Drift Protocol
DeFi & Yield
Healthy
Checked 57m ago
Decentralized perpetual futures and spot exchange on Solana
Overview
Drift Protocol is the leading decentralized perpetual futures exchange on Solana, offering up to 20x leverage on crypto assets. Beyond perps, it provides spot trading, borrow/lending, and a prediction market. Drift uses a unique combination of an on-chain orderbook, AMM, and JIT liquidity to offer deep liquidity and tight spreads. It's one of the most actively used DeFi protocols on Solana.
Health & Activity
TVL
$491.52M
via DeFiLlama
Uptime 30d
100.0%
Website
Online
SSL
Valid
Last checked: 57m ago
Latest from @DriftProtocol
Introducing: Drift v3 Drift has built through bull and bear to deliver one thing: a better trading experience. Today, Drift v3 goes live. A modern redesign with 10x faster execution. Built to outperform. https://t.co/bz3dlomhoj
View on XKey Features
- Perpetual futures with up to 20x leverage
- Spot trading and swap functionality
- Borrow and lending markets
- Prediction markets (BET)
- On-chain orderbook with JIT liquidity
Pros
- Most liquid decentralized perps exchange on Solana
- Comprehensive DeFi suite (perps, spot, lending, predictions) in one platform
- Strong track record with billions in cumulative trading volume
Cons
- Perpetual trading with leverage carries significant liquidation risk
- Complex interface can overwhelm DeFi beginners
- DRIFT token tokenomics have been criticized by some community members
Pricing
No platform fees. Standard trading fees: maker 0.02%, taker 0.05%. Fees reduced for higher volume tiers.
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