Solana Ecosystem

<p>Drift is constructing a decentralized perpetual protocol utilizing the dynamic vAMM (DAMM) mechanism on Solana. Drift V2, introduced in mid-2022, has quickly risen to the top 5 perps in terms of TVL, thanks to its innovative hybrid liquidity solution.The protocol provides various derivative markets, including perps, spot, lending, etc.</p>

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<p>April 16, 2026 - Drift Protocol has raised $147.5M in a Debt round to support user recovery following the April 1 exploit. Tether is proposed to contribute up to $127.5 million and other partners are proposed to contribute $20 million.&nbsp;</p>

Velocity (prev. Drift Protocol)

Drift Protocol brings on-chain, cross-margined perpetual futures to Solana.

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Historical Data for Velocity (prev. Drift Protocol)