Drift Protocol company
Overview
Drift Protocol is a decentralized exchange (DEX) on Solana for perpetual futures trading. It combines a virtual automated market maker (vAMM) with an off-chain order book to provide liquidity and limit order functionality. Traders can use multiple collateral types and access features such as dynamic funding rates and an insurance fund.
On April 1, 2026, Drift was hit by an exploit that drained roughly $285 million — the largest DeFi hack of 2026 at the time. Investigators (TRM Labs, Elliptic, Chainalysis) attributed it with medium confidence to a North Korean (DPRK) group that spent months on social engineering, ultimately obtaining privileged admin access and using a fake token and manipulated oracle to drain vaults.
Within the DeFi Intel graph, Drift Protocol connects to 1 tracked entity, most strongly to Multicoin Capital.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
backed_by | Multicoin Capital | 70% |
More on Drift Protocol
Frequently asked questions
Which blockchain is Drift on?
Solana.
What can you trade on Drift?
Perpetual futures across many markets with leverage, alongside deposits that earn yield and borrow/lend functionality.
Is there a DRIFT token?
Yes. DRIFT can be staked, including into a safety module associated with the protocol.
Related reading
- Drift vs Aevo (2026): Which DEX for Perps and Options?
- Drift Protocol vs Lyra Finance (2026): Full Comparison
- Drift vs Vertex (2026): Full Comparison
- dYdX vs Drift Protocol (2026): Full Comparison
- GMX vs Drift Protocol (2026): Full Comparison
- Hyperliquid vs Drift Protocol (2026): Full Comparison
Sources
Facts on this page were verified against the following sources.