Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Drift Labs has successfully raised $25 million in a Series B financing round led by Multicoin Capital, with participation from Blockchain Capital, Primitive Ventures, Folius Ventures, and Maelstrom. This latest funding round brings Drift's total funding to $52.5 million. The funds will be used to expand Drift's product suite on the Solana blockchain, including spot trading and derivatives. Drift aims to become the 'Robinhood of crypto' by accelerating its pathway to becoming the most liquid, composable, and capital-efficient DeFi platform. The announcement was made at Breakpoint in SG, and the token involved is $DRIFT.
Drift raises $25M to expand decentralized exchange on the Solana blockchain https://t.co/oB1YibkZdh
Today, at Breakpoint in SG, we announced a $25M Series B round, with total funding up to $52.5M to date to take us 100x from where we are now This funding will accelerate our pathway to become the most liquid, composable and capital-efficient DeFi platform in crypto across… https://t.co/XiQULE0h2w
Drift Protocol $DRIFT raised $25 million in the Series B funding round Multicoin Capital led the Series B funding round. Among other participants are Blockchain Capital, Primitive Ventures, Folius Ventures, and Maelstrom. #Crypto #Solana https://t.co/mproRzXnrJ
