Drift raises $25M in a Series B funding round

#Drift secures $25M in a Series B funding round led by Multicoin Capital with participation from Blockchain Capital, Folius Ventures and Primitive Ventures. Drift plans to build a suite of financial services tools, including spot and derivatives trading and a predictions market.

Drift is constructing a decentralized perpetual protocol utilizing the dynamic vAMM (DAMM) mechanism on #Solana .

👉 fortune.com/crypto/2024/09/19/drift-solana-multicoin-crypto-funding-series-b/