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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

      24h 7d 1m All

      $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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