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 8h ago

DRIFT's

↗7.46%

weekly climb over the past seven days is drawing attention as trading activity and network usage show measured engagement.

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€0.01064

Trading Insights

Buyer Ratio

75%0%

Traders

20

0%

Buyers

15

36.36%

Sellers

7

36.36%

Searched

41

Market Stats

Market Cap

€6.49M

3.8%

FDV

€10.62M

Circ. Supply

612M DRIFT

Max Supply

1B DRIFT

Total Supply

1B DRIFT

Diluted Valuation

€10.61M

Performance

Popularity

#1,019

Dominance

0%

Volume (24H)

€1.75M

5.13%

Volume (7D)

€14.72M

Volume (30D)

€51.42M

All time high

€2.53

Price Change (1Y)

97.67%

Additional details

Market details

DRIFT vs markets

↘ 96.39%

DRIFT vs BTC

↘ 96.37%

DRIFT vs ETH

↘ 95.67%

Tags

decentralized-exchange-dex-token

defi

derivatives

governance

+4

Network & Addresses

Network
Address

Solana

DriFtupJYLTosbwoN8koMbEYSx54aFAVLddWsbksjwg7

Price history

Time
Price
Change
Today
€0.01064
+3.50%
1 Day
€0.01027
+3.75%
1 Week
€0.009725
+10.87%
1 Month
€0.01161
-6.11%
1 Year
€0.4575
-97.67%

Coinbase insights

Happening now

AI generated 8h ago

DRIFT's

↗7.46%

weekly climb over the past seven days is drawing attention as trading activity and network usage show measured engagement.


Trading activity and network usage align

Positive funding rates at approximately 11.6% annualized reflect ongoing interest in derivatives markets while the network processed approximately $1.29M in on-chain transfers over the past day.


Investors realizing losses amid activity

The network recorded 168 active addresses over the past day with on-chain data showing investors realizing losses at a SOPR (Spent Output Profit Ratio) of 0.9878.


Order book depth remains thin

Selling activity outpaced buying by roughly 1.89 times over the past day while available liquidity sits at approximately 0.68% of total value, reflecting limited market depth.


Consolidating while DeFi advances

DRIFT moved roughly

↗1.95%

over the past day while the broader DeFi category climbed approximately

↗7.54%

over the same period, showing sideways movement as peers rally.

Recent trends

The latest DRIFT price is €0.01064. Compared to Drift Protocol's value of €0.01 from 24 hours ago, there's been a 4% increase, while the current price is 11% up from €0.01 which was recorded one week ago. Drift Protocol's all time high is €2.53, 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 €6.49M, which is a result of multiplying the current price of Drift Protocol(€0.01) by the total supply(1,000,000,000 DRIFT). The fully diluted valuation of Drift Protocol is €10.62M. The diluted valuation of Drift Protocol is €10.62M.

Drift Protocol had 15 buyers, 7 sellers and total 20 trades in the last 24h. Drift Protocol was searched 41 times in the last 24h.

FAQ

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

The current market cap of Drift Protocol is €6.492M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Drift Protocol is €2.53. 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 €1.752M.

Assets that have a similar market cap to Drift Protocol include Build On BNB, Meta tokenized stock (xStock), FirmaChain, 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 304 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

#830

Contributors

36

Posts

38

% About Drift Protocol

0.009%

Articles

0

X (Twitter)

20.59% bullish

Sentiment

2.5 ★

Highlights

36 unique individuals are talking about Drift Protocol and it is ranked #830 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 2.5 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 26.92% of tweets with bullish sentiment compared to 30.77% of tweets with a bearish sentiment about Drift Protocol. 73.08% of tweets were neutral about Drift Protocol. These sentiments are based on 34 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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