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It would talk longer than my thumbs are comfortable typing to write it out. There’s lots of podcasts and YouTube videos explaining. Start with What is a perpetual swap. What is a funding rate for a perpetual swap. Understand that. Then How does Uniswap work How do smart contracts work How does DYDX work How does Hyperliquid work How do I interact with smart contracts on chain Understand those then Download say, phantom wallet Withdraw some Solana from an exchange into the wallet Find a basic protocol like Kamino Deposit some SOL into Kamino Withdraw some SOL from kamino jnto your wallet. You just used a smart contract on chain. Then Go to DRIFT Deposit some SOL into drift Trade the SOL perp, long or shot. Close the trade. Congrats you just used a perpetual swap smart contract on chain.
DRIFT has been unbelievable for me this year 🙏
PYTH JUP GRT DBR DRIFT STRD OSMO Check the charts and see if you think ALL READY TO PUMP!! PPUMPP PPPPUUUUUUMMMMMPPPPPP pUmP
tldr; A Solana-based decentralized exchange altcoin, DRIFT, surged by over 400% on Friday after being listed on South Korea's largest crypto exchange, Upbit. DRIFT, the native asset for the Drift Protocol, reached an all-time high of $2.60, up from $0.51 on November 8th. The token, launched in May, has seen multiple bullish events, including support from Coinbase and investment from Multicoin Capital. It has since retraced to $1.98. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
That seems insane, I know DRIFT is doing well, but a South Korean exchange listing instantly adding ~$200,000,000 onto a valuation is crazy.
Thought I was smart cashing out my DRIFT for a 100% profit on the day. Now it’s up 165%. Trying to be happy with the gains but damn…
Considering where Jup is on the chart and the fact that DRIFT actually has slightly *more* TVL than Jup at the moment (and also is just a better trading platform IMO) I would say DRIFT is rather under valued. Jup- 1.6b MC Drift- 60m MC In other words, I'm buying DRIFT.