Drift Protocol
Drift
Drift is a Solana-based perpetuals DEX that integrates spot and lending, with around $485M in 24-hour volume. It operates, however, in a highly competitive environment dependent on the Solana ecosystem, facing direct rivals such as Jupiter and Hyperliquid.
Data & conditions
| Liquidity model | Hybrid |
|---|---|
| Maker / Taker fee | 0% / 0.1% |
| Markets | Spot + Perp |
| Supported chains | Solana |
| TVL (as of Jun 13) | $1.13B |
| 24h volume | $300M |
| Native token | DRIFT |
| Fund custody | Non-custodial (funds in your wallet) |
| Supported wallets | Phantom, Solflare, Backpack, Ledger, MetaMask (Solana Snap) |
| Audits | Trail of Bits (2022-2023), OtterSec (2023), Neodyme (2024) |
| Governance | DAO + DRIFT token (governance via DIP proposals) |
| KYC | Full |
| Supported countries | US, EEA, APAC, LATAM, MENA, AFRICA · 200+ countries |
| Regulator | None |
| Segment | B2C |
| MiCA / License status | None (decentralized protocol) N/D (DEX Solana) |
Strengths
- DEX perpetual Solana with spot+lending integrated; $485M 24h.
- Self-custody: funds stay in your wallet — the platform cannot touch them.
- Permissionless and decentralized: no approval needed to operate.
- Public security audits.
Weaknesses
- competition high Solana (Jupiter/Hyperliquid).
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (N/D (DEX Solana)): reporting to authorities and freezes on order.
Verdict
Drift is a Solana-based perpetuals DEX that integrates spot and lending, with around $485M in 24-hour volume. It operates, however, in a highly competitive environment dependent on the Solana ecosystem, facing direct rivals such as Jupiter and Hyperliquid.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Drift Protocol truly decentralized?
Drift Protocol is a non-custodial decentralized exchange: funds stay in your wallet. Liquidity model: vAMM+CLOB Hybrid. Governance token: DRIFT.
Which blockchains does Drift Protocol support?
Drift Protocol is available on Solana.
What is Drift Protocol's TVL?
Drift Protocol's TVL is not available in this snapshot; check DefiLlama for the live figure.
What are Drift Protocol's fees?
Drift Protocol's trading fees range 0% – 0.1%. On top of these there are on-chain gas fees, which vary with network congestion.
Does Drift Protocol support perpetuals and leverage?
Drift Protocol offers perpetual contracts, with up to 50x leverage. It supports spot token swaps.
Sources
- Official service page Liquidity model · TVL · Blockchain · Fees · +6 Data verified on Jun 14, 2026
- crunchbase.com Stock ticker · Stock listing · IPO date Data verified on Jun 14, 2026
- cryptorank.io Investors Data verified on Jun 14, 2026
- docs.drift.trade Security audit · Supported wallets Data verified on Jun 14, 2026
Show 5 more sources
- github.com Legal name · Company type Data verified on Jun 14, 2026
- trustpilot.com Trustpilot reviews Data verified on Jun 14, 2026
- ainvest.com Past incidents Data verified on Jun 13, 2026
- businessmodelcanvastemplate.com Founders Data verified on Jun 13, 2026
- insidecryptoreview.com 24h volume · Third-party audit · Bug bounty Data verified on Jun 13, 2026