Drift Protocol: Solana’s fastest DeFi exchange for perpetual trading, staking yield, cross-margin borrowing and prediction markets
Drift Protocol Overview
Drift Protocol is a high-speed DeFi platform on Solana that unites perpetual trading, spot margin, lending and yield tools in one interface. Powered by the DRIFT coin, the protocol settles trades in under a second with near-zero fees.
Traders enjoy cross-margin leverage and multiple subaccounts, while yield farmers stake USDC or dSOL for steady profit. Drift Protocol’s defi wallet-style UI and open-source code simplify integration into any charting app.
Utility & Use Cases DRIFT
Perpetual & Spot Trading
- Trade BTC, ETH, SOL and more with up to 20× leverage.
- Cross-margin collateral boosts capital efficiency.
- Low-fee, high-volume market for active trading.
Borrowing & Lending
- Supply assets to earn yield; borrow at competitive rates.
- Borrowing powers leveraged strategies and prediction market collateral.
Insurance Fund Staking
- Stake USDC to backstop risk and share trading fees.
- Earn passive yield without active trading.
Prediction Markets (B.E.T)
- Buy yes/no shares on events and earn yield on idle margin.
- Hedge perps and bets within one wallet.
DAO Governance
- DRIFT holders vote on fees, listings and grants.
- Multi-branch driftDAO ensures community control.
Drift Protocol Technologies Overview
Hybrid Liquidity Engine
Dynamic AMM, order-book and JIT auctions combine for tight spreads and deep liquidity.
Lightning-Fast Settlement
Solana’s speed confirms trades in under a second with almost no gas.
High Scalability & Low Fees
Handles institutional trading volume without congestion or high cost.
Audited Smart Contracts
Trail of Bits and Neodyme audits plus a $500k Immunefi bounty protect user funds.
Multi-Asset Collateral
Use USDC, SOL, dSOL and more in one cross-margin account.
Funding
Drift Protocol has raised about $52 M: a $3.8 M seed round (Oct 2021), a $23.5 M Series A led by Polychain (Jan 2024) and a $25 M Series B led by Multicoin (Sep 2024). Funds fuel product expansion, security and ecosystem grants.
One-click looping tool boosts staking returns using in-house borrowing.
OTC & Institutional API – H2 2025
Dedicated desk and FIX-style API for large orders with minimal slippage.
Cross-Chain Collateral Bridges – 2025 (TBD)
Bridges will let users post Ethereum or Cosmos assets as margin.
driftDAO Sub-DAO & Grants – Ongoing 2025
Expands community governance and funds builders via the GAS program.
Drift Protocol Security & Audit Reports
Drift Protocol was audited by Trail of Bits (2022) and Neodyme (2024) with no critical issues. A live $500k Immunefi bounty invites researchers. After a 2022 v1 exploit, users were reimbursed and controls tightened; no losses have occurred on v2.
Audits and a bug bounty add security, but users should manage risk and use safe wallets.
Top Crypto Exchanges to Trade Drift Protocol (DRIFT)
#
Exchange
Pair
Price
24h Volume
1
Gate.io
DRIFT/USDT
~$0.44
$2,290,143
2
HTX
DRIFT/USDT
~$0.44
$6,032,543
3
XT.COM
DRIFT/USDT
~$0.44
$1,093,972
4
Bybit
DRIFT/USDT
~$0.44
$610,782
5
KuCoin
DRIFT/USDT
~$0.44
$207,787
6
BTSE
DRIFT/USDT
~$0.44
$356,076
7
Kraken
DRIFT/USD
~$0.44
$92,080
8
BitMart
DRIFT/USDT
~$0.44
$663,055
9
Meteora
DRIFTUPJYL.../EPJFWDD5AU...
~$0.44
$139,639
10
Orca
DRIFTUPJYL.../J1TOSO1UCK...
~$0.0024
$88,978
11
MEXC
DRIFT/USDT
~$0.44
$16,114.39
12
Meteora
DRIFTUPJYL.../EPJFWDD5AU...
~$0.44
$19,340.05
13
Bitvavo
DRIFT/EUR
~$0.41
$14,990.94
14
CoinEx
DRIFT/USDT
~$0.44
$6,420.08
15
Orca
DRIFTUPJYL.../EPJFWDD5AU...
~$0.45
$2,452
16
Meteora
DRIFTUPJYL.../SO11111111...
