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 dropped ↘10% in the last 24 hours while gaining roughly 11% over 14 hours.

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CA$0.04533

Trading Insights

Buyer Ratio

75%0%

Traders

89

35.04%

Buyers

67

28.72%

Sellers

37

35.09%

Searched

266

Market Stats

Market Cap

CA$27.12M

11.06%

FDV

CA$45.84M

Circ. Supply

591M DRIFT

Max Supply

1B DRIFT

Total Supply

1B DRIFT

Diluted Valuation

CA$47.47M

Performance

Popularity

#681

Dominance

0%

Volume (24H)

CA$29.72M

29.22%

Volume (7D)

CA$226.32M

Volume (30D)

CA$897.78M

All time high

CA$4.13

Price Change (1Y)

Not enough data

93.7%

Additional details

Market details

DRIFT vs markets

↘ 92.8%

DRIFT vs BTC

↘ 92.18%

DRIFT vs ETH

↘ 94.46%

Tags

decentralized-exchange-dex-token

defi

derivatives

governance

+3

Network & Addresses

Network
Address

Solana

DriFtupJYLTosbwoN8koMbEYSx54aFAVLddWsbksjwg7

Price history

Time
Price
Change
Today
CA$0.04533
-13.33%
1 Day
CA$0.05229
-13.33%
1 Week
CA$0.09313
-51.49%
1 Month
CA$0.1229
-63.89%
1 Year
CA$0.7335
-93.70%

Coinbase insights

Happening now

AI generated 8h ago

DRIFT dropped ↘10% in the last 24 hours while gaining roughly 11% over 14 hours.


Market Position

Ranks sixth in DeFi category by volume despite ↘55% trading decline

Weekly losses of ↘45% significantly underperform category leader JUP's ↗8% gains

Monthly drop of ↘57% trails JUP's ↗18% returns among DeFi peers

Recent trends

The latest DRIFT price is CA$0.04533. Compared to Drift Protocol's value of CA$0.05 from 24 hours ago, there's been a -13% decrease, while the current price is -51% down from CA$0.09 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 591,497,867. This is 59% of its max supply of 1,000,000,000 DRIFT and 59% of its total supply of 1,000,000,000. The market cap is currently CA$27.12M, which is a result of multiplying the current price of Drift Protocol(CA$0.05) by the total supply(1,000,000,000 DRIFT). The fully diluted valuation of Drift Protocol is CA$45.84M. The diluted valuation of Drift Protocol is CA$45.84M.

Drift Protocol had 67 buyers, 37 sellers and total 89 trades in the last 24h. Drift Protocol was searched 266 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$27.115M. 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$29.721M.

Assets that have a similar market cap to Drift Protocol include MAX Exchange Token, Anoma, WINk, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Drift Protocol is 591 million.

Drift Protocol ranks 284 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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Drift Protocol news

Social stats

Popularity in posts

#27

Contributors

1,964

Posts

2,753

% About Drift Protocol

0.293%

Articles

16

X (Twitter)

18.03% bullish

Sentiment

1.6 ★

Highlights

1,964 unique individuals are talking about Drift Protocol and it is ranked #27 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 1.6 out of 5. Finally, Drift Protocol is becoming less newsworthy, with 16 news articles published about Drift Protocol.

On Twitter, people are mostly neutral about Drift Protocol. There were 26.48% of tweets with bullish sentiment compared to 46.82% of tweets with a bearish sentiment about Drift Protocol. 73.52% of tweets were neutral about Drift Protocol. These sentiments are based on 2656 tweets.

On Reddit, Drift Protocol was mentioned in 19 Reddit posts and there were 1113 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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