This week Solana’s native token has skyrocketed in value as a Solana-based perpetual swap platform, Drift Protocol announced a $3.8 million funding from strategic investors.
Centralized exchanges like Binance, FTX, By bit, and Bitmex are known for offering crypto-based perpetual swaps to take the large amounts of trading volume these trading platforms command.
Solana-based perpetual swap platform launched its mainnet on October 25,
“We successfully launched our mainnet at the Solana’s Chicago Hacker House, working with the guidance of Bartosz, Jordan, and alongside the rest of the residents (HXRO and Mango teams).”
The Drift Alpha Ticket is a collection of 1,500 NFTs exclusively released by Drift through rewarding early Discord users and its partnership with defi and NFT projects on the Solana network.
The main aim of the project is to support tokens stemming from SOL and ETH to be a “one-way path to being Solana’s top decentralized futures exchange.”
Although Solana network native token Solana (SOL) the crypto asset has been surging in value. It jumped 31.4% in value 51.4% over the last month, and 11,467% year-to-date.
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