Drift, a decentralized finance platform on Solana, has successfully raised $25 million in a Series B funding round led by Multicoin Capital to develop a 'SuperApp' for DeFi trading. This initiative aims to expand its suite of financial services, including spot and derivatives trading, as well as a predictions market, positioning Drift as a significant player in the evolving DeFi landscape. Meanwhile, the broader cryptocurrency market is experiencing a period of volatility, with Bitcoin's price drifting closer to $16,000 amid low liquidity and renewed market fear. Despite these fluctuations, some analysts, like PlanC, suggest a gradual path to substantial growth for Bitcoin, potentially reaching $1 million per coin over several years. This highlights the ongoing uncertainty and potential for long-term value in the crypto market, as platforms like Drift continue to innovate and attract investment.
Drift's $25 Million Funding: A Beacon in Crypto's Storm
September 18, 2025
1 min read
Drift, a decentralized finance platform on Solana, has successfully raised $25 million in a Series B funding round led by Multicoin Capital to develop a 'SuperApp' for DeFi trading. This initiative aims to expand its suite of financial services, including spot and derivatives trading, as well as a predictions market, positioning Drift as a significant player in the evolving DeFi landscape.