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Drift Protocol price

Drift Protocol priceDRIFT

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Price of Drift Protocol today

The live price of Drift Protocol is -- per (DRIFT / USD) today with a current market cap of -- USD. The 24-hour trading volume is $0.00 USD. DRIFT to USD price is updated in real time. Drift Protocol is 0.00% in the last 24 hours. It has a circulating supply of -- .

What is the highest price of DRIFT?

DRIFT has an all-time high (ATH) of --, recorded on .

What is the lowest price of DRIFT?

DRIFT has an all-time low (ATL) of --, recorded on .
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Drift Protocol price prediction

What will the price of DRIFT be in 2025?

Based on DRIFT's historical price performance prediction model, the price of DRIFT is projected to reach $0.00 in 2025.

What will the price of DRIFT be in 2030?

In 2030, the DRIFT price is expected to change by +24.00%. By the end of 2030, the DRIFT price is projected to reach $0.00, with a cumulative ROI of -100.00%.

Drift Protocol market information

Market cap
--
--
Circulating supply
-- DRIFT
Total supply / Max supply
-- DRIFT
-- DRIFT
Listing price
Prediction: $0.01
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Drift Protocol ratings

Average ratings from the community
4.4
101 ratings
This content is for informational purposes only.

About Drift Protocol (DRIFT)

What Is Drift Protocol?

Drift Protocol is a decentralized exchange (DEX) on the Solana blockchain. Designed to overcome the inefficiencies of traditional on-chain exchanges, Drift Protocol provides users with low slippage, minimal fees, and reduced price impact on trades. Since its inception in 2021, Drift has demonstrated remarkable growth, boasting over $350 million in Total Value Locked (TVL) and more than 175,000 traders, with a cumulative trading volume exceeding $20 billion. As one of the largest open-source perpetual futures DEX on Solana, Drift Protocol has established itself as a leading player in the decentralized finance (DeFi) ecosystem.

Drift Protocol's primary mission is to create an efficient, liquid, and accessible trading environment for all users. By leveraging Solana's high throughput and low latency capabilities, Drift offers a robust platform that supports a variety of trading activities, including spot trading with margin, perpetual futures trading, borrowing and lending, and passive liquidity provision. This diverse range of products ensures that Drift can cater to the needs of different types of traders and investors, enhancing the overall user experience and engagement.

Resources

Official Documents: https://docs.drift.trade/

Official Website: https://www.drift.trade/

How Does Drift Protocol Work?

Drift Protocol operates through a combination of advanced liquidity mechanisms and innovative trading products. The three primary liquidity mechanisms are Just-in-Time (JIT) Auction Liquidity, Limit Orderbook Liquidity, and Automated Market Maker (AMM) Liquidity. JIT Auction Liquidity involves short-term auctions where market makers compete to provide liquidity, ensuring swift and efficient order fulfillment. The Limit Orderbook aggregates limit orders placed by makers, offering continuous liquidity and price discovery. The AMM acts as a constant liquidity provider, supplementing market liquidity and maintaining optimal trading conditions.

Drift Protocol offers four main products: Spot Trading with Margin, Perpetuals Trading, Borrow Lend, and Passive Liquidity Provision through Backstop AMM Liquidity (BAL). Spot Trading with Margin allows users to trade assets with immediate on-chain settlement and leverage their positions. Perpetuals Trading enables speculation on asset price movements without the need for physical delivery, offering high liquidity and flexibility. The Borrow Lend feature facilitates decentralized money markets where users can deposit assets to earn yield or borrow assets at variable interest rates. The BAL mechanism allows users to provide backstop liquidity, enhancing market depth and resilience.

The protocol’s decentralized orderbook is managed by Keeper Bots, which monitor and fill orders based on specific conditions. These bots compile on-chain orders into an off-chain orderbook, ensuring efficient order execution. Additionally, the revenue pool collects fees from various sources, such as borrow fees and exchange fees, to support the insurance vault and AMM operations, ensuring the system’s sustainability and incentivizing participants.

