| General information | |
|---|---|
| Global rank: | 273 |
| Name: |
Drift |
| Symbol: | DRIFT |
| Current coin price (PGK): | 0.802 K |
| Last hour: | arrow_downward-2.10 % |
| Last 24 hours: | arrow_downward-1.09 % |
| Last 7 days: | 17.50 %trending_up |
| Capitalisation (PGK): | 443 249 754.90 K |
| Volume 24h (PGK): | 160 617 550.89 K |
| Available supply: | 552 929 705.00 DRIFT |
| Total coin supply: | -1 DRIFT |
| Start date: | 2024-03-28 |
Drift/Papua New Guinean Kina (DRIFT/PGK) price chart
Drift/Papua New Guinean Kina (DRIFT/PGK) capitalisation and volume charts
Drift Protocol is a decentralized exchange constructed on the Solana blockchain. It facilitates non-custodial trading of cryptocurrencies, specifically focusing on perpetual swaps. The platform allows users to trade with leverage, engage in borrowing and lending, and participate in liquidity provision and staking.
Drift Protocol enables on-chain trading of perpetual futures using a cross-margined mechanism. This allows users to manage trades in a decentralized environment, leveraging features that include borrowing at variable rates, staking for yields, and swapping spot tokens. The protocol employs a Just-In-Time Auction mechanism and a Keeper Network to manage order execution and liquidity.
Drift Protocol was co-founded by Cindy Leow and David. They aimed to merge the efficiency and user experience of centralized exchanges (CEX) with the autonomy and transparency of decentralized finance (DeFi).