Velocity (prev. Drift Protocol) — Live Price, Open Interest & Funding
#923 DRIFTVelocity (prev. Drift Protocol) (DRIFT) is a defi cryptocurrency ranked #923 by market capitalisation. It is currently trading at $0.0126585, up 0.27% over the last 24 hours. The 24-hour range has stretched from $0.0121516 to $0.0127555. 24-hour volume reached 148M DRIFT (~$1.88M), with total turnover of $1.88M. Open interest on perpetual futures sits at 332M DRIFT ($4.20M), reflecting the size of leveraged positions still open. Average funding rate across 6 exchanges is +0.0050%, with longs paying shorts — typically a sign of bullish positioning. Market capitalisation is $7.74M, with a circulating supply of 612M DRIFT out of a maximum of 1B DRIFT. Velocity (prev. Drift Protocol) launched in 2022. Live data is aggregated from 8 major exchanges including Binance, Bybit, KuCoin.
Markets
| Exchange | Price | Turnover 24h | Funding |
|---|---|---|---|
| Binance | $0.01269 | $860K | +0.005% |
| Bybit | $0.012639 | $283K | +0.005% |
| KuCoin | $0.01268 | $18K | +0.005% |
| BingX | $0.012706 | $41K | — |
| Bitget | $0.01273 | $55K | +0.005% |
| HTX | $0.0124 | $13K | — |
| MEXC | $0.01273 | $115K | +0.005% |
| Gate | $0.0127 | $75K | +0.005% |
DRIFT technical analysis
as of 25.07.2026 22:02This is an automated summary of technical indicators, not investment advice. Crypto is highly volatile — make your own decisions.
Price changes
Key data
- Open interest
- 332M DRIFT ($4.20M)
- Turnover · 24h
- $1.88M
- Volume · 24h
- 148M DRIFT ($1.88M)
- Fully diluted market cap
- $7.74M
- Circulating supply
- 612M DRIFT
- Total supply
- 1B DRIFT
- Max. supply
- 1B DRIFT
Profile
- Rank
- #923
- Type
- Token
- Category
- DeFi
- Date Launched
- 04 Nov 2022
Links
Funding rate Velocity (prev. Drift Protocol)
Funding rate is paid every 8 hours between long and short traders. Positive rate: longs pay shorts (market is bullish). Negative rate: shorts pay longs. Extreme values (>0.1%) often precede reversals.
Velocity (prev. Drift Protocol) Price & Volume by Exchange
| Exchange | Futures | Spot | Open interest | Turnover 24h | Funding |
|---|---|---|---|---|---|
| Binance | $0.01269 | — | 123M | $860K | +0.005% |
| Bybit | $0.012639 | $0.01267 | 130M | $283K | +0.005% |
| KuCoin | $0.01268 | $0.0126 | 29M | $18K | +0.005% |
| BingX | — | $0.012706 | — | