Drift secured $25M in Series B funding to expand spot trading, derivatives, and prediction markets on Solana.
The company plans to double its team and revolutionize on-chain financial services with innovative tools.
Drift Labs has raised $25 million in a Series B round led by Multicoin Capital, with participation from major investors including Blockchain Capital, Primitive Ventures, and Folius Ventures.
This fundraising round marks a significant milestone for the Solana-based decentralized exchange (DEX), paving the way for its ambitious expansion.
Drift intends to expand its offerings by incorporating a broad array of financial products, such as spot trading, derivatives trading, and prediction markets, all built on the fast and scalable Solana blockchain. The startup is portraying itself as the “Robinhood of Crypto,” with ambitions to transform on-chain financial services.
Drift is excited to announce a $25M Series B led by @multicoincap with participation from @blockchaincap, @F

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