Drift Protocol

Decentralized Exchange · Automated Market Maker (AMM)

DRIFT#1037Mcap $11.77M

$0.019924hLast close

Performance

Cycle lowCycle rangeAll-time high

$0.0107$5.04

All-time high$5.04−99.8% · May 16, 2024

Cycle low$0.0107+16.2% · Jul 29, 2026

Volatility (30D)76.6%

Volatility (1Y)130.9%

Sharpe ratio (1Y)-1.67

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Converter

DRIFTUSDBTCETH

At the live price.

Metrics

Market

Market cap$11.77M

Fully diluted value$12.44M

Volume (24h)$3.14M

Circulating supply734.09M DRIFT

Max supply1.00B DRIFT

Mcap / FDV94.6%

Dominance0.000%

Turnover (24h)21.07%

Rank#1037

Sector rank#57 · Exchange

Trading

Markets41

Exchanges25

Trading sinceMay 16, 2024

Derivatives

Open interest$11.04M

Funding (OI-weighted)-0.0052%

Funding (volume-weighted)-0.0072%

Futures volume (24h)$31.25M

Futures trades (24h)233,603

Liquidity

Buy depth (−2%)$172.6K

Sell depth (+2%)$153.4K

Spot pairs counted28

Order-book depth within 2% of the price, summed across spot pairs.

Classification

SectorDeFi

Sub-sectorDerivatives · Decentralized Exchange

EcosystemSolana

NetworksSolana

Across Cryp2Nova

Protocol TVL$253.19M

Recent events

Named holder entered the top 100 · Coinbase 4Nov 2, 2026

Named holder left the top 100 · GSR Markets: Fireblocks Custody (8XczZ)Oct 26, 2026

Named holder left the top 100 · Coinbase 4Oct 26, 2026

Shield grade changed: A- → B+Oct 24, 2026

Named holder left the top 100 · Wintermute: Hot WalletOct 17, 2026

Social activity

Accounts mentioning it

24h5

7 days35

30 days133

Share of voice0.03%

Share-of-voice rank#433

Links

WebsiteWebsite

ResourcesWhitepaper Documentation Github Litepaper

SocialDiscord LinkedIn Telegram X

ContentBlog Medium

ExplorerBlock Explorer

Contracts

SolanaDriFtu…ksjwg7

Top markets

Supply

73.4% in circulationmax 1,000,000,000

Circulating supply734,094,013 DRIFT

Total supply1,000,000,000 DRIFT

Remaining to issue265,905,987 DRIFT

Unlocked26.7%

Latest news

Key facts

LaunchedMay 16, 2024

CategoryMarketplaces

SectorExchange

TagsDecentralized ExchangeDerivativesAutomated Market Maker (AMM)DeFiPerpetuals

Drift Protocol in numbers

Drift Protocol (DRIFT) ranks #1037 by market capitalization, at $11.77M. It belongs to the DeFi sector (Derivatives). It has traded since May 16, 2024, across 41 markets on 25 exchanges, with $3.14M of volume in the last 24 hours. Its all-time high of $5.04 was reached on May 16, 2024; the current price is 99.8% below that peak. Its cycle low of $0.0107167 came on Jul 29, 2026.

73.4% of the maximum supply of 1.00B DRIFT is in circulation. 26.7% of the token allocation has been unlocked. The next scheduled unlock is on Nov 16, 2026. 19 investors are recorded as backers, including Polychain Capital, Alameda Research, Robot Ventures. 2 team members are listed. Development data lists 11 core developers and 28,576 code commits.

About Drift Protocol

Drift Protocol is a decentralized exchange for perpetual futures built on Solana, featuring cross-margined trading accounts and a virtual automated market maker (vAMM) for price discovery. It operates on a permissionless blockchain, allowing users to trade with collateral in various digital assets without intermediaries. Drift provides risk management tools, including stop-loss and take-profit orders, within its trading interface.