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Drift Protocol

DEXRank #34

Launched: 2021-12-02

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Volume 24h
$75.40M
Volume 7d
$574.68M
Volume 30d
$2.15B
Vol. Change 24h
-0.02%
Trading Pairs
44
Coins Listed
45
Monthly Visits
65.1K
Weekly Visits
15.2K
Best Referral Code
N/A
Liquidity (24h)
N/A
Traffic Score
N/A
Maker / Taker Fee
N/A

Drift Protocol Trading Volume History

Daily 24h volume snapshots collected by DEXCEX

$79.10M$64.40M$49.70M$34.99MMar 25Apr 3Apr 28
Latest
$75.40M
Avg
$67.69M
Range
$38.67M – $75.43M
Period change
+5.19%

Trade on Drift Protocol

Access 44 trading pairs across 45 coins directly on Drift Protocol.

Tags

Decentralized Exchange (DEX) TokenDerivativesDEXOrder book ExchangeAuto Order Book Exchange

About Drift Protocol

Drift Protocol is a decentralized, fully on-chain perpetual swap exchange built on Solana. Drift Protocol is the first perpetual swap exchange to leverage a Dynamic AMM (DAMM). A Dynamic AMM is based on a virtual AMM (vAMM), but its key innovative is that it introduces repegging and adjustable k mechanisms to recalibrate liquidity in a trading pool based on participant demand.

DAMMs, as a result, have the ability to be more flexible than traditional vAMMs and AMMs, which lead to better capital efficiency and reduced slippage.

Drift Protocol in the DEX Ranking on dexcex.io

Drift Protocol is tracked in the DEX Ranking on dexcex.io alongside every other major decentralized exchange. It currently sits at #34 in our DEX Ranking based on DEX volume, liquidity and supported pairs.

Compare Drift Protocol's DEX volume against other top venues in the DEX Ranking on dexcex.io, then cross-check the largest tokens it lists in our crypto rankings to see where on-chain activity is concentrated.

dexcex.io combines the DEX Ranking, the CEX Ranking and full crypto rankings in one portal, so you can move from this Drift Protocol profile straight into the broader market context without leaving the site.

Frequently Asked Questions about Drift Protocol

What is Drift Protocol and is it a DEX or CEX?
Drift Protocol is a decentralized exchange (DEX), launched on 2021-12-02. As a DEX, it uses smart contracts and automated market makers (AMMs) to facilitate peer-to-peer trading without intermediaries.
How does Drift Protocol work?
Drift Protocol operates as a decentralized exchange where trades are executed via smart contracts on the blockchain. Users connect their crypto wallets (such as MetaMask, Phantom, or Trust Wallet) directly to the platform and swap tokens without depositing funds to a centralized entity. The platform currently supports 44 trading pairs. Transactions are settled on-chain, ensuring full transparency and user custody of assets at all times.
How does Drift Protocol differ from other decentralized exchanges?
Drift Protocol distinguishes itself among DEXs with a 24-hour trading volume of $75.40M. It is currently ranked #34 among DEX platforms on DEXCEX. Key differentiating factors for DEXs include the underlying blockchain, supported token standards, liquidity depth, trading fees, and whether the platform uses an AMM model or an on-chain order book.
What is Drift Protocol's 24h trading volume?
Drift Protocol currently has a 24-hour trading volume of $75.40M, which has changed by -0.02% compared to the previous day. The 7-day volume is $574.68M and the 30-day volume is $2.15B. DEX volume is a key indicator of exchange liquidity and activity.
How many trading pairs does Drift Protocol support?
Drift Protocol currently supports 44 trading pairs across 45 listed coins. More trading pairs generally means more options for traders to diversify their crypto portfolio.
What are Drift Protocol's trading fees?
Detailed fee information for Drift Protocol may vary by trading pair and user tier. Check the exchange's official fee schedule for the most up-to-date rates.
Where does Drift Protocol rank among DEX exchanges?
Drift Protocol is ranked #34 in the DEX ranking on DEXCEX based on trading volume, liquidity score and other key metrics.
What is the difference between a DEX and a CEX?
A DEX (decentralized exchange) lets users trade crypto directly from their wallets via smart contracts — there is no central authority holding funds. A CEX (centralized exchange) acts as a middleman, holding user deposits and matching orders through a centralized order book. DEXs offer self-custody and transparency, while CEXs typically provide faster execution, fiat on-ramps, and more advanced trading products. Drift Protocol is a DEX, meaning users retain custody of their assets.
How much web traffic does Drift Protocol receive?
Drift Protocol receives approximately 65.1K monthly visits (15.2K weekly). Web traffic is an important metric for evaluating exchange popularity and user adoption in DEX rankings.
What is Drift Protocol's liquidity score?
The liquidity score for Drift Protocol is currently not available. Liquidity is a critical factor for trade execution quality and is factored into DEX rankings on DEXCEX.
Is Drift Protocol safe to use for crypto trading?
Drift Protocol is listed on DEXCEX. As a decentralized exchange, users maintain custody of their own funds through non-custodial wallets. Always verify smart contract addresses and use hardware wallets for large trades. DEXCEX provides data and rankings but does not endorse any specific exchange.