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Drift Protocol

Drift Protocol

Decentralized perpetual futures and spot trading on Solana

Launch Year
2021
Consensus
Proof of History + Proof of Stake (Solana)
Max Supply
1,000,000,000 DRIFT
Block Time
~0.4 seconds
DRIFT
DRIFT
Drift Protocol
Price
24h Change
Market Cap
Volume (24h)
Circulating Supply
Swap DRIFT Now
  • No KYC or registration
  • Non-custodial — your keys, your crypto
  • 1000+ supported exchange pairs
  • Best available exchange rate

Drift Protocol Price Chart

DRIFT / USD
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About Drift Protocol

Drift Protocol (DRIFT) is a decentralized perpetual futures and spot trading platform on Solana, offering up to 20x leverage. Drift uses a cross-margined account system where all positions share a single margin pool, enabling efficient capital use. The protocol uses a virtual AMM (vAMM) backed by an insurance fund and backstop liquidity providers. Drift's Just-In-Time (JIT) auction mechanism routes large orders to market makers in real-time, reducing slippage. DRIFT is the governance token, used for staking, fee discounts, and protocol governance. Drift handles billions in cumulative trading volume.

History

2021
Drift Protocol launches on Solana mainnet; perpetuals trading with vAMM model
2022
Drift V2 launches with improved JIT liquidity auctions and spot margin trading
2023
Drift cumulative volume crosses $10B; becomes major Solana perps platform
2024
DRIFT token launches via retroactive airdrop; governance DAO established

How to Swap DRIFT

Swapping Drift Protocol (DRIFT) on SyntheticSwap requires no account or KYC verification. DRIFT is a Solana-native token, supported by Phantom, Solflare, Backpack, and any Solana-compatible wallet. Open SyntheticSwap, select DRIFT as your source or destination, enter your receiving wallet address, and confirm the displayed floating rate. Send DRIFT from your Solana wallet to the provided deposit address — Solana's fast block times mean your swap typically settles in seconds. The destination asset goes directly to your chosen wallet.

How to Store DRIFT

DRIFT (SPL token on Solana) is stored in Phantom, Solflare, or any Solana-compatible wallet. Ledger hardware wallet supports DRIFT via Solana-compatible wallet apps.

Frequently Asked Questions