Solana ecosystem DeFi protocol Drift launches v3 version, trading speed increases by 10 times

ChainCatcher news, according to CoinDesk, the Solana ecosystem perpetual contract trading platform Drift has launched a major upgrade, Drift v3.

Thanks to a rebuilt backend system, the new version increases the platform's trading execution speed by 10 times. The Drift team stated that in version v3, about 85% of market orders can be filled within half a second, liquidity has been greatly enhanced, and slippage for large trades has dropped to about 0.02%, aiming to make on-chain derivatives trading smoother and more stable for everyday users. Next, Drift will address issues such as automatic signing, convenient deposits, and independent margin, and will eventually launch a mobile application. The team is also testing a new Drift liquidity provider pool, allowing users to more easily provide liquidity for perpetual contracts and spot markets and earn returns.