Velocity (DRIFT) IDR Price

Velocity Price Data

Velocity (DRIFT) currently has a price of Rp227.011 and is up 3.76% over the last 24 hours. The cryptocurrency is ranked 1303 with a market cap of Rp138.8B. Over the last 24 hours, it saw Rp55.9B of trading volume. The token has a circulating supply of 611.5M tokens out of a total supply of 1B tokens.

Velocity (formerly Drift Protocol) is a premier decentralized perpetual futures and derivatives exchange operating natively on the high-performance Solana blockchain. Formally announced on July 1, 2026, the rebrand from Drift to Velocity signals a definitive architectural reboot and a fresh strategic trajectory for the platform. The brand transformation establishes a strict operational boundary following a sophisticated, $285 million governance-layer and social engineering exploit in April 2026, which compromised the protocol’s previous multi-signature access controls. Under the Velocity banner, the network is fundamentally decoupling itself from past system vulnerabilities by completely overhauling its security foundations, deploying an entirely segregated system architecture, and narrowing its core product positioning around ultra-fast, institutional-grade execution speed and directional market momentum.

At its core, Velocity leverages the parallel processing capabilities of the Solana Virtual Machine (SVM) to power an advanced, decentralized limit order book (DLOB) paired with an automated market maker (dAMM) liquidity engine. This hybridized model provides on-chain traders with the capital efficiency, deep liquidity, and sub-second transaction processing speeds typically reserved for centralized exchanges, all while maintaining the non-custodial ownership structure inherent to Web3. Moving forward into its private testing and public rollout phases, Velocity is implementing rigorous system enhancements, including a heavily fortified Security Council structure, real-time on-chain anomaly detection mechanisms, and the complete elimination of unmonitored pre-signed transaction vulnerabilities.

The platform's native governance token, DRIFT (transitioning into the Velocity ecosystem structure), serves as the decentralized steering mechanism for the reconstructed protocol. Token holders exercise direct oversight through the Velocity DAO, casting cryptographic votes to dictate critical risk management directives such as collateral tier approvals, asset margin requirements, insurance fund distributions, and platform-wide transaction fee structures. By explicitly prioritizing hardened smart contract security alongside execution speed, Velocity aims to recapture its position as a dominant liquidity epicenter for decentralized derivatives, providing global retail and institutional market participants with a resilient, high-velocity trading environment.