What Is DRIFT Token?

The DRIFT token is the native governance token of Drift Protocol, playing a crucial role in the ecosystem's governance and development. By holding DRIFT tokens, users can participate in the Drift DAO (Decentralized Autonomous Organization), where they can vote on key decisions regarding protocol upgrades, development initiatives, and other governance-related matters. This decentralized governance model ensures that the community has a direct say in the future direction of Drift Protocol.

In addition to governance, DRIFT tokens can also be used to earn rewards through staking and liquidity provision. By staking DRIFT tokens, users can earn a share of the fees generated by the protocol, further incentivizing active participation and long-term engagement within the ecosystem. This dual role of governance and rewards makes the DRIFT token an integral part of the Drift Protocol, aligning the interests of users, developers, and investors to foster a sustainable and thriving decentralized exchange platform. DRIFT has a total supply of 1 billion tokens.

What Determines Drift Protocol’s Price?

The price of Drift Protocol (DRIFT) is primarily determined by the forces of supply and demand within the blockchain ecosystem. As with other Web3 assets, increased demand for DRIFT tokens, driven by the protocol’s growing user base and innovative features, can lead to a rise in its price. The integration of Drift Protocol on the Solana blockchain enhances its efficiency and appeal, making it a prominent player in the decentralized finance space.

Market volatility also plays a significant role in determining DRIFT's price. Factors such as market sentiment, overall performance of cryptocurrency charts, and external economic conditions can cause fluctuations. For those interested in cryptocurrency price prediction, it’s essential to monitor these variables closely. Understanding the risks and potential rewards can help investors decide if DRIFT is the best crypto investment for 2024 and beyond. Staying informed about market trends and volatility is crucial for making sound investment decisions in the ever-evolving cryptocurrency landscape.

For those interested in investing or trading Drift Protocol, one might wonder: Where to buy DRIFT? You can purchase DRIFT on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

Related Articles about Drift Protocol:

Drift Protocol (DRIFT): Unlocking the Future of Decentralized Trading on Solana




How to buy Drift Protocol(DRIFT)

Create Your Free Bitget Account

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Drift Protocol (DRIFT)

Buy Drift Protocol (DRIFT)

Use a variety of payment options to buy Drift Protocol on Bitget. We'll show you how.

Join DRIFT copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or DRIFT tokens, you can also start copy trading by following elite traders.

Drift Protocol news

Drift Ecosystem Newsletter #1
Drift Ecosystem Newsletter #1
X2024-11-09 04:32
DRIFTUSDT to be launched for futures trading and trading bots
DRIFTUSDT to be launched for futures trading and trading bots

Bitget will launch DRIFTUSDT for futures trading with a maximum leverage of 75, along with support for futures trading bots, on November 9, 2024 (UTC+8). Try futures trading on our official website (www.bitget.com) or the Bitget app today. DRIFT USDT-M perpetual futures: Parameter Details Listing t

Bitget Announcement2024-11-08 14:41
More Drift Protocol updates

FAQ

What is the current price of Drift Protocol?

The live price of Drift Protocol is -- per (DRIFT/USD) with a current market cap of -- USD. Drift Protocol's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Drift Protocol's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Drift Protocol?

Over the last 24 hours, the trading volume of Drift Protocol is --.

What is the all-time high of Drift Protocol?

The all-time high of Drift Protocol is --. This all-time high is highest price for Drift Protocol since it was launched.

Can I buy Drift Protocol on Bitget?

Yes, Drift Protocol is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Drift Protocol guide.

Can I get a steady income from investing in Drift Protocol?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Drift Protocol with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Drift Protocol (DRIFT)?

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Cryptocurrency investments, including buying Drift Protocol online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Drift Protocol, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Drift Protocol purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

DRIFT resources

Links
Drift Protocol WebsiteDrift Protocol WhitepaperDrift Protocol TwitterDrift Protocol Github

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