Drift Review: What to Know Before Trading on Solana
Drift is a Solana trading platform for spot markets and leveraged perpetuals. The basic product is identifiable, but there isn’t enough detail to assess its costs, safety or setup.
By the SkyBitcoins review team · Updated
At a glance
Drift key facts
| Type | On-chain spot and perpetual trading |
|---|---|
| Chain | Solana |
| Leverage | Offered for perpetual trading |
| Token | DRIFT |
| Updated |
Drift FAQs
What is Drift?
Drift is an on-chain trading platform on Solana. It offers spot trading and perpetual markets with leverage.
Which blockchain does Drift use?
Drift is built on Solana. You’ll need to check the app’s current wallet and funding requirements before connecting or transferring assets.
What is the DRIFT token used for, and what does trading cost?
The DRIFT token is associated with the project. Its specific uses and any trading fees are not established here, so check Drift’s current documentation before relying on them.
Compare
Drift alternatives
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Derive offers Ethereum options and perps with self-custody, but confirm its fees, collateral rules and access terms before trading.
Volmex offers crypto volatility indices and API data, while linked derivatives trade on outside venues with separate fees and risks.
Grvt offers multi-asset perpetuals, spot trading and yield features, but verify fees, custody and account rules before funding.
GMX offers wallet-based spot and perpetual trading on Arbitrum and Avalanche, but variable costs and smart-contract risks call for care.
gTrade offers wallet-based perpetuals across crypto and traditional markets, but high leverage and incomplete fee details call for caution.
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Contango V2 automates leveraged DeFi looping, but check borrowing costs, liquidation conditions and contract risks before opening a position.
MUX Perps aggregates leveraged crypto trading across five chains, but check live costs, liquidation rules and contract risks before trading.
Ostium offers leveraged Arbitrum perpetuals across FX, commodities, equities and crypto, but check its fees, audits and local availability first.
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Lido turns staked ETH into liquid stETH, but variable rewards, a 10% reward fee and withdrawal and contract risks need checking.
Bitvavo offers euro funding, 400+ crypto assets and Pro Mode, but check withdrawal terms and the separate risks of staking and leverage.
Solana is a Layer 1 blockchain for apps and payments; you’ll need a compatible wallet and SOL for fees.
Sol Incinerator reclaims rent from empty Solana accounts, with optional Pro tools for burning unwanted assets.
THORChain enables self-custody swaps across supported chains, but variable fees and protocol risks make quote-checking essential.
Marinade offers native and liquid SOL staking, but check variable rewards, fees, and the risks of mSOL or Kamino lending before depositing.
How we checked
Sources
- driftit.app(opens in a new tab)
- drifted.com/drifting-games/(opens in a new tab)
- crazygames.com/game/drift-hunters(opens in a new tab)
Last updated . Spotted an error? Tell us and we will correct it.