The Solana ecosystem DeFi protocol Drift has launched version 3, with a 10x increase in trading speed

According to CoinDesk, the Solana ecosystem perpetual contract trading platform Drift has launched a major upgrade, Drift v3.

Thanks to a rebuilt backend system, the new version increases the platform's trade execution speed by 10 times. The Drift team claims that about 85% of market orders can be executed within half a second in version 3, significantly enhancing liquidity, with large trade slippage reduced to about 0.02%, aimed at making on-chain derivatives trading smoother and more stable for everyday users. In the future, Drift will address issues such as automatic signing, convenient deposits, and independent margin, and will eventually launch a mobile application. The team is also testing a new Drift liquidity provider fund pool, allowing users to more easily provide liquidity for perpetual contracts and spot markets and earn returns.