Price for today
1,175 USD -5,56%
0,00000000 BTC -5,56%
Name: Drift Protocol
Symbol: DRIFT
Circulating supply: 0 $
Max supply: 0 $
Price: 1,17495 $
Volume 24h: 1085460 $
Market Cap: 327.618 M $
Percent change 24h: -5,6 %
Drift Protocol revolutionizes Solana's DeFi landscape by integrating perpetuals, spot trading, and token swaps into one platform. This approach distinguishes it from typical decentralized exchanges. The protocol's key feature is its sophisticated cross-margined risk engine, optimizing capital efficiency by enabling simultaneous asset use for lending, collateralization, and trading.
Drift's Just-in-Time auction mechanism tackles liquidity challenges common in DEXs. The backstop AMM ensures trade execution when auctions fall short, enhancing market stability. For DeFi enthusiasts, DRIFT signifies the evolution of on-chain trading, merging traditional finance with blockchain technology. The platform offers a glimpse into finance's future, where diverse trading options coexist in a decentralized environment.
Drift Protocol is quite popular token among traders, ordinary users and investors who purchase it for long-term accumulation. Accordinglyholders can use DRIFT for everyday payments, business and investment.
As of the 18.12.2024, 1 DRIFT can be purchased for 1.17495000. Explore our DRIFT price chart to see how its value has changed these days.
Drift Protocol cryptocurrency can be bought on one of the many credible exchanges such as Godex. When decide on an exchange to obtain DRIFT, always take into account its fame.
There are various places and methods to keep DRIFT. To keep a large amount of coins, hardware-type wallets such as Ledger and Trezor are appropriate. If you plan to use DRIFT for trading or paying everyday expenditures, then a hot wallet (mobile or desktop) would be the right option. When decide on a wallet, take into account its defensive qualities and usability.
