Drift Protocol (DRIFT) is a decentralized perpetual swap exchange on Solana. More
Fully Diluted Valuation | $599.79M |
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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 |
Categories | Decentralized Finance (DeFi) 4 more |
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Founder | Cindy Leow 2 more |
Website | app.drift.trade Whitepaper |
Socials | 2 more |
Chains | Solana Ecosystem |
Explorer | Solscan 2 more |
Contracts |
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Name | Pair | OG Score |
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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.
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.
The founders of Drift Protocol are Cindy Leow, along with Arthur Hayes and Kyle Samani,
You can buy Drift Protocol (DRIFT) on MEXC, Gate.io, Bitget, Bybit, Coinbase cryptocurrency exchanges.
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