{
  "url": "https://blockindex.ai/coin/drift",
  "name": "Drift",
  "links": {
    "github": null,
    "website": "https://drift.trade/",
    "whitepaper": "https://docs.drift.trade/"
  },
  "dScore": 27,
  "market": {
    "priceUsd": 0.016260237890104064,
    "marketCapUsd": 9943392.773190754,
    "volume24hUsd": 4638387.12911844,
    "priceChange7dPct": 1.81953919,
    "priceChange24hPct": -3.83199153
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 611515824.085346,
    "circulatingPct": null
  },
  "ticker": "DRIFT",
  "founder": "Cindy Leow, Josh Chand",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:20.639866+00:00",
  "fairLaunch": false,
  "launchYear": 2024,
  "description": "Drift is a Solana-native derivatives and margin trading protocol built around a performance-first design focused on low-latency, gasless execution and institutional-grade risk controls. Founded with the aim of delivering permissionless perpetuals and cross-margin trading, Drift positions itself as a trading hub that integrates directly with market makers to provide deep liquidity and competitive execution for traders. The DRIFT token serves as the governance and incentive token for the protocol, used across rewards programs, staking-like incentives within the product suite, and governance proposals. Public materials emphasize a combination of retail and institutional product goals, including high leverage offerings, real-time risk management and a set of on-chain primitives intended for derivatives markets on Solana.\n\nTechnically, Drift is implemented as a suite of Solana programs and SPL token contracts designed to leverage Solana's low-latency architecture. The protocol offers permissionless margin and perpetual trading across dozens of markets, a virtual AMM (vAMM) model for liquidity provisioning, real-time risk engines, circuit breakers, and a liquidation engine intended to reduce systemic risk. Drift emphasizes gasless trading strategies that move order execution logic closer to market makers and on-chain risk controls to support leveraged trading up to the high levels cited in marketing materials. Contracts are described as open-source and the project publishes documentation, though full repository links and license details were not provided in the supplied files.\n\nIn terms of tokenomics and market footprint, the DRIFT token has a maximum supply of 1,000,000,000 DRIFT and a circulating supply snapshot in the provided data of approximately 494.55M DRIFT. Market data snapshots included in the supplied materials show active trading volume, tens of thousands of holders, and price volatility with a reported all-time high of $2.96 (Nov 9, 2024) and an all-time low of $0.10 (May 16, 2024). The DRIFT token is tracked on CoinMarketCap and CoinGecko and is distributed across centralized and decentralized exchanges; a $25M fundraising round is referenced in public materials but was not documented as an ICO or token-sale event in the supplied files. Specific premine, PIP and vesting schedules were not included in the dataset.\n\nGovernance for Drift is described in the provided sources as DAO-oriented, with token-holder voting referenced in several scraped summaries. The project materials reference governance using the DRIFT token, though details on on-chain proposal mechanics, treasury management and detailed governance timetables were not included in the provided dataset. Team and company-level legal entity information are sparse in the supplied files; founders named in the extraction include Cindy Leow and Josh Chand, but no explicit CEO, corporate registry or foundation documentation was provided. Overall, the supplied materials depict Drift as an active Solana DeFi derivatives protocol with measurable on-chain activity and market presence, but with several standard disclosures (detailed token allocation, license, full audit reports and dated launch/TGE information) missing from the provided snippets.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "N/A",
    "parentChain": "SOL"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 7,
    "governance": 20,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}