**🚀 Drift Raises $25M to Expand Solana-Based DeFi Platform!**

Drift, a decentralized finance (DeFi) platform, has successfully raised $25 million in a Series B funding round led by Multicoin Capital, according to Fortune. The funds will be used to expand Drift's Solana-based exchange and develop a suite of financial services tools, including spot and derivatives trading and a predictions market.

- **Expansion Plans:** Drift aims to double its team to 50 within the next year.

- **Decentralized Governance:** The platform is governed by a DAO and its token, DRIFT, which has seen a 2.1% rise to just above $0.71.

- **Solana vs. Ethereum:** Co-founder Cindy Leow believes Solana is the best venue for Drift, citing its high activity and seamless integration.

What do you think about Drift's ambitious plans? Share your thoughts in the comments!