Drift is a blockchain-based platform focused on decentralized derivatives trading. It provides perpetual swap trading with high leverage and low fees, enabling traders to engage in secure and efficient market activities. The DRIFT token powers the ecosystem by facilitating governance, staking, and transaction payments, making it an integral part of the platform.

Drift was founded in 2022 by Cindy Leow and Josh Chand. The platform’s focus on transparency, efficiency, and low costs has made it a popular choice for traders.

• Perpetual trading: Enables high-leverage trading of crypto assets with perpetual swaps.

• Low fees: Offers competitive trading fees compared to traditional exchanges.

• Governance: DRIFT token holders can vote on platform upgrades and decisions.

• Staking: Users can stake DRIFT tokens to earn rewards and support the ecosystem.

Drift’s focus on decentralizing derivatives trading positions it well in the evolving blockchain space. Ranked among the top 250 cryptos by market cap, DRIFT has strong potential as decentralized finance (DeFi) continues to grow. Analysts predict significant adoption of Drift due to its user-friendly trading options and efficient platform design.

The current price of DRIFT, as of 30 January 2025, is ₹82. You can buy DRIFT from crypto exchanges like CoinSwitch.

• Trading: Engage in perpetual swap trading with competitive leverage and low fees.

• Staking: Stake DRIFT tokens to earn rewards and contribute to platform security.

• Governance: Participate in decision-making by voting on proposals using DRIFT tokens.

• Transaction fees: Use DRIFT tokens to pay for trading and platform fees.

• Provides decentralized and transparent derivatives trading.

• Offers low fees and high-leverage trading options.

• Supports staking and governance opportunities for DRIFT holders.

• Faces competition from other decentralized trading platforms like dYdX.

• Market adoption depends on attracting both traders and liquidity providers.

• High volatility due to its focus on derivatives trading.

• Start investing in DRIFT with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for all users.

• Easily manage your transactions and portfolios on the app.

Drift (DRIFT) is a decentralized trading platform that offers perpetual swaps and other derivatives on the Solana blockchain. The platform aims to provide a seamless and efficient trading experience with low fees and high-speed transactions. The native token, DRIFT, is used for governance, staking, and fee discounts. Specific details about the total supply and token distribution are not readily available.