Gate News message. On April 3, according to Gate market data, as of the time of writing, DRIFT (Drift Protocol) is trading at $0.0561. It has risen 24.16% over the past 24 hours, reaching a high of $0.0659 and falling to a low of $0.0377. The 24-hour trading volume is $1.0341 million. The current market cap is approximately $32.6213 million.
Drift Protocol is a decentralized exchange. It is open source and built on the Solana blockchain. At the application layer, the Drift protocol supports low slippage and low fees, minimizing the impact of all trades on prices. Drift offers four main products: spot trading, perpetual trading, lending, and passive liquidity provision. As one of the most reliable trading platforms on Solana, Drift provides deep liquidity, lightning-fast execution, and institutional-grade security. It supports permissionless trading across 50+ markets, allowing users to use any token as collateral and obtain up to 101x leverage. At the same time, the platform offers up to 16% annualized returns and has been audited by industry-leading security audit firms.
Important recent news regarding DRIFT:
1️⃣ Korean exchanges take risk control measures
Korean major trading platforms have designated DRIFT as a trading alert project, and deposit and withdrawal services have been restricted. A certain leading CEX has closed DRIFT’s deposit and withdrawal channels; going forward, only withdrawal services will be restored. This move is intended to protect users and reflects the exchanges’ cautious stance toward the project’s risks.
2️⃣ Risk alert triggered by a security incident
According to assessments by the trading platforms, Drift Protocol has security incidents such as hacker attacks with unknown causes or unresolved issues, which could lead to losses of users’ assets. This is the main reason the platform has taken warning measures.
3️⃣ Expanded price volatility range
Although Gate market data shows DRIFT is up 24.16% in the past 24 hours, other market data indicates that the coin has recently experienced significant volatility, reflecting a split in investor confidence after the security incident.
This message does not constitute investment advice. Please be mindful of market volatility risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gate Daily (April 17): Musk’s X Money hits a roadblock with New York crypto regulation; Yuga Labs appoints a new CEO
Bitcoin (BTC) is flat at $74,920. A ceasefire between Israel and Lebanon has taken effect, and Trump says Iran agreed not to develop nuclear weapons. Mizuho Bank warns that Musk’s X Money could be affected by New York’s crypto regulation. Yuga Labs replaces its CEO: Greg Solano becomes Chairman of the Board, and Michael Figge takes over. The market is broadly optimistic. A record-high Bitcoin buying wave in the past decade has emerged, suggesting the price may be moving toward $90,000.
MarketWhisper1h ago
Solana and Ripple's 'XRP' Posts Highlight $100M Wrapped XRP Integration
Solana's recent post about "XRP" led to Ripple's reply, influencing XRP's price. This comes amid the launch of wrapped XRP on Solana through Hex Trust and LayerZero, attracting significant liquidity, highlighting an evolving collaboration in the crypto space.
GateNews15h ago
Gate Daily Report (April 16): Tether may have purchased 951 BTC; Virginia enacts crypto property law
Bitcoin continues to rise, reaching $74,630. Tether uses its profits to buy 951 bitcoins. Virginia passes an unclaimed property law, requiring idle cryptocurrency to be transferred to the state government. U.S. stocks are driven by tech stocks, and the S&P 500 index hits a new high. Crypto market dynamics show that investors are paying attention to geopolitical conditions and U.S. monetary policy.
MarketWhisper04-16 01:46
Polygon Launches sPOL to Unlock $3.6B in Staked POL and Boost Staker Rewards
Polygon has launched sPOL, a liquid staking token, enabling greater liquidity for staked POL tokens. Audited for security, sPOL allows stakers to earn rewards while using assets in DeFi, with initial liquidity from the treasury and live pools on Uniswap V4.
GateNews04-15 07:12
XRP Today News: CLARITY Act Pushes Through in May, Standard Chartered Bank Turns Bullish on $8
Ripple CEO Garlinghouse confirmed at the summit that the CLARITY Act’s goal for passage is by the end of May, and said that the controversy surrounding stablecoin yield rates is nearing resolution. If the bill passes, XRP is expected to rise to $5–$10; otherwise, it could fall back to $1.2. The bill’s passage would create a regulatory framework for the digital asset market, clarify XRP’s classification as a commodity, and reduce compliance barriers for institutional investors.
MarketWhisper04-15 02:58
Gate Daily Report (April 15): X launched Cashtags to provide encrypted financial data functionality; Bitcoin halving has completed 50%
Bitcoin (BTC) continues to rise, reaching $74,670 on April 15. On the X platform, Cashtags were launched in the United States and Canada, integrating real-time financial data and trading. With the Bitcoin halving underway, there are only 105,000 blocks left until the next reward halving. Market sentiment is optimistic, and the US stock market also recorded gains. Among various crypto-news updates, the ARIA token price has crashed, and events such as Virginia’s new law incorporating digital assets have been reported.
MarketWhisper04-15 01:48
