHALA (PHA): score 60.7; evidence 50%; Price-led, little network data - 5. Sophon (SOPH): score 60.4; evidence 50%; Thinly traded - 6. Optimism (OP): score 58.9; evidence 100%; Mixed - 7. Nervos Network (CKB): score 58.4; evidence 50%; Thinly traded - 8. Treasure (MAGIC): score 58.1; evidence 43%; Thinly traded - 9. Stacks (STX): score 56.4; evidence 43%; Thinly traded - 10. MegaETH (MEGA): score 55.5; evidence 43%; Thinly traded - 11. Celo (CELO): score 55.4; evidence 90%; Thinly traded - 12. Metal DAO (MTL): score 55.1; evidence 50%; Thinly traded - 13. Cartesi (CTSI): score 52.6; evidence 50%; Thinly traded - 14. ZKsync (ZK): score 49.4; evidence 93%; Thinly traded - 15. Lumia (LUMIA): score 48.8; evidence 50%; Thinly traded - 16. Hermez Network (HEZ): score 47.8; evidence 50%; Thinly traded - 17. Saakuru (SKR): score 47.1; evidence 12%; Thinly traded - 18. Orderly (ORDER): score 45.5; evidence 55%; Thinly traded - 19. Aztec (AZTEC): score 45; evidence 50%; Price-led, little network data - 20. Linea (LINEA): score 44.9; evidence 100%; Behind most - 21. Lisk (LSK): score 44.3; evidence 100%; Behind most - 22. Aevo (AEVO): score 42; evidence 50%; Thinly traded - 23. Status (SNT): score 42; evidence 50%; Thinly traded - 24. AltLayer (ALT): score 41.7; evidence 43%; Thinly traded - 25. Immutable (IMX): score 40.3; evidence 48%; Thinly traded - 26. Metis (METIS): score 39.8; evidence 84%; Thinly traded - 27. COTI (COTI): score 37.3; evidence 50%; Price-led, little network data - 28. BSquared Network (B2): score 34.8; evidence 55%; Thinly traded - 29. Capx AI (CAPX): score 33.5; evidence 50%; Thinly traded - 30. OpenLedger (OPEN): score 33.4; evidence 43%; Thinly traded - 31. Taiko (TAIKO): score 32.1; evidence 94%; Thinly traded - 32. Loopring (LRC): score 31.7; evidence 55%; Thinly traded - 33. Islamic Coin (ISLM): score 31.5; evidence 50%; Thinly traded - 34. Manta Network (MANTA): score 24.9; evidence 100%; Thinly traded - , . Derive (DRV) [this coin]: score not rated; evidence 0%; Not rated ## Limitations - Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders. - Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag. - No valuation band exists for any coin: historical market capitalisation is not held at all. - Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred. - The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal. ## FAQs ### What is Derive (DRV)? Derive (DRV) is a crypto token that CoinGecko lists under smart contract platform, decentralized finance (DeFi) and derivatives. We place it in the Layer 2 theme, with 45 coins. Its highest daily close since 17 January 2025 was $0.5382 on 10 October 2026; its lowest was $0.01634 on 6 April 2025. ### What is the market cap of Derive? Derive's market capitalisation is $338.6M, ranking it 125 in the top-1,000 crypto universe, read on 4 November 2026. It is refreshed separately from the daily price. ### Is Derive beating Bitcoin? Over 90 days Derive is 189 percentage points ahead of Bitcoin: its own return minus Bitcoin's. Its theme, Layer 2, is +22.4% against Bitcoin over 13 weeks. Derive trades above its 200-day average as of 4 November 2026. ### What is Derive's highest price? The highest daily close we hold for Derive is $0.5382, on 10 October 2026, in records from 17 January 2025. The lowest is $0.01634, on 6 April 2025. The close on 4 November 2026, $0.346, is 36% below that high. ### Does Derive have a P/E ratio? No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead. ### Why is Derive not rated? No traded volume is reported on most of the last 30 days, so it has no liquidity reading. It stays on the site with its price history visible, because a missing reading is not a middling reading and a made-up score would be worse than none. ### How much Derive history does this page show? Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Derive actually publishes. No complete quarterly series is on file for this token yet; DefiLlama's last 30 and 90 days are shown instead. ### How much did Derive earn in the last 30 days? In the 30 days to 30 October 2026, DefiLlama shows $549.6K of fees and $452.7K of protocol revenue for Derive. Over 90 days: $1.7M of fees and $1.4M of revenue. Fees are what users paid; revenue is the part the protocol keeps.