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 2h ago

DRIFT's community continues engaging with the protocol following the $285M April hack

, with blockchain activity and new investor participation persisting through the recovery period.

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CA$0.0234

Trading Insights

Buyer Ratio

55%0%

Traders

20

0%

Buyers

11

15.38%

Sellers

10

25%

Searched

69

Market Stats

Market Cap

CA$14.38M

3.15%

FDV

CA$23.51M

Circ. Supply

612M DRIFT

Max Supply

1B DRIFT

Total Supply

1B DRIFT

Diluted Valuation

CA$23.54M

Performance

Popularity

#972

Dominance

0%

Volume (24H)

CA$7.04M

18.65%

Volume (7D)

CA$107.88M

Volume (30D)

CA$178.47M

All time high

CA$4.13

Price Change (1Y)

Not enough data

96.3%

Additional details

Market details

DRIFT vs markets

↘ 94.6%

DRIFT vs BTC

↘ 93.98%

DRIFT vs ETH

↘ 94.54%

Tags

decentralized-exchange-dex-token

defi

derivatives

governance

+4

Network & Addresses

Network
Address

Solana

DriFtupJYLTosbwoN8koMbEYSx54aFAVLddWsbksjwg7

Price history

Time
Price
Change
Today
CA$0.0234
+3.09%
1 Day
CA$0.02287
+3.09%
1 Week
CA$0.02428
-3.33%
1 Month
CA$0.04604
-49.76%
1 Year
CA$0.622
-96.30%

Coinbase insights

Happening now

AI generated 2h ago

DRIFT's community continues engaging with the protocol following the $285M April hack

, with blockchain activity and new investor participation persisting through the recovery period.


Foundation holding steady

The protocol maintains approximately $4.7M in daily trading volume with 763 active addresses, while 27 new holders joined recently, showing the community remains engaged despite recent challenges.


Consolidation phase underway

Trading activity of approximately $4.7M daily continues alongside roughly $7.6M in trader positioning over the past week. The price is consolidating approximately

↘7.62%

over the past week as investors take a cautious approach, with loss-taking patterns visible in recent blockchain data.

Recent trends

The latest DRIFT price is CA$0.0234. Compared to Drift Protocol's value of CA$0.02 from 24 hours ago, there's been a 3% increase, while the current price is -3% down from CA$0.02 which was recorded one week ago. Drift Protocol's all time high is CA$4.13, which was reached on November 9, 2024. This is a -99% 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 CA$14.38M, which is a result of multiplying the current price of Drift Protocol(CA$0.02) by the total supply(1,000,000,000 DRIFT). The fully diluted valuation of Drift Protocol is CA$23.51M. The diluted valuation of Drift Protocol is CA$23.51M.

Drift Protocol had 11 buyers, 10 sellers and total 20 trades in the last 24h. Drift Protocol was searched 69 times in the last 24h.

FAQ

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

The current market cap of Drift Protocol is CA$14.375M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Drift Protocol is CA$4.13. 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 CA$7.043M.

Assets that have a similar market cap to Drift Protocol include iShares Core MSCI Emerging Markets Tokenized ETF (Ondo), Bless, Gleec Coin, 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 302 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

#796

Contributors

72

Posts

110

% About Drift Protocol

0.021%

Articles

1

X (Twitter)

18.37% bullish

Sentiment

2.4 ★

Highlights

72 unique individuals are talking about Drift Protocol and it is ranked #796 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 2.4 out of 5. Finally, Drift Protocol is becoming less newsworthy, with 1 news articles published about Drift Protocol.

On Twitter, people are mostly neutral about Drift Protocol. There were 24.32% of tweets with bullish sentiment compared to 32.43% of tweets with a bearish sentiment about Drift Protocol. 75.68% of tweets were neutral about Drift Protocol. These sentiments are based on 98 tweets.

On Reddit, Drift Protocol was mentioned in 2 Reddit posts and there were 2 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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