Derive (DRV) surged more than 40% in the last 24 hours, with daily trading volume jumping over 463% to exceed $25 million. The altcoin hit a new ATH at $0.28 before retracing to $0.24 at press time. The v3 upgrade plans to move custody to Ethereum mainnet and split risk books to enable faster listings of real-world assets (RWAs) and altcoins. Key catalysts include 35% of protocol fees being used for token buybacks, with the 84th weekly buyback purchasing 199.76K DRV at an average price of $0.14, bringing the total to 27.645 million tokens, while 67.63% of the supply is staked.
Source: Read the original article
