PANews reported on December 4th that Drift, the perpetual contract trading platform within the Solana ecosystem, has launched a major upgrade, Drift v3. Thanks to a rebuilt backend system, the new version increases transaction execution speed by 10 times. The Drift team stated that approximately 85% of market orders in v3 are executed within half a second, liquidity is significantly enhanced, and slippage for large transactions is reduced to approximately 0.02%, aiming to make on-chain derivatives trading smoother and more stable for everyday users. Going forward, Drift will address issues such as automatic signatures, convenient deposits, and independent margin, and will eventually launch a mobile application. The team is also testing a new Drift liquidity provider pool, making it easier for users to provide liquidity for perpetual contracts and the spot market and earn yield.PANews reported on December 4th that Drift, the perpetual contract trading platform within the Solana ecosystem, has launched a major upgrade, Drift v3. Thanks to a rebuilt backend system, the new version increases transaction execution speed by 10 times. The Drift team stated that approximately 85% of market orders in v3 are executed within half a second, liquidity is significantly enhanced, and slippage for large transactions is reduced to approximately 0.02%, aiming to make on-chain derivatives trading smoother and more stable for everyday users. Going forward, Drift will address issues such as automatic signatures, convenient deposits, and independent margin, and will eventually launch a mobile application. The team is also testing a new Drift liquidity provider pool, making it easier for users to provide liquidity for perpetual contracts and the spot market and earn yield.
Solana's DeFi protocol Drift has launched version 3, increasing transaction speed by 10 times.
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PANews reported on December 4th that Drift, the perpetual contract trading platform within the Solana ecosystem, has launched a major upgrade, Drift v3. Thanks to a rebuilt backend system, the new version increases transaction execution speed by 10 times. The Drift team stated that approximately 85% of market orders in v3 are executed within half a second, liquidity is significantly enhanced, and slippage for large transactions is reduced to approximately 0.02%, aiming to make on-chain derivatives trading smoother and more stable for everyday users. Going forward, Drift will address issues such as automatic signatures, convenient deposits, and independent margin, and will eventually launch a mobile application. The team is also testing a new Drift liquidity provider pool, making it easier for users to provide liquidity for perpetual contracts and the spot market and earn yield.
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