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Drift protocol

#539
DRIFT
$0.033495
24h-5.04%
7d-6.86%
30d-16.57%

Drift protocol Price Performance

Low
High
$0.033053
$0.035973

Drift protocol Key Metrics

Market cap
$20.69M
FDV
$35.5M
Volume (24h)
$1.96M
Vol/Mkt Cap (24h)
0.09%
Total supply
1B DRIFT
Circulating supply
617.69M DRIFT
Profile score
68%
Updated May 12, 2026Rank #2798

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Drift protocol Overview

24h High
$0.04
24h Low
$0.03
24h Change
-5.04%
7d Change
-6.86%
30d Change
-16.57%
Volume 24h
$1.96M
Market Cap
$21.93M
Circulating Supply
617.69M DRIFT

Drift protocol News

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About Drift protocol

Drift Protocol operates as a decentralized platform on the Solana blockchain for trading cryptocurrencies, particularly focusing on perpetual swaps. It offers features that support leveraged trading and other financial activities in a non-custodial manner. The creators, Cindy Leow and David, developed Drift Protocol to blend the functional benefits of centralized trading systems with the transparency and community-driven approach of decentralized finance.
Drift Protocol enables on-chain trading of perpetual futures using a cross-margined mechanism. This allows users to manage trades in a decentralized environment, leveraging features that include borrowing at variable rates, staking for yields, and swapping spot tokens. The protocol employs a Just-In-Time Auction mechanism and a Keeper Network to manage order execution and liquidity.
Drift Protocol was co-founded by Cindy Leow and David. They aimed to merge the efficiency and user experience of centralized exchanges (CEX) with the autonomy and transparency of decentralized finance (DeFi).

Drift protocol Markets

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Drift protocol Platforms

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Learn About Drift protocol

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Mia Halland logoMia HallandMay 6, 2026
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The Drift Revenue Mystery Everyone Missed

The Drift Revenue Mystery Everyone Missed

Drift Protocol (DRIFT) is the largest decentralized perpetual futures exchange on Solana, founded in 2021. Pre-exploit metrics through Q1 2026: 175,000+ unique traders, $150B cumulative volume, $550M TVL, monthly revenue around $47M, and 35+ ecosystem integrations. On April 1, 2026, North Korean DPRK-linked attackers drained $285M in roughly 12 minutes via social engineering and a fake collateral token (CarbonVote/CVT), the largest DeFi hack of 2026. TVL collapsed from $550M to under $250M; the DRIFT token fell roughly 70% post-hack and now trades around $0.04, down 98.4% from its $2.60 ATH. Tether announced a $147.5M revenue-linked recovery package on April 16, 2026 ($127.5M Tether, $20M partners), with Drift switching settlement from USDC to USDT. Circle drew criticism for letting $232M in stolen USDC bridge from Solana to Ethereum across 6 hours. Relaunch is targeted for May or June 2026. The thesis: Drift's pre-exploit revenue, not its TVL, is what Tether is underwriting.

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Often Discussed Alongside Drift protocol

Tokens that appear with Drift protocol in our academy articles.

Drift protocol Market Data

The live Drift protocol price today is $0.03 USD with a 24-hour trading volume of $1,962,141.38 USD. We update our DRIFT to USD price in real-time. Drift protocol is down 5.04% in the last 24 hours.

The current market cap is $21,930,695.66 USD, ranking #539 by market capitalization. The circulating supply is 617,694,270 DRIFT.