Drift is Solana's largest open-source perpetual futures DEX, offering cross-margined perps (up to 101x), spot/margin trading, lending, vaults, prediction markets, and dSOL liquid staking. Recovering from a $285M admin-key exploit in April 2026.
Every taker order runs a short Dutch auction: market makers race to fill at a better price, with the vAMM as the backstop.
Your order
Bigger orders are more likely to exhaust maker depth and spill into the vAMM.
The price sweeps from the taker-favourable start toward the vAMM reference over this window.
Three competing market makers quote tight, deep size near the oracle.
Taker submits a Buy for 400 SOL
SOL-PERP · oracle reference $150.00
The fill price sweeps slot by slot. When it crosses a maker's threshold, that maker fills part of the order at that price.
Maker fills
0 SOL
No maker has been triggered yet — advance the sweep.
vAMM backstop
Takes the remainder only after the auction settles.
Routed
0 SOL
Maker share
0%
vAMM fill
0 SOL
Improvement
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Live signals detected by Sentinel monitors across all five risk classes.
See each alert's affected component, root-cause analysis, and recommended action. Pro members get the full risk breakdown for every protocol.
Perpetual futures and cross-margined trading on Solana required either CEX-style trust assumptions or fragmented liquidity across multiple DEX venues with poor execution.
Drift unifies orderbook, vAMM, and JIT-auction matching into a single cross-margined engine where one collateral pool backs perps, spot margin, and lending — delivering CEX-like UX on-chain.
The largest perp DEX on Solana by open interest and cumulative volume, with the deepest cross-product collateral integration on the chain. Currently recovering from the April 2026 admin-key exploit.
Drift is a DEX protocol operating on Solana. Drift is Solana's largest open-source perpetual futures DEX, offering cross-margined perps (up to 101x), spot/margin trading, lending, vaults, prediction markets, and dSOL liquid staking. Recovering from a $285M admin-key exploit in April 2026.
DeFi Sentinel rates Drift B with a safety score of 59/100, indicating high risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Drift has 3 audits on record. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
Drift has a DeFi Sentinel safety score of 59/100 (rating B), last updated May 21, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Drift is deployed on Solana.
Yes. Drift has 3 audit reports on record from firms including Trail of Bits, Neodyme, OtterSec. Audit reports and dates are linked under the Resources tab on this page.
