What is Derive (DRV)?

Derive (DRV) is a cryptocurrency that operates within the Ethereum ecosystem and is associated with various platforms, including Base, Optimism, and Arbitrum.

What are the risks associated with transferring Derive?

Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets. Self-custody requires secure handling of private keys.

How can I verify the acquisition of Derive?

Verify the asset name, network, and contract details before transferring. Ensure the destination address is correct before sending assets.

Where can I find official resources for Derive?

Official resources for Derive can be found on their website at https://www.derive.xyz/ and their whitepaper at https://www.derive.xyz/files/v2-whitepaper.pdf.

Derive (DRV)

Rank #255

Market snapshot

Price: $0.09835
Market cap: $72.5M
24h volume: $3.5M
Circulating supply: 737,529,683
Total supply: 1,500,000,000
Max supply: 1,500,000,000

What is Derive?

Derive is a cryptocurrency that operates primarily on the Ethereum blockchain. It is categorized under various sectors such as DeFi and derivatives. Derive aims to provide users with innovative solutions within these domains, leveraging the capabilities of the Ethereum network and its associated platforms.

Key information

Symbol: DRV
CMC rank: #255
Network / platforms: Arbitrum, Base, Ethereum, Optimism
Categories: N/A
Date added: Jan 14, 2025

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Arbitrum
0x77b7787a09818502305C95d68A2571F090abb135
Base
0x9d0E8f5b25384C7310CB8C6aE32C8fbeb645d083
Ethereum
0xB1D1eae60EEA9525032a6DCb4c1CE336a1dE71BE

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Derive (DRV)?: Derive (DRV) is a cryptocurrency that operates within the Ethereum ecosystem and is associated with various platforms, including Base, Optimism, and Arbitrum.
What are the risks associated with transferring Derive?: Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets. Self-custody requires secure handling of private keys.
How can I verify the acquisition of Derive?: Verify the asset name, network, and contract details before transferring. Ensure the destination address is correct before sending assets.
Where can I find official resources for Derive?: Official resources for Derive can be found on their website at https://www.derive.xyz/ and their whitepaper at https://www.derive.xyz/files/v2-whitepaper.pdf.

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