Solana-based perpetual swaps DEX Drift Protocol raises $3.8 million: Crypto derivatives exchange Drift Protocol raised $3.8 million in a seed funding round that was led by Multicoin Capital with participation from crypto trading firms Jump Capital and Alameda, among others, CoinDeskâs Danny Nelson reported. Drift, which focuses on perpetual swaps, or futures contracts without an expiration date, is set to launch this month with support for SOL, BTC, ETH and Solana ecosystem tokens.
Market Wrap: Long-Term Bitcoin Holders Trim Positions as Rally Stalls
