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Drift Protocol DRIFT Logo
Drift Protocol DRIFT
$0.59968 3.82%
OG Score 44.64
Reviews 2
Drift Protocol DRIFT Logo

Drift Protocol DRIFT Price

$0.59968 3.82%
Low All Time High
$0.100002 $2.6

Introduction

 Drift Protocol (DRIFT) is a decentralized perpetual swap exchange on Solana. More

OG Score 44.64
Reviews 2
Market Cap $216.79M
Market Cap Rank # 315

Token Stats

Fully Diluted Valuation $599.79M
24H Trading Volume $17.36M
24H Low / High $0.58 / $ 0.63
Circulating Supply 361.43 M
Total Supply 1.00 B
Max Supply 1.00 B

Info

Categories Decentralized Finance (DeFi) 4 more
Founder Cindy Leow 2 more
Website app.drift.trade Whitepaper
Socials 2 more
Chains Solana Ecosystem
Explorer Solscan 2 more
Contracts Drift Protocol DriFt....sjwg7

DRIFT/USD Price Chart

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$DRIFT Community Sentiment

OG Evaluation

OG Score

OG Score Rank #362
Reviews 2
Gem Score 11.90

OGAudit Coin Evaluation Metrics

Innovation 50 .05
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 49 .60
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 40 .75
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 41 .10
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 46 .85
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 39 .50
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

Drift Protocol $drift User Reviews

What Crypto OGs are Saying About Drift Protocol

$drift Markets

Name Pair OG Score

About Drift Protocol $drift

What is Drift Protocol (DRIFT)?

Drift Protocol (DRIFT) is a decentralized finance platform on Solana, specializing in perpetual swaps. Launched in mid-2022, DRIFT quickly gained popularity, ranking among the top 5 in its category by Total Value Locked (TVL).

Innovative Liquidity Management

DRIFT stands out for its Dynamic AMM (DAMM) mechanism, which dynamically adjusts liquidity pools based on trading demand. Unlike traditional systems, DAMMs reduce slippage and optimize capital efficiency, ensuring smoother trading experiences.

Hybrid Approach for Stability

DRIFT V2 introduces a hybrid liquidity solution, combining different models to enhance market stability. This approach leverages Solana's fast transactions and low fees, facilitating seamless trading execution.

Diverse Trading Options

Beyond perpetual swaps, DRIFT offers spot trading and lending services, catering to a wide range of trading preferences. This diversity attracts various traders and strengthens overall liquidity.

Decentralized and Secure

Operated on-chain via smart contracts, DRIFT ensures transparency and security without relying on intermediaries. This decentralized approach aligns with the principles of trust and empowerment in decentralized finance.

Future Outlook

With ongoing development and potential expansions, DRIFT aims to lead innovations in decentralized finance. By setting new standards in liquidity provision and user experience, DRIFT continues to evolve in the dynamic DeFi landscape.

In summary, Drift Protocol (DRIFT) is reshaping DeFi by offering efficient and secure perpetual swaps on Solana. With its advanced DAMM mechanism and commitment to decentralization, DRIFT pioneers a more accessible and reliable financial ecosystem for traders worldwide.

What is unique about Drift Protocol (DRIFT)?

Drift Protocol stands out with its Dynamic AMM (DAMM) mechanism on Solana, dynamically adjusting liquidity pools for optimal trading efficiency and reduced slippage in perpetual swaps and other derivatives.

Who are the founders of Drift Protocol (DRIFT)?

The founders of Drift Protocol are Cindy Leow, along with Arthur Hayes and Kyle Samani,

Where can I buy Drift Protocol (DRIFT)?

You can buy Drift Protocol (DRIFT) on MEXC, Gate.io, Bitget, Bybit, Coinbase cryptocurrency exchanges.

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