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Drift Protocol
More Detail
$0
-6.74%
Total dollar volume24H
$25,392,474
High24H
0.6088 USDT
Low24H
0.5469 USDT
Market Cap
#211$210,583,213
FDV
$553,200,000
Market Cap / FDV Ratio
0.38
Turnover rate
12.06%
Circulating supply
380,663,798
Total supply
1,000,000,000
Max supply
1,000,000,000
All time high
2.857 USDT
All time high date
Nov 09, 2024
Down from All time high
-80.64%
Cycle low
0.3466 USDT
Cycle low date
Jun 22, 2025
Up from cycle low
59.61%
Contracts
Solscan:DriF...jwg7
Official links
Website
White paper
Socials
Twitter
Telegram
Discord
Introduction

Drift Protocol is a decentralized derivatives trading platform built on the Solana blockchain. It is designed to offer a robust and efficient trading experience with a focus on perpetual futures and spot trading. Here are some key aspects of Drift Protocol:

Perpetual Futures Trading: Drift Protocol specializes in perpetual futures, allowing traders to take long or short positions with leverage up to 10x. This provides greater flexibility and efficiency compared to traditional trading platforms​.

Spot Trading: Recently, Drift has expanded its offerings to include spot trading, enabling users to trade crypto assets directly. This expansion aims to attract a broader user base and enhance liquidity on the platform​.

Innovative Mechanisms:Drift incorporates unique features like the Just-In-Time Auction mechanism, which helps achieve better pricing for trades by allowing market makers to step in and fill orders instantly. This helps maintain balanced long-short open interest and more symmetrical payouts​.

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