Solana Perps retweeted
Proud of the team for getting to this point.
Drift is becoming Velocity — a new chapter built on cleaner architecture, stronger security foundations, and a clearer vision for what this exchange can be.
Excited for what’s ahead.
Today, Drift is rebranding to Velocity.
Our new name reflects the new and improved platform that we are building. Perpetual trading is a market where execution speed and directional precision determine outcomes. Velocity captures both, and signifies the momentum behind our relaunch.
The rebrand marks a deliberate line between what was and what comes next. Velocity is the exchange we have been building toward — a cleaner architecture, a stronger security foundation, and a clearer sense of what this platform is for. The name carries that intent.
As Velocity continues building towards relaunch, we are also planning to release our private Beta to select partners and traders in the coming days. This is an important step towards ensuring Velocity is rebuilt into the most robust perps exchange on Solana.
We look forward to sharing more soon.
Solana Perps retweeted
FYI: @driftprotocol is now @VelocityDEX
Today, Drift is rebranding to Velocity.
Our new name reflects the new and improved platform that we are building. Perpetual trading is a market where execution speed and directional precision determine outcomes. Velocity captures both, and signifies the momentum behind our relaunch.
The rebrand marks a deliberate line between what was and what comes next. Velocity is the exchange we have been building toward — a cleaner architecture, a stronger security foundation, and a clearer sense of what this platform is for. The name carries that intent.
As Velocity continues building towards relaunch, we are also planning to release our private Beta to select partners and traders in the coming days. This is an important step towards ensuring Velocity is rebuilt into the most robust perps exchange on Solana.
We look forward to sharing more soon.
Solana Perps retweeted
Meme coins are back 👀
$ANSEM doubled in 24h and is now at a $156M market cap.
When does it hit $1B? 🚀
Solana Perps retweeted
I'm seeing lots of "why are you putting money into rebrand you should be repaying users"
Because I expect to see "why spending money?!" every step of the way, I want to make this very clear. The Tether deal is *not* a bailout. They are not just chucking money into the recovery pool. Tether is a business, not a charity. They are acting as a line of credit.
Tether wants a top perp exchange running on USDT. I do not know the actual terms of the deal (I'm not on those conversations) but my understanding is that it's a line-of-credit matching of revenue that flows into the recovery pool. It all needs to be paid back (the full ~$300m). The credit just accelerates the payback, and leaves the protocol in debt to Tether rather than users if we get enough revenue. The important upshot: Users get $0 in Tether money unless there's revenue.
The structure of the deal is intentional. Tether wants the best route to repaying users to be building a top perp exchange. Not a straight bailout with their money.
What does this mean for users? It means your best chance of getting your money back is Velocity making revenue. If we throw every cent of runway we have into the recovery pool, you'll get $0 of Tether credit, and hardly any recovery pool $.
The best way out is through. And through means proper rebranding, relaunch, and all of the hard work that goes with launching a perps dex.
Today, Drift is rebranding to Velocity.
Our new name reflects the new and improved platform that we are building. Perpetual trading is a market where execution speed and directional precision determine outcomes. Velocity captures both, and signifies the momentum behind our relaunch.
The rebrand marks a deliberate line between what was and what comes next. Velocity is the exchange we have been building toward — a cleaner architecture, a stronger security foundation, and a clearer sense of what this platform is for. The name carries that intent.
As Velocity continues building towards relaunch, we are also planning to release our private Beta to select partners and traders in the coming days. This is an important step towards ensuring Velocity is rebuilt into the most robust perps exchange on Solana.
We look forward to sharing more soon.
Solana Perps retweeted
Today, Drift is rebranding to Velocity.
Our new name reflects the new and improved platform that we are building. Perpetual trading is a market where execution speed and directional precision determine outcomes. Velocity captures both, and signifies the momentum behind our relaunch.
The rebrand marks a deliberate line between what was and what comes next. Velocity is the exchange we have been building toward — a cleaner architecture, a stronger security foundation, and a clearer sense of what this platform is for. The name carries that intent.
As Velocity continues building towards relaunch, we are also planning to release our private Beta to select partners and traders in the coming days. This is an important step towards ensuring Velocity is rebuilt into the most robust perps exchange on Solana.
We look forward to sharing more soon.
Solana Perps retweeted
Whale Clips: There were signs.
Binance sends half a billion Ethereum $USDT to Tether
etherscan.io/tx/0xa28fb7b74e…
Tether sends back half a billion Solana $USDT to Binance
explorer.solana.com/tx/gZSSj…
The institutional complex is switching to Solana. Ive been telling you for years.
Solana Perps retweeted
LATEST: @Solana is the top chain by app revenue, leading on the day, the week ($19M) and the month ($85M+), outpacing Hyperliquid, Ethereum and every other network.
