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 claims first position in DeFi with ↗62% monthly gains, although declining ↘7% recently.
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Trading Insights
Buyer Ratio
Traders
446
-62.77%
Buyers
245
-75.4%
Sellers
256
-41.15%
Searched
625
Market Stats
Market Cap
S$397.96M
-8.67%
FDV
S$1.08B
Circ. Supply
367M DRIFT
Max Supply
1B DRIFT
Total Supply
1B DRIFT
Diluted Valuation
S$1.09B
Performance
Popularity
#166
Dominance
0.01%
Volume (24H)
S$75.73M
-67.77%
Volume (7D)
S$1.59B
Volume (30D)
S$2.69B
All time high
S$3.80
Price Change (1Y)
20.49%
Additional details
Market details
DRIFT vs markets
↘ 35.64%
DRIFT vs BTC
↘ 34.1%
DRIFT vs ETH
↘ 29.52%
Tags
decentralized-exchange-dex-token
defi
derivatives
governance
+3
Network & Addresses
Network | Address | |
|---|---|---|
Solana | DriFtupJYLTosbwoN8koMbEYSx54aFAVLddWsbksjwg7 |
Price history
Time | Price | Change |
|---|---|---|
Today | S$1.07 | ↘ 10.18% |
1 Day | S$1.20 | ↘ 10.18% |
1 Week | S$0.84 | ↗ 27.55% |
1 Month | S$0.66 | ↗ 63.19% |
1 Year | S$0.90 | ↗ 20.49% |
Coinbase insights
Happening now
AI generated 8h ago
DRIFT claims first position in DeFi with ↗62% monthly gains, although declining ↘7% recently.
Market Position
•
Weekly performance ↗28% dramatically outpaces DeFi category average ↘6% decline
•
Ranks in top-ten DeFi protocols by trading volume despite ↘53% volume drop
•
Daily decline ↘8% underperforms total crypto market's ↘2% decrease
Recent trends
The latest DRIFT price is S$1.07. Compared to Drift Protocol's value of S$1.20 from 24 hours ago, there's been a -10% decrease, while the current price is 28% up from S$0.84 which was recorded one week ago. Drift Protocol's all time high is S$3.80, which was reached on November 9, 2024. This is a -72% change from its price today.
The current circulating supply of Drift Protocol is 367,425,784. This is 37% of its max supply of 1,000,000,000 DRIFT and 37% of its total supply of 1,000,000,000. The market cap is currently S$397.96M, which is a result of multiplying the current price of Drift Protocol(S$1.07) by the total supply(1,000,000,000 DRIFT). The fully diluted valuation of Drift Protocol is S$1.08B. The diluted valuation of Drift Protocol is S$1.08B.
Drift Protocol had 245 buyers, 256 sellers and total 446 trades in the last 24h. Drift Protocol was searched 625 times in the last 24h.
FAQ
We update our Drift Protocol to SGD currency in real-time. Get the live price of Drift Protocol on Coinbase.
The current market cap of Drift Protocol is S$397.96M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Drift Protocol is S$3.80. 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 S$75.73M.
Assets that have a similar market cap to Drift Protocol include Snek, Bio Protocol, Berachain, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Drift Protocol is 367 million.
Drift Protocol ranks 259 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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Social stats
Popularity in posts
#265
Contributors
464
Posts
958
% About Drift Protocol
0.087%
Hold times
0 days
X (Twitter)
53.53% bullish
Sentiment
4.2 ★
Highlights
464 unique individuals are talking about Drift Protocol and it is ranked #265 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 84 out of 5. Finally, Drift Protocol is becoming less newsworthy, with 0 news articles published about Drift Protocol.
On Twitter, people are mostly bullish about Drift Protocol. There were 57.64% of tweets with bullish sentiment compared to 7.69% of tweets with a bearish sentiment about Drift Protocol. 42.36% of tweets were neutral about Drift Protocol. These sentiments are based on 918 tweets.
On Reddit, Drift Protocol was mentioned in 8 Reddit posts and there were 1 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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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.