Derived from PANews, Solana-based perpetual contract platform Drift has launched its major upgrade, Drift v3. The new version, with a rebuilt backend system, increases transaction execution speed by 10 times. The team stated that approximately 85% of market orders can be filled within half a second, liquidity has significantly improved, and slippage for large trades has dropped to around 0.02%. The update aims to make on-chain derivatives trading smoother and more stable for daily users. Future plans include addressing auto-signing, convenient deposits, isolated margin, and eventually launching a mobile app. The team is also testing new Drift liquidity provider pools to allow users to provide liquidity for perpetual and spot markets and earn rewards.
Solana DeFi Protocol Drift Launches v3, Transaction Speed Boosted 10x
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