| General information | |
|---|---|
| Global rank: | 287 |
| Name: |
Drift |
| Symbol: | DRIFT |
| Current coin price (PHP): | 36.54 ₱ |
| Last hour: | arrow_upward1.01 % |
| Last 24 hours: | arrow_downward-7.52 % |
| Last 7 days: | -4.57 %trending_down |
| Capitalisation (PHP): | 8 410 222 893.40 ₱ |
| Volume 24h (PHP): | 785 207 777.15 ₱ |
| Available supply: | 230 143 911.00 DRIFT |
| Total coin supply: | -1 DRIFT |
| Start date: | 2024-03-28 |
Drift/Philippine Peso (DRIFT/PHP) price chart
Drift/Philippine Peso (DRIFT/PHP) 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).