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Drift

Drift

AuditedVerifiedRisk Alert

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.

DEXSolanaTVL: $298.9MLast updated: Sep 16, 2026
Risk Rating
BB
Safety Score
61

Risk Profile Overview

Overall Rating
(61/100)
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Active Risk Alerts

Live signals detected by Sentinel monitors across all five risk classes.

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Score history

Re-checked monthlyNo net change

This rating is re-checked every month. A point is recorded for every check, so a flat line means we looked and nothing moved. Hover anywhere on the chart to see what moved that month, and by how much.

67
61
55
Aug 2026SepOct

The Problem

Perpetual futures and cross-margined trading on Solana required either CEX-style trust assumptions or fragmented liquidity across multiple DEX venues with poor execution.

The Solution

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.

Why it Matters

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.

Protocol Metrics

TVL Trend
$298.94M

Related Research

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No related analysis articles found for Drift.

Frequently asked questions about Drift

What is Drift?+

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.

How does Drift work?+

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.

Is Drift safe?+

DeFi Sentinel rates Drift BB with a safety score of 61/100, indicating elevated 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. DeFi Sentinel's analysis flagged 2 high, 8 medium, 2 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.

What is the safety score of Drift?+

Drift has a DeFi Sentinel safety score of 61/100 (rating BB), last updated September 16, 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%).

Which chains does Drift support?+

Drift is deployed on Solana.

Has Drift been audited?+

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.