Logo of Drift TradeDrift Trade(DRIFT)

Total Value Locked$642,627

TVL by Chain

Solana$642,627

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$148.551b
Cumulative Perp Volume by chain

Solana$148.551b

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.

WebsiteX/Twitter
Category:Derivatives

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 GitHub

Hacks

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

Jupiter Perpetual Exchange ($817.62m)GMX Solana ($28.26m)Pacifica Perps ($26.03m)BULK ($8.03m)TurboFlow Perps ($6.44m)Bumpin Trade ($4.56m)Parcl V3 ($1.09m)Wasabi Perps ($757,882)Lavarage ($733,641)Adrena Protocol ($327,839)

Frequently Asked Questions

What is Drift Trade's TVL?

Drift Trade currently has $642,627 in total value locked. TVL has decreased <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 #61 by TVL. The category holds $2.181b across 420 protocols, and Drift Trade accounts for <0.1% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX Solana, Pacifica Perps, BULK, TurboFlow Perps, Bumpin Trade, Parcl V3, Wasabi Perps, Lavarage, and Adrena Protocol.

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.