Drift Protocol
Market Open
13 Sep, 07:51
$
0. 011870
+0.00016
+1.3664%
$
1.36M Volume
$ 0.01171
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DRIFTUSD Overview
DRIFTUSD denotes the market price of one unit of Drift Protocol’s native token (DRIFT) quoted in US dollars. It reflects how much USD is required to buy a single DRIFT token at a given moment across trading venues where the pair is available.
Drift Protocol is a blockchain-based decentralized derivatives platform built to facilitate perpetual swaps and related trading products; its native token, DRIFT, was launched in 2021 by the protocol’s development team. The token functions as a utility and governance instrument within the ecosystem, supporting incentives, fee structures and community voting, and it operates natively on the underlying blockchain network used by the protocol.
The DRIFTUSD rate is determined by market supply and demand across centralized and decentralized exchanges, order-book activity, liquidity providers and market makers. Price formation also responds to broader crypto market sentiment, on-chain metrics, protocol-specific developments and macroeconomic or regulatory news that affect risk appetite and capital flows.
DRIFTUSD is important to traders and investors as a direct measure of market value for exposure to the Drift ecosystem. Market participants use the pair for speculation, hedging derivative positions, governance participation and assessing token utility and protocol health.
Like many altcoin pairs, DRIFTUSD can exhibit elevated volatility and liquidity varies by venue; traders commonly monitor spreads, depth and funding rates when executing larger or leveraged trades.
Drift Protocol is a blockchain-based decentralized derivatives platform built to facilitate perpetual swaps and related trading products; its native token, DRIFT, was launched in 2021 by the protocol’s development team. The token functions as a utility and governance instrument within the ecosystem, supporting incentives, fee structures and community voting, and it operates natively on the underlying blockchain network used by the protocol.
The DRIFTUSD rate is determined by market supply and demand across centralized and decentralized exchanges, order-book activity, liquidity providers and market makers. Price formation also responds to broader crypto market sentiment, on-chain metrics, protocol-specific developments and macroeconomic or regulatory news that affect risk appetite and capital flows.
DRIFTUSD is important to traders and investors as a direct measure of market value for exposure to the Drift ecosystem. Market participants use the pair for speculation, hedging derivative positions, governance participation and assessing token utility and protocol health.
Like many altcoin pairs, DRIFTUSD can exhibit elevated volatility and liquidity varies by venue; traders commonly monitor spreads, depth and funding rates when executing larger or leveraged trades.
DRIFTUSD Chart
Drift exploiter moves $44M through Tornado Cash after months
Drift's attacker moved 23,095 ETH worth $44.4M into Tornado Cash after three months, while ZachXBT declined further solo tracking work on X.
Crypto | 1 month ago
Reflect launches USDC+ recovery program as Drift and Humanity Protocol rebuild after major hacks
Three crypto projects hit by separate exploits this year are choosing different methods of moving forward, and users are currently caught in the crossfire, facing uneven odds of getting their money back.
Cryptopolitan | 2 months ago
Reflec Recovery Plan Targets USDC+ Holders Hit by Drift Hack
Reflec has announced plans to launch a recovery plan for USDC+ position holders who were affected by the Drift protocol hack, a security incident that resulted in approximately $286 million in losses. The commitment marks one of the more direct recovery responses from a downstream protocol impacted by the exploit.
Coincu | 2 months ago
DRIFTUSD FAQ
What is the current Drift Protocol price?
The current price is $0.011870, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by +0.00016 (+1.3664%), showing how much the asset has moved compared to the previous close.
What is the previous close for Drift Protocol?
The previous close was $0.011710, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (+1.3664%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.011750) and highest ($0.012050) prices traded during the selected period, helping assess volatility.
Why is Drift Protocol (DRIFT) moving today?
Price movements in Drift Protocol are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.011870) is above the previous close ($0.011710), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Drift Protocol?
You can view real-time charts, price updates, and market data for Drift Protocol (DRIFT) directly on this page.
