Drift Protocol
OtherRank #31Drift Protocol is a decentralized, fully on-chain perpetual swap exchange built on Solana. Drift Protocol is the first perpetual swap exchange to leverage a Dynamic AMM (DAMM). A Dynamic AMM is based on a virtual AMM (vAMM), but its key innovative is that it introduces repegging and adjustable k mechanisms to recalibrate liquidity in a trading pool based on participant demand. DAMMs, as a result, have the ability to be more flexible than traditional vAMMs and AMMs, which lead to better capital efficiency and reduced slippage.
24H Volume
$75.40M
-0.02% (24h)
7D Volume
$574.68M
+27.48% (7d)
30d Volume
$2.15B
+93.53% (30d)
Open Interest
—
Volume Breakdown (24h)
Derivatives Volume
$75.40M
Trading Markets
44
Date Launched
Dec 2021
Exchange Type
other
Visits
65.8K
Supported Assets
45
Volume History (30d)
Avg Daily Vol (30d)
$63.60M
Peak Daily Vol (30d)
$75.43M
Daily 24h volume over the last 30 days · Drift Protocol
About Drift Protocol
Drift Protocol is a decentralized, fully on-chain perpetual swap exchange built on Solana. Drift Protocol is the first perpetual swap exchange to leverage a Dynamic AMM (DAMM). A Dynamic AMM is based on a virtual AMM (vAMM), but its key innovative is that it introduces repegging and adjustable k mechanisms to recalibrate liquidity in a trading pool based on participant demand. DAMMs, as a result, have the ability to be more flexible than traditional vAMMs and AMMs, which lead to better capital efficiency and reduced slippage.