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Buy Drift Protocol (DRIFT)

DRIFT

24H Change
24H Volume
Global Rank
#278
Market Cap

Drift Protocol Price

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About Drift Protocol (DRIFT)

Drift Protocol (DRIFT), launched in 2021, is one of the largest decentralised exchanges (DEX) on the Solana blockchain, offering advanced trading capabilities such as spot trading, perpetual futures, borrowing and lending, passive liquidity provision and more. 

The protocol offers up to 10x leverage for cross-margin trading through a unified collateral pool. Drift's liquidity mechanisms include Just-in-Time (JIT) Auction Liquidity for efficient order matching, a decentralised orderbook (DLOB) for precise trading, and an Automated Market Maker (AMM) that finds the best prices for users through a sophisticated algorithm.

The DRIFT token serves as the protocol's native governance and utility token, powering governance via the Drift DAO. This allows holders to vote on network proposals, treasury management, and community projects. DRIFT can also be staked for rewards, contributing to platform security and liquidity.

How to Buy Drift Protocol (DRIFT) in Australia

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Drift Protocol FAQs

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Where is the best place to buy Drift Protocol?

The best place to buy Drift Protocol is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Drift Protocol and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be one of Australia's highest-rated crypto exchanges as per our TrustPilot reviews.

How is the price of Drift Protocol determined?

The price of Drift Protocol is determined by the forces of supply and demand in the market. Similar to other assets, the price of Drift Protocol is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Drift Protocol are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy Drift Protocol with credit card?

Swyftx does not allow you to directly buy Drift Protocol with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy Drift Protocol instantly.

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Period: Last 24 hours (AUD)

DRIFT Buys and Sells

By number of orders

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Period: Last 24 hours

This should not be used to make investment decisions.

Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.