Total Value Locked$642,593
TVL by Chain
Solana$642,593
Key Metrics
Cumulative Fees$41.1m
Cumulative Fees by chain
Solana$41.1m
Cumulative Revenue$31.04m
Cumulative Revenue by chain
Solana$31.04m
Cumulative Perp Volume$148.152b
Cumulative Perp Volume by chain
Solana$148.152b
Staked$0
Total Raised$27.3m
Oct 26, 2021$3.8mRound: SeedInvestors: Alameda Research, Jump Capital, Multicoin Capital, Not3Lau Capital, QCP Capital
May 22, 2023$23.5mRound: Series AInvestors: Polychain Capital, Anatoly Yakovenko, Raj Gokal, Ethereal Ventures, Folius Ventures
Protocol Information
Drift brings on-chain, cross-margined perpetual futures to Solana. Making futures DEXs the best way to trade.
Audits:
Methodology
TVL: Calculate sum across all program token accountsView code on GitHubFees: Fees paid by usersView code on GitHubRevenue: Treasury and token holders revenueView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubHacks
Date: May 11, 2022
Amount: $14.5m
Classification: Market Manipulation
Technique: Risk Parameter Abuse
Chains: Solana
Language: Rust
Target Type: DeFi Protocol
Returned Funds: $14.5m
Date: Apr 1, 2026
Amount: $295m
Classification: Access Control
Technique: Proxy Upgrade Hijack
Chains: Solana
Language: Rust
Target Type: DeFi Protocol
Competitors
Drift Trade history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Dec 4, 2021 to Oct 19, 2026.
All-time high TVL: $1.113b on Oct 10, 2025. All-time low TVL: $447,227 on May 27, 2022.
Daily TVL, Sep 20, 2026 to Oct 19, 2026
| Date | TVL |
|---|---|
| Sep 20, 2026 | $642,466 |
| Sep 21, 2026 | $642,494 |
| Sep 22, 2026 | $642,570 |
| Sep 23, 2026 | $642,581 |
| Sep 24, 2026 | $642,573 |
| Sep 25, 2026 | $642,529 |
| Sep 26, 2026 | $642,593 |
| Sep 27, 2026 | $642,585 |
| Sep 28, 2026 | $642,551 |
| Sep 29, 2026 | $642,621 |
| Sep 30, 2026 | $642,575 |
| Oct 1, 2026 | $642,540 |
| Oct 2, 2026 | $642,614 |
| Oct 3, 2026 | $642,622 |
| Oct 4, 2026 | $642,642 |
| Oct 5, 2026 | $642,635 |
| Oct 6, 2026 | $642,651 |
| Oct 7, 2026 | $642,606 |
| Oct 8, 2026 | $642,480 |
| Oct 9, 2026 | $642,427 |
| Oct 10, 2026 | $642,488 |
| Oct 11, 2026 | $642,474 |
| Oct 12, 2026 | $642,469 |
| Oct 13, 2026 | $642,473 |
| Oct 14, 2026 | $642,568 |
| Oct 15, 2026 | $642,484 |
| Oct 16, 2026 | $642,398 |
| Oct 17, 2026 | $642,620 |
| Oct 18, 2026 | $642,538 |
| Oct 19, 2026 | $642,550 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $785.27m |
| Dec 31, 2024 | $802.55m |
| Jan 31, 2025 | $946.35m |
| Feb 28, 2025 | $841.06m |
| Mar 31, 2025 | $748.38m |
| Apr 30, 2025 | $786.53m |
| May 31, 2025 | $772.93m |
| Jun 30, 2025 | $698.51m |
| Jul 31, 2025 | $802.88m |
| Aug 31, 2025 | $916.27m |
| Sep 30, 2025 | $977.57m |
| Oct 31, 2025 | $951.49m |
| Nov 30, 2025 | $647.29m |
| Dec 31, 2025 | $478.47m |
| Jan 31, 2026 | $396.4m |
| Feb 28, 2026 | $335.95m |
| Mar 31, 2026 | $307.24m |
| Apr 30, 2026 | $6.32m |
| May 31, 2026 | $6.28m |
| Jun 30, 2026 | $643,293 |
| Jul 31, 2026 | $642,475 |
| Aug 31, 2026 | $642,593 |
| Sep 30, 2026 | $642,575 |
| Oct 19, 2026 (latest) | $642,550 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $4.16m |
| Dec 31, 2022 | $1.61m |
| Dec 31, 2023 | $117.46m |
| Dec 31, 2024 | $802.55m |
| Dec 31, 2025 | $478.47m |
Fees and revenue by UTC calendar month, Sep 2024 to Aug 2026
| Month | Fees | Revenue |
|---|---|---|
| Sep 2024 | $616,443 | $472,826 |
| Oct 2024 | $1.19m | $892,461 |
| Nov 2024 | $2.96m | $2.31m |
| Dec 2024 | $3.66m | $2.54m |
| Jan 2025 | $2.38m | $1.8m |
| Feb 2025 | $2.18m | $1.55m |
| Mar 2025 | $1.22m | $850,436 |
| Apr 2025 | $1.04m | $790,585 |
| May 2025 | $1.68m | $1.29m |
| Jun 2025 | $1.1m | $821,576 |
| Jul 2025 | $2.16m | $1.63m |
| Aug 2025 | $3.08m | $2.44m |
| Sep 2025 | $2.94m | $2.25m |
| Oct 2025 | $4.23m | $3.22m |
| Nov 2025 | $2.17m | $1.78m |
| Dec 2025 | $1.06m | $908,529 |
| Jan 2026 | $1.31m | $1.04m |
| Feb 2026 | $1.01m | $819,263 |
| Mar 2026 | $661,677 | $558,257 |
| Apr 2026 | $13,491 | $12,254 |
| May 2026 | $0 | $0 |
| Jun 2026 | $0 | $0 |
| Jul 2026 | $0 | $0 |
| Aug 2026 | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/drift-trade
Frequently asked questions
What is Drift Trade's TVL?
As of Oct 19, 2026, Drift Trade has $642,593 in total value locked. TVL has increased <0.1% over the past 30 days.
What chains does Drift Trade operate on?
Drift Trade operates on Solana. Solana holds the largest share at 100%.
How does Drift Trade's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Drift Trade ranks #57 by TVL. The category holds $1.961b across 423 protocols, and Drift Trade accounts for <0.1% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX Solana, Phoenix Perp, BULK, TurboFlow Perps, Bumpin Trade, Cardboard Trade, Parcl V3, Lavarage, and Wasabi Perps.
Has Drift Trade ever been exploited?
Drift Trade has 2 recorded security incidents. The most recent incident occurred on Apr 1, 2026 and involved $295m. It was classified as Access Control.