Deri Protocol logo

Deri Protocol

DERI

Trade Deri Protocol on DEX

Deri Protocol can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.

Market

Market stats

Market cap

$2.3M

Volume (24h)

$72,146.28

Circulating supply

124.7M DERI

All time high

$3.77

Price change (1h)

-0.11%

Price change (24h)

+2.89%

Price change (7d)

-5.2%

About Deri Protocol

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.

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to Deri Protocol in market cap.

Advanced trading

Here is a selection of spot and futures markets that people watch

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Deri Protocol is on the decline this week.

The price of Deri Protocol has decreased by 0.11% in the last hour and increased by 2.89% in the past 24 hours. Deri Protocol’s price has also fallen by 5.20% in the past week. The current price is $0.0185 per DERI with a 24-hour trading volume of $72.15K. Currently, Deri Protocol is valued at 99.51% below its all time high of $3.77. This all-time high was the highest price paid for Deri Protocol since its launch.

The current circulating supply of Deri Protocol is 124,695,829 DERI which means that Deri Protocol has as total market cap of 124,695,829.

FAQ

What is the current price of Deri Protocol?

We update our Deri Protocol to USD currency in real-time. Get the live price of Deri Protocol on Coinbase.

What is the market cap of Deri Protocol?

The current market cap of Deri Protocol is $2.32M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Deri Protocol?

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.

What is the 24 hour trading volume of Deri Protocol?

Over the last 24 hours, the trading volume of Deri Protocol is $72.15K.

What other assets are similar to Deri Protocol?

Assets that have a similar market cap to Deri Protocol include UPCX, KickToken, Modefi, and many others. To see a full list, see our comparable market cap assets.

How many Deri Protocol are there?

The current circulating supply of Deri Protocol is 125 million.

Can I buy Deri Protocol on Coinbase?

Yes, Deri Protocol is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy Deri Protocol guide.

Discover ENS Profiles

Navigate the world of Ethereum Name Service (ENS) profiles. Connect, learn, and engage with the web3 community on profile.coinbase.com. Check out some of the most popular ENS profiles below.