About Deri Protocol
Deri is a decentralized protocol for users to exchange risk exposures precisely and capital-efficiently. It is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. This is achieved by liquidity pools playing the roles of counterparties for users. With Deri protocol, risk exposures are tokenized as NFTs so that they can be imported into other DeFi projects for their own financial purposes. Having provided an effective on-chain mechanism to exchange and hold risks, Deri protocol has minted one of the most important blocks of the DeFi infrastructure.
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Trading Insights
Searched
3
Market Stats
Market Cap
$890.00K
-6.29%
FDV
$3.49M
Circ. Supply
125M DERI
Max Supply
489M DERI
Total Supply
483M DERI
Diluted Valuation
$3.41M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$92.40K
-6.03%
Volume (7D)
$655.68K
Volume (30D)
$3.47M
All time high
$3.77
Price Change (1Y)
-67.82%
Additional details
Market details
DERI vs markets
↘ 80.32%
DERI vs BTC
↘ 82.13%
DERI vs ETH
↘ 72.35%
Tags
platform
ai-big-data
collectibles-nfts
decentralized-exchange-dex-token
+5
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xA487bF43cF3b10dffc97A9A744cbB7036965d3b9 | |
BNB Smart Chain | 0xe60eaf5A997DFAe83739e035b005A33AfdCc6df5 | |
Huobi ECO Chain | 0x2bdA3e331Cf735D9420e41567ab843441980C4B8 | |
Arbitrum | 0x21E60EE73F17AC0A411ae5D690f908c3ED66Fe12 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0073 | ↘ 5.05% |
1 Day | $0.0075 | ↘ 5.05% |
1 Week | $0.0039 | ↗ 82.87% |
1 Month | $0.0041 | ↗ 74.30% |
1 Year | $0.0220 | ↘ 67.82% |
Coinbase insights
Recent trends
The latest DERI price is $0.0073. Compared to Deri Protocol's value of $0.01 from 24 hours ago, there's been a -5% decrease, while the current price is 83% up from $0.00 which was recorded one week ago. Deri Protocol's all time high is $3.77, which was reached on February 12, 2021. This is a -100% change from its price today.
The current circulating supply of Deri Protocol is 124,695,829. This is 25% of its max supply of 489,273,615 DERI and 26% of its total supply of 483,012,979. The market cap is currently $890.00K, which is a result of multiplying the current price of Deri Protocol($0.01) by the total supply(483,012,979 DERI). The fully diluted valuation of Deri Protocol is $3.49M. The diluted valuation of Deri Protocol is $3.49M.
FAQ
The Deri protocol is a group of smart contracts deployed on the Ethereum blockchain. The users’ position on the platform is calculated with mark price, ensuring precision position. Such positions are tokenized as non-fungible tokens (NFTs) that can be held, transferred, or imported into any other DeFi projects for their financial purposes. Moreover, the Deri protocol is simple and is made for an easy-to-use trading process. The protocol also defines a game called ‘lego gameplay’ for DeFi projects.
Deri is the short form of Derivative. As the name suggests, the Deri protocol facilitates people to trade derivatives. According to the project’s whitepaper, a derivative is a contract that derives its value from the performance of an underlying asset or an entity. Derivatives can be used for several purposes, such as insuring against price movement or accessing hard-to-trade assets or the marketplace. According to the project’s documents, Deri Protocol is a decentralized finance (Defi) way to trade derivatives on the blockchain network.
According to its whitepaper, exchanging the risk exposure is one of the core functions of finance, including borrowing and lending. The centralized exchange (CEX) already serves the purpose of exchanging risk exposure in the crypto world. But CEX is not organic with the blockchain and cannot directly interact with other on-chain activities, thus fulfilling the purpose partially. Therefore, the Deri protocol is designed with all such defi features.
Deri token is the native cryptocurrency of the Deri protocol and is denoted by its ticker name DERI. The token is used as a governance token on the platform based on ERC-20 token standards. The token allows the community to share the ownership and dedicate themselves to the protocol’s governance. The DERI token is also used as a fee token as it is distributed to the users who intend to provide liquidity to the protocol.
The whitepaper of the project was released in December 2020. 0xAlpha (CEO) and Richard (CTO) are the project’s co-founders. Other members of the team include Jason, Janice, and Daniel. The total supply of DERI tokens is one billion coins.
We update our Deri Protocol to USD currency in real-time. Get the live price of Deri Protocol on Coinbase.
The current market cap of Deri Protocol is $890.00K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Deri Protocol is $3.77. This all-time high is highest price paid for Deri Protocol since it was launched.
Over the last 24 hours, the trading volume of Deri Protocol is $92.40K.
Assets that have a similar market cap to Deri Protocol include Ferro, v.systems, Everton Fan Token, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Deri Protocol is 125 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Deri Protocol news
Trending articles
Social stats
Popularity in posts
#3775
Contributors
8
Posts
19
% About Deri Protocol
0.002%
Hold times
0 days
X (Twitter)
64.89% bullish
Sentiment
5.0 ★
Highlights
8 unique individuals are talking about Deri Protocol and it is ranked #3,775 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Deri Protocol has an average sentiment score of 100 out of 5. Finally, Deri Protocol is becoming less newsworthy, with 0 news articles published about Deri Protocol.
On Twitter, people are mostly bullish about Deri Protocol. There were 64.89% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Deri Protocol. 35.11% of tweets were neutral about Deri Protocol. These sentiments are based on 17 tweets.
On Reddit, Deri Protocol was mentioned in 1 Reddit posts and there were 0 comments about Deri Protocol. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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