About Drift Protocol

Drift Protocol is a decentralized exchange built on Solana. Drift Protocol supports token swaps, spot margin trading, and perpetual futures trading. DRIFT is the governance token of the Drift DAO. Token holders can vote on governance proposals related to protocol development. Proposals may involve determining protocol fees, setting technical parameters, and treasury management.

Happening now

AI generated 3h ago

DRIFT price rose roughly

↗7%

over the past month following the

VelocityDEX private beta launch

while trading activity decreased over the same period.

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ARS 19.19

Trading Insights

Buyer Ratio

66%0%

Traders

32

28%

Buyers

21

16.67%

Sellers

12

0%

Searched

46

Market Stats

Market Cap

ARS 11.75B

1.13%

FDV

ARS 19.22B

Circ. Supply

612M DRIFT

Max Supply

1B DRIFT

Total Supply

1B DRIFT

Diluted Valuation

ARS 19.26B

Performance

Popularity

#1,057

Dominance

0%

Volume (24H)

ARS 3.17B

2.9%

Volume (7D)

ARS 26.1B

Volume (30D)

ARS 93.42B

All time high

ARS 4.57K

Price Change (1Y)

97.94%

Additional details

Market details

DRIFT vs markets

↘ 97.07%

DRIFT vs BTC

↘ 97.2%

DRIFT vs ETH

↘ 96.4%

Tags

decentralized-exchange-dex-token

defi

derivatives

governance

+4

Network & Addresses

Network
Address

Solana

DriFtupJYLTosbwoN8koMbEYSx54aFAVLddWsbksjwg7

Price history

Time
Price
Change
Today
ARS 19.19
+2.28%
1 Day
ARS 18.99
+2.28%
1 Week
ARS 18.93
+2.28%
1 Month
ARS 17.79
+9.49%
1 Year
ARS 813.68
-97.94%

Coinbase insights

Happening now

AI generated 3h ago

DRIFT price rose roughly

↗7%

over the past month following the

VelocityDEX private beta launch

while trading activity decreased over the same period.


Recent trading shows mixed signals

Price declined roughly

↘2%

over the past week while the buyer-to-seller ratio stood at 0.71 over the past 24 hours, indicating more selling activity than buying.


Ownership remains well distributed

The top 10 largest holders control only approximately 0.6% of the total supply, reflecting a well-distributed ownership structure that reduces concentration risk.


Platform launches new features

The platform, formerly known as Drift Protocol, launched its private beta

with competitive 0.02% trading fees, aiming to attract users with lower costs and yield opportunities.

Recent trends

The latest DRIFT price is ARS 19.19. Compared to Drift Protocol's value of ARS 18.99 from 24 hours ago, there's been a 2% increase, while the current price is 2% up from ARS 18.93 which was recorded one week ago. Drift Protocol's all time high is ARS 4,573.20, which was reached on November 9, 2024. This is a -100% change from its price today.

The current circulating supply of Drift Protocol is 611,515,824. This is 61% of its max supply of 1,000,000,000 DRIFT and 61% of its total supply of 1,000,000,000. The market cap is currently ARS 11.75B, which is a result of multiplying the current price of Drift Protocol(ARS 19.19) by the total supply(1,000,000,000 DRIFT). The fully diluted valuation of Drift Protocol is ARS 19.22B. The diluted valuation of Drift Protocol is ARS 19.22B.

Drift Protocol had 21 buyers, 12 sellers and total 32 trades in the last 24h. Drift Protocol was searched 46 times in the last 24h.

FAQ

We update our Drift Protocol to ARS currency in real-time. Get the live price of Drift Protocol on Coinbase.

The current market cap of Drift Protocol is ARS 11.754B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Drift Protocol is ARS 4,573.20. This all-time high is highest price paid for Drift Protocol since it was launched.

Over the last 24 hours, the trading volume of Drift Protocol is ARS 3.172B.

Assets that have a similar market cap to Drift Protocol include Gleec Coin, Sophon, iShares MSCI Emerging Markets Tokenized ETF (Ondo), and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Drift Protocol is 612 million.

Drift Protocol ranks 314 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

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

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Social stats

Popularity in posts

#1452

Contributors

19

Posts

23

% About Drift Protocol

0.004%

Articles

0

X (Twitter)

13.64% bullish

Sentiment

3.4 ★

Highlights

19 unique individuals are talking about Drift Protocol and it is ranked #1,452 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Drift Protocol has an average sentiment score of 3.4 out of 5. Finally, Drift Protocol is becoming less newsworthy, with 0 news articles published about Drift Protocol.

On Twitter, people are mostly neutral about Drift Protocol. There were 15% of tweets with bullish sentiment compared to 10% of tweets with a bearish sentiment about Drift Protocol. 85% of tweets were neutral about Drift Protocol. These sentiments are based on 22 tweets.

On Reddit, Drift Protocol was mentioned in 0 Reddit posts and there were 0 comments about Drift Protocol. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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