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About DRV and DAI
Derive is falling, while Dai is climbing this week. The current DRV to DAI conversion rate is 0.1163. Inversely, this means that if you convert 1 DAI you will get 8.60 DRV. The conversion rate of DRV/DAI has decreased by 1.4% in the last hour (DAI/DRV increased by 1.4%). In the last 24 hours, DRV/DAI shrunk by 4.06%, while DAI/DRV grew by the same amount.
The exchange rate of Derive is decreasing. The current value of 1 DRV is 0.1163 DAI. In other words, to buy 5 Derive, it would cost you 0.5814 DAI. Inversely, 1 DAI would allow you to trade for 8.60 DRV while 50 DAI would convert to 430.00 DRV, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 16%. Meanwhile, in the last 24 hours, the rate has changed by 5.04%, and that the highest exchange rate of 1 DRV to DAI was 0.1229 DAI and the lowest 24 hour value was 1 DRV for 0.1154 DAI. Last month, 1 DRV was worth 0.08633 DAI. Today, it's up 25.76%. Looking back a year, Derive has changed by 0.09131 DAI. That means that in a single year, the value of Derive has grown by 21.48%.
Derive Market Stats
Derive ($DRV) powers the Derive ecosystem, an onchain derivatives protocol for options, perpetuals, and structured products. DRV is used to coordinate governance, liquidity incentives, and ecosystem growth. Derive enables traders, market makers, and builders to create and access advanced financial products onchain - from yield strategies and hedging tools to leveraged speculation across digital assets.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
DRV to DAI values from Today at 1:20 am
0.5 DRV = 0.05814 DAI |
1 DRV = 0.1163 DAI |
5 DRV = 0.5814 DAI |
10 DRV = 1.16 DAI |
50 DRV = 5.81 DAI |
100 DRV = 11.63 DAI |
500 DRV = 58.14 DAI |
1,000 DRV = 116.28 DAI |
DAI to DRV values from Today at 1:18 am
0.5 DAI = 4.30 DRV |
1 DAI = 8.60 DRV |
5 DAI = 43.00 DRV |
10 DAI = 86.00 DRV |
50 DAI = 430.00 DRV |
100 DAI = 860.01 DRV |
500 DAI = 4,300.04 DRV |
1,000 DAI = 8,600.08 DRV |
DRV to DAI over time
DRV | Today | 24H -5.04% | 1M 25.76% | 1Y 21.48% |
|---|---|---|---|---|
0.5 DRV | 0.05814 DAI | 0.06107 DAI | 0.04316 DAI | 0.04565 DAI |
1 DRV | 0.1163 DAI | 0.1221 DAI | 0.08633 DAI | 0.09131 DAI |
5 DRV | 0.5814 DAI | 0.6107 DAI | 0.4316 DAI | 0.4565 DAI |
10 DRV | 1.16 DAI | 1.22 DAI | 0.8633 DAI | 0.9131 DAI |
50 DRV | 5.81 DAI | 6.11 DAI | 4.32 DAI | 4.57 DAI |
100 DRV | 11.63 DAI | 12.21 DAI | 8.63 DAI | 9.13 DAI |
500 DRV | 58.14 DAI | 61.07 DAI | 43.16 DAI | 45.65 DAI |
1,000 DRV | 116.28 DAI | 122.14 DAI | 86.33 DAI | 91.31 DAI |
Frequently asked questions
Right now, 1 Derive is worth about CA$0.1635.
Based on the current rate, you could get 6.12 DRV for 1 CAD.
Derive price has been declining. Since yesterday, the exchange rate of Derive has decreased. Since last month, the exchange rate of Derive has increased. Since this time last year, the price of Derive has increased.
You can use our DRV to CAD calculator at the top of this page to convert any amount of DRV to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 30.59 DRV. Inversely, 5 DRV will cost about CA$0.8174
Derive is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Derive.
There are a number of crypto assets that have the a similar or comparable market cap to Derive, including Circle Internet Group Tokenized Stock (Ondo), Meta tokenized stock (xStock), and Light. For a more robust list of assets to explore, jump to the asset page dedicated to Derive.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.