HostUSDAT vs DRV — price, size and safety, side by side
USDAT (Ethereum) vs DRV (Base) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-27 / 2026-09-26.
USDAT vs DRV — normalized performance, 2026-09-07 to 2026-09-26T18:07:24
| USDAT | DRV | |
|---|---|---|
| Price | $0.9994 | $0.4173 |
| Market cap | $82.51M | $389.03M |
| 24h volume | $701.69K | $1.93M |
| Liquidity | $4.70M | $4.64M |
| FDV | $82.56M | $74.56M |
| Holders | 1,639 | 40,763 |
| Age (days) | 169 | 118 |
| Safety grade | B | B |
Where they differ
- DRV measures ~4.7× the market cap of USDAT
- DRV measures ~2.7× the 24h volume of USDAT
- DRV measures ~25× the holder count of USDAT
- over the shared window USDAT moved +0.01% while DRV moved +318%
What the data says
USDAT
USDat is Ethena and Anchorage's GENIUS-compliant dollar — the stablecoin built specifically to fit the US stablecoin law's rails, issued through a federally-chartered crypto bank rather than a foreign issuer. The deployment 0x23238f20b894f29041f48d88ee91131c395aaa71 is the Ethereum mint; our September 27, 2026 snapshot reads $4.7 million of tracked pool liquidity.
The honest note: GENIUS-compliant is a regulatory shape, not a risk verdict — it means the reserve structure (T-bills, qualified custodian, redemption terms) is defined by the same law that governs every US-compliant stable, which makes USDAT's backing more legible than most but no more guaranteed. What it buys Ethena is a US-legal distribution path for the stable stack that made USDe; what it buys a holder is boring, verifiable reserves.
DRV
DRV is the token of Derive — the on-chain options and perpetuals protocol that grew out of Lyra, one of crypto's oldest options venues. The contract 0x9d0e8f5b25384c7310cb8c6ae32c8fbeb645d083 is what our scan tracks: $4.6 million of pool liquidity as of September 26, 2026 on Base.
The honest framing: Derive is a real protocol with real derivatives volume, and the token's case ties to that usage — but on-chain options remain a niche that has repeatedly grown slower than its builders projected. DRV is a bet on the venue's volumes compounding, and the pool depth here is functional rather than deep, so size accordingly.
FAQ
Which is bigger, USDAT or DRV?
By tracked market cap: USDAT (Ethereum) measures $82.51M and DRV (Base) measures $389.03M — dated snapshots, not a live feed.
Which is safer, USDAT or DRV?
On the contract checks we publish: USDAT (Ethereum) grades B and DRV (Base) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDAT and DRV performed over the shared window?
Between 2026-09-07 and 2026-09-26T18:07:24, the measured snapshots show USDAT at +0.01% and DRV at +318%.
More comparisons
B13B vs USDATUSDAT vs ELEVATEUSDAT vs ANTFUNUSDAT vs TRXDRV vs ELEVATEDRV vs ANTFUNDRV vs TRXDRV vs BP
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-07→2026-09-26T18:07:24; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.