Overview
Drift Protocol(DRIFT)
Token Price$0.018
24h Change+9.06%
All Time HighNov 9, 2024$2.6
All Time LowJun 6, 2026$0.016
Key Metrics
Market Cap$10.99m
Fully Diluted Valuation$17.98m
Circ. Supply611.52m DRIFT
Max Supply1b DRIFT
Outstanding FDV$17.98m
Volume 24h$4.95m
CEX Volume$15.64m
DEX Volume$1.32m
Token Liquidity$736,867
Orca DEX · Solana$672,624
Raydium AMM · Solana$64,243
Total Raised$25m
Series B · Sep 19, 2024$25m
Income Statement for Drift
| Q2 2026* | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | |
|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $2.47M | $6.16M | $11.79M | $13.78M | $7.80M | $7.68M | $9.08M | $3.75M | $1.42M |
| Deposit/Withdraw Fees | $46.35K | $74.39K | $73.22K | $212.31K | $148.08K | $49.99K | $62.24K | $20.16K | |
| Staking Rewards | $2.41M | $3.11M | $4.26M | $5.38M | $3.83M | $1.85M | $1.20M | $109.43K | |
Cost of Revenue | $2.41M | $3.11M | $4.26M | $5.38M | $3.83M | $1.85M | $1.20M | $109.43K | $0 |
| Staking Rewards | $2.41M | $3.11M | $4.26M | $5.38M | $3.83M | $1.85M | $1.20M | $109.43K | |
Gross Profit | $58.61K | $2.49M | $5.98M | $6.53M | $3.05M | $4.25M | $5.79M | $2.58M | $967.05K |
| Deposit/Withdraw Fees | $46.35K | $74.39K | $73.22K | $212.31K | $148.08K | $49.99K | $62.24K | $20.16K | |
Incentives | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Earnings | $58.61K | $2.49M | $5.98M | $6.53M | $3.05M | $4.25M | $5.79M | $2.58M | $967.05K |
Token Holder Net Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Markets
Token Rights and Value Accrual
Updated Feb 20, 2026Overview
- Token(s)
- DRIFT
- Token Type
- Governance
- Utility
- N/A
DRIFT is the governance token of Drift Protocol, allowing holders to propose and vote on various protocol changes & improvements
Governance Rights
ControlThe Foundation facilitates the coordination of decisions and initiatives from the token holders and the DAO. Participating in idea submission, commentary, proposal submission, and voting is restricted to Drift DAO members.
Governance Decisions
Holding DRIFT tokens is the only requirement for membership in the DAO. DAO members can vote on treasury, business development, marketing upgrades, fee splits and future planning / strategy. Token holders vote on decisions shaping the protocol's future via a multi-branch DAO structure. Realms DAO governs overall protocol development and elects Security Council. Security Council governs risk parameters & upgrades.
Treasury Decisions
Most revenue flows to Protocol-owned Holdings
Revenue Decisions
Security Council is resposible for fee parameters, elected by DAO votes
Fee Switch
OFFResources
Equity Statement
DIP-9 outlined sending $9 million USDC from collected protocol fees (previously titled Protocol-Owned Holdings) to Drift Labs to proactively fund 6 months of Drift Labs expenses. Estimated expenses are set at $1.5 million USDC per month, for an initial period of two years, after which the security council may propose continuation or sunset.
Economic Rights
Value CaptureCurrently trading fees are split between Insurance Fund (10%), Drift Liquidity Pool (10%), and protocol-owned holdings (80%). There are community discussions ongoing regarding the use of excess fees to acquire DRIFT tokens.
Buybacks
N/ADividends
N/ANo dividend or revenue distribution is currently active
Burns
N/ANo burn mechanism is currently active
Ownership
- Fundraising
- Unknown
- Equity Revenue Capture
- Yes
- Associated Entities
- DAOFoundationLabs
Token Usage
An is required to view token usage.
Unlocks
An is required to view token unlocks.
Yields
Tracking 3 pools, average APY 97.44%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabSOL-DRIFT | $28,834 | 244% | 244% | 241% | |||||
| open in new tabDRIFT-JITOSOL | $11,286 | 0% | 0% | 0% | |||||
| open in new tabSWARMS-DRIFT | $10,295 | 48.27% | 48.27% | 47.46% |