Derive

Derive, a cryptocurrency, has experienced a dramatic 93% drop in value over the past year, but its market capitalization has recovered to $38 million, leaving its future uncertain and its potential for growth intriguing.

Derive, a cryptocurrency, has experienced significant fluctuations in value over the past year, with a 52-week high of $0.189379 and a 52-week low of $0.0122201, before recovering to its current price of $0.0241387.

Derive’s cryptocurrency market value is currently at $19.4 million, with a recent close price of $0.026449, reflecting significant volatility in the market.

Synthetix proposes a $27 million token swap to acquire Derive, a prominent crypto derivatives player, in a strategic move to unify their teams, tokens, and governance under a single ecosystem.

Synthetix, a leading Ethereum-based derivatives platform, has announced a $27 million acquisition of Derive, a prominent crypto options platform, in a token swap deal that could reshape the landscape of crypto derivatives.

As of May 11, 2025, Derive’s price stood at $0.0376082, with a market capitalization of approximately $26.7 million, reflecting a volatile period in the cryptocurrency market.