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Meet V3. The New Drift

The best perp experience on Solana is almost here.

Author

Drift Protocol
October 10, 2025

Hi there,

Drift v3 will launch this Q4: delivering 10x faster fills, 10x lower slippage, and a CEX-like trading experience, on-chain. Announced by co-founder Cindy Leow at TOKEN2049 Singapore, Drift v3 is engineered for performance without compromise: still the cross-collateral DEX you know, now with even deeper liquidity and sharper execution.

Over the past few years, Drift has grown into Solana’s leading perpetuals DEX: surpassing $110B+ in trading volume and $1.4B in TVL. In the last 3 months alone, Drift’s market share has expanded by 5x. Drift v3 is built for this next phase of growth. A platform built to outperform in every way.

What’s new in Drift v3

Drift v3 delivers a faster, smarter, and more capital-efficient trading experience with gasless execution, improved TP/SL logic, and a deeper orderbook to 10x your trading flow.

  • DLP (Drift Liquidity Provider Token): a new way to participate with liquidity and earn returns from the protocol.

  • Isolated Positions: ring-fence risk and fine-tune exposure per position.

  • Per-Market Leverage: tailor risk and leverage at the market level, with clearer margin controls.

  • Builder Codes: enabling builders to create frontends powered by Drift’s liquidity.

  • 100% of protocol revenue flowing back to the community following governance.

Drift v3 builds on everything our community helped shape, designed for peak performance through instant execution, tighter risk controls and a smoother path from intent to execution — all while retaining Drift’s DNA of capital efficiency.

We’re excited to welcome both long-time Drifters and first-time traders to Drift!

Thank you for your continued support and for pushing us to build better.

Up only,

The Drift Team