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Drift Protocol

DRIFTRank #1316DeFi

$0.0117

+2.38%24h

STRICT Score

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Analyzed on: Jun 2, 2026
By: Coira Research

Data from CoinGecko, on-chain analytics, and official project documentation. View methodology

Cryptocurrency
Drift Protocol (DRIFT)
Sector
DeFi
Market Cap Rank
#1316
Current Price
$0.0117
Market Capitalization
$8.35M

Cycle Potential

0x

cycle scenario · ~2029 window

Risk Level

0/10

Low Risk

Market Cap

$8.35M

Volume

$1.75M

Circulating Supply

715.23M

28.5% not yet in circulation

Total Supply

1.00B

Max: 1.00B

What is Drift Protocol?

Drift Protocol (DRIFT) is a decentralized finance protocol that provides financial services without traditional intermediaries like banks. It is currently ranked #1316 by market capitalization, trading at $0.0117 with a total market cap of $8.35M.

Type

DeFi

Symbol

DRIFT

Rank

#1316

How does Drift Protocol work?

Drift Protocol is a Solana-based decentralized perpetual futures and spot trading platform that combines an automated market maker (AMM), decentralized limit orderbook (DLOB), and Just-in-Time (JIT) auction system. Founded in 2021 by Cindy Leow and David Lu, the protocol raised $51.3 million from investors including Multicoin Capital, Blockchain Capital, and Primitive Ventures. Before a major security incident on April 1, 2026, Drift had grown to $550 million in TVL, over 175,000 unique...

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Entry #799 · published Jun 2, 2026 · commit ddabd10

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Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions. Cryptocurrency investments are volatile and carry significant risk.