Drift Trade protocol
Overview
Drift Protocol is a decentralized perpetual exchange built on Solana. It offers leveraged trading of perpetual futures using a virtual automated market maker (vAMM) and a dynamic risk engine. The protocol is non-custodial and governed by the DRIFT token. On 1 April 2026, Drift suffered a DPRK-linked exploit that drained roughly $285–295M (over half of its total value locked) via pre-signed Solana durable-nonce transactions; Tether and partners committed up to about $147.5M toward user recovery and the protocol is undergoing a security-first relaunch (as of 2026-07-15).
Within the DeFi Intel graph, Drift Trade connects to 1 tracked entity, most strongly to Solana.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Solana | 95% |
Sources
Frequently asked questions
What is Drift Protocol?
Drift Protocol is a decentralized perpetual exchange built on Solana that offers leveraged trading of perpetual futures using a virtual automated market maker (vAMM) and a dynamic risk engine.
What chain does Drift Trade run on?
Drift Trade runs on the Solana blockchain.
Is Drift Protocol custodial and how is it governed?
Drift Protocol is non-custodial and is governed by the DRIFT token.