Hi there,

Hope you're doing well and haven't let the slow price action get the best of you. Markets have been quiet, but dull price action is sometimes a silver lining for serious builders: fewer distractions, more shipping.

That's exactly what Drift's been up to. It's been a packed few months, so here's everything that's shipped and what's coming next.

At the start of the year, we published The Open Perps Layer, our long-form thesis on what Drift is building toward and why it matters for the future of on-chain trading.

The short version: Drift isn't just a perps exchange. It's a composable, open-source foundation that any team can build on top of. Trading terminals, neobanks, Telegram bots, institutional platforms, all powered by Drift underneath, none of their users needing to know or care.

If you haven't read it yet, start here.

At Solana Accelerate in Hong Kong, Kevin Eum, Product Lead at Drift, took the stage and made it official: equity perps are coming to Drift.

Stocks, traded as perps, with the power of DeFi. Same speed, self-custody, and capital efficiency you already get on Drift. The backend is actively being tested, and this is coming very soon.

A major expansion of what you can do on the platform, and just the beginning.

You no longer need assets on Solana to start trading on Drift.

Multi-chain deposits are live, powered by the same partner behind Polymarket deposits.. Deposit directly from Arbitrum, Base, HyperEVM and several other major chains into your Drift account.

If you've been sitting on assets elsewhere and dreading bridging, there's no longer a reason to wait. Join the better side.

The Drift mobile app is officially live on Android as a portfolio companion. Check your positions, monitor your account, and stay connected from anywhere. Full trading functionality is coming soon.

The team has been working hard to bring you the best trading app experience and is actively taking feedback. If you have thoughts, bugs, or feature requests, reach out to Minh on Discord or X.

iOS is also in the works. Join the waitlist for early access.

Download on Android | Join the iOS waitlist

Want to get more involved with Drift? Now you can, permissionlessly.

The Drift Guild is officially live. Join and start contributing to the ecosystem: bring new users, create quality content, and earn rewards. 14,000 DRIFT available in rewards for the first month.

Prop AMM: Drift is working on a perp-focused Prop AMM set to meaningfully improve quoting, reduce slippage, and deepen resting liquidity across the platform. More on the market microstructure side soon.

iOS App: In development. Join the waitlist

Privy social login: native auto-signing trading experience while logging in seamlessly via Google or email

While the markets seem slow, the team has never shipped faster, and the roadmap has never been more ambitious. It’s time to double down or die.

See you out there.

Stay updated with Drift's latest by following us on X and joining our Discord.