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Drift Protocol is a decentralized exchange (DEX) on Solana for perpetuals swaps. It launched in Q4 of 2021.


It uses a hybrid dynamic virtual Automated Market Maker (dynamic vAMM, or dAMM[1][2]) and an on-chain decentralized limit order book (DLOB).

The protocol code is open sourced[3] and last audited on 2022/02/16[4]. Detailed historical and snapshot transaction and state data has also been shared publicly.

As of April 2022, Drift has 19 perpetual swap markets, averaging 300M-800M volume[5] per week (USDC).

Similar protocols include Perpetual Protocol and Audaces (Bonfida) Perps[6].