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Drift DRIFT |
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$0.5696761 |
-3.5% (24h) |
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Marketcap |
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$205,899,890 |
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Volume 24h |
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$20,533,464 |
Description
Drift is a decentralized perpetual trading protocol that offers users the ability to trade assets without the need for traditional centralized exchanges.
The platform uses decentralized liquidity pools and innovative algorithms to facilitate perpetual contracts, which allow traders to speculate on the price movements of assets without an expiration date.
Drift aims to provide a seamless trading experience with low slippage and high capital efficiency, giving traders the flexibility to manage their positions with precision.
The protocol also focuses on ensuring low fees and high-speed transactions to cater to both retail and institutional traders.
Drift’s native token is used for governance and rewarding liquidity providers within the platform.