Drift Protocol DRIFT

What DRIFT actually is on-chain

Drift Protocol is an SPL token deployed on Solana, at contract address DriFtupJYLTosbwoN8koMbEYSx54aFAVLddWsbksjwg7. That address, not the ticker DRIFT, is what uniquely identifies this asset: anyone can deploy a second token calling itself DRIFT, but the contract is unforgeable. Verify it against solscan.io before sending funds or approving a spend.

On Solana the token account model means DRIFT is held in an associated token account derived from the mint above, and a wallet has to be rent-funded in SOL before it can receive the token at all. Fees are a fraction of a cent, so the cost of trading DRIFT is dominated by pool slippage in Raydium and Orca pools, not by gas — the opposite of the EVM case.

For DRIFT the project publishes a whitepaper, a public source repository and an active account as @DriftProtocol. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where DRIFT sits in the market

Ranked #864, Drift Protocol falls in the upper small-cap band. The order book absorbs size poorly at this depth: one meaningful market order can reprice the tape by several percent before it retraces minutes later. A lone static price target therefore fires on noise, and what you want is a condition built to survive that wick. Venue coverage is narrow, which makes volume-based delisting a concrete risk rather than a theoretical one.

CryptoPingAi is currently streaming 3 live DRIFT order books (Bybit, Gate.io, HTX). That is coverage in line with a #864 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. None of the books we see for DRIFT are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

DRIFT against its all-time high

More than 95% separates DRIFT from its all-time high of $2.60 (on 2024-11-09) — a 201x recovery. At that distance the high stops working as a reference at all; it belongs to a different supply structure, a different holder base and typically a different cycle. What carries information for DRIFT now is the downside, so read the range section below before this one. That high was set roughly 2 years ago, recently enough that it still anchors how most current holders frame the asset.

DRIFT across its historical range

The recorded range runs 97.5x, from $0.0267 to $2.60 — wide by the standards of traditional assets, moderate for this one's class.

At -51.6% above its record low of $0.0267 (on 2026-04-10), DRIFT sits near the edge of its own price history. Nothing has traded beneath that level, so there is no support to reference, no volume shelf and no cost-basis cluster underneath. Because that low is itself recent, the asset is in an active downtrend rather than sitting at an old floor — each new low invalidates the previous one as a reference.

DRIFT supply and valuation data

Drift Protocol sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for DRIFT but not an audited token count. What we do have is a fully diluted valuation of $37.2 million as of 2026-05-12. That places it in the top 10% by fully diluted value.

Since the figure is a snapshot rather than a live number, we do not reverse it into a supply count: the price has moved since it was taken, and that division would produce a confident but incorrect token count. For any per-token valuation, check the current supply on the project's own explorer first. The authoritative figure is the one solscan.io reports for this contract.

What kind of asset DRIFT is

Drift Protocol is a decentralised exchange token. The economics are unusually legible for crypto: the protocol generates fees from trading volume, and the token's value proposition rests on whether it captures any of them. Volume on the underlying venue, the fee switch status and competitive pressure from other venues are the variables that actually matter — and DEX volume is itself highly cyclical, so revenue is not a stable base.

CoinGecko files DRIFT under 7 categories, including Decentralized Finance (DeFi), Derivatives, Prediction Markets, Perpetuals, Solana Ecosystem. CoinGecko also records deployments on Solana (3,129 tracked tokens), so its on-chain liquidity and its user base move with that network. Worth flagging from the metadata: DRIFT has been featured in Binance Alpha Spotlight.

How to set a Drift Protocol alert that is worth receiving

Drift Protocol is the SPL token at DriFtu…jwg7 on Solana — quoted on 3 venues we stream — high dated 2024-11-09 — rank #864. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →