Drift is behind HL for now but I think the team will ship until they are blue in the face.
SOL perps are not dead.
Phantom launching perps with HL yesterday is a big reckoning moment for Solana DeFi. More competition forces more innovation, and we will rise up to the challenge.
Drift and Solana DeFi are here to stay:
1. Drift is built directly on Solana’s L1:
Tighter composability, lower latency, and direct access to Solana’s atomic global state, a performant chain with high daily activity of $2B DEX volume, 3M+ active wallets, $7M app revenue, a network that is critical for building truly liquid, decentralized perps and internet capital markets.
2. Asset issuance is the foundation of liquid markets:
Solana has the highest user growth, economic activity, token issuance, institutional adoption, and native asset activity, making it the best environment to build scalable, liquid perp markets.
The most liquid perp markets will be built on top of the L1 with the highest user flows.
3. Drift is focusing on building the best market microstructure for L1 DeFi. Drift's Just-In-Time (JIT) and SWIFT liquidity mechanisms support dark/private AMM execution. Our design blends the best of CLOBs, RFQs, and dark pools without fragmenting liquidity, and is optimised for the composable, fast-paced nature of Solana.
We are in execution mode with major performance sprints happening and liquidity upgrades coming soon. We’re heads down building delightful UX upgrades for our users and tools that make it easy for developers to build on Drift.
We will not stop shipping until we have the best user experience in the game.
GDrift
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