~$0.0028
$440.49
17
Meteora
ZEXY1PQTER.../DRIFTUPJYL...
~$0.09
$379.26
18
Meteora
BSO13R4TKI.../DRIFTUPJYL...
~$421.076
$304.56
19
Ourbit
DRIFT/USDT
~$0.44
$247,265
20
WEEX
DRIFT/USDT
~$0.44
$14,667.74
21
Hotcoin
DRIFT/USDT
~$0.44
$196,941
22
Bitrue
DRIFT/USDT
~$0.44
$530,369
23
Coinbase Exchange
DRIFT/USD
~$0.44
$259,735
24
CoinTR
DRIFT/USDT
~$0.44
$158,773
25
BingX
DRIFT/USDT
~$0.44
$39,041
26
Backpack Exchange
DRIFT/USDC
~$0.44
$5,525.56
27
CoinW
DRIFT/USDT
~$0.44
$392,957
28
AscendEX (BitMax)
DRIFT/USDT
~$0.44
$136,038
29
Bitget
DRIFT/USDT
~$0.44
$153,777
30
Phemex
DRIFT/USDT
~$0.44
$14,032.49
31
Meteora
DRIFTUPJYL.../SO11111111...
~$0.0028
$16,959.7
32
Orca
BSO13R4TKI.../DRIFTUPJYL...
~$419.025
$1,889.16
33
Meteora
KMNO3NJSBX.../DRIFTUPJYL...
~$0.19
$187.71
34
Kraken
DRIFT/EUR
~$0.41
$549.78
35
Meteora
CLOUDKC4AN.../DRIFTUPJYL...
~$0.71
$357.01
36
Raydium (CLMM)
DRIFTUPJYL.../SO11111111...
~$0.0028
$3,835.11
37
Orca
DRIFTUPJYL.../SO11111111...
~$0.0028
$2,863.75
38
Meteora
DRIFTUPJYL.../EPJFWDD5AU...
~$0.45
$1,875.9
39
Raydium (CLMM)
BSO13R4TKI.../DRIFTUPJYL...
~$419.71
$219.75
40
Crypto.com Exchange
DRIFT/USD
~$0.43
$32.65
41
Meteora
DRIFTUPJYL.../EPJFWDD5AU...
~$0.43
$76.24
42
Cube
DRIFT/USDC
~$0.45
$227.38
43
Meteora
DRIFTUPJYL.../EPJFWDD5AU...
~$0.55
$199.51
44
Orca
ORCAEKTDK7.../DRIFTUPJYL...
~$5.75
$2.03
45
NovaDAX
DRIFT/BRL
~$2.86
$68.14
46
Meteora
DRIFTUPJYL.../SO11111111...
~$0.0027
$11.98
47
Poloniex
DRIFT/USDT
~$0.45
$1.93
Drift Protocol
DRIFT
Price
#298
$0.46
-1.9%
Market Cap
Market capitalization of Drift Protocol (DRIFT) represents the total value of all circulating tokens. It is calculated by multiplying the current price of one token by the total number of tokens in circulation
$141,516,552
Fully Diluted Variation
Fully diluted valuation of Drift Protocol (DRIFT) represents the theoretical market cap if all tokens that will ever exist were in circulation. It provides insight into the long-term value projection assuming the maximum supply is reached
$457,392,934
24 Hour Trading Vol
24-hour trading volume shows the total amount of Drift Protocol (DRIFT) traded across all exchanges over the past day. Higher volumes generally indicate more market liquidity and interest in the token
$14,990,882
Total Value Locked (TVL)
Total Value Locked (TVL) represents the aggregate value of Drift Protocol (DRIFT) and other assets deposited in DeFi protocols. It indicates the overall usage and adoption of Drift Protocol (DRIFT) in decentralized finance applications
$431,494,012
Circulating Supply
Circulating supply shows the number of Drift Protocol (DRIFT) tokens currently available and circulating in the market. This excludes locked, reserved, or unissued tokens that cannot be sold or traded
309,398,202.97
Total Supply
Total supply represents all Drift Protocol (DRIFT) tokens that currently exist, including both circulating tokens and those locked in various protocols or treasuries. It excludes tokens that will be created in the future
1,000,000,000
Max Supply
Maximum supply indicates the absolute maximum number of Drift Protocol (DRIFT) tokens that will ever exist. This is a hard cap programmed into the token's protocol that cannot be exceeded, ensuring scarcity over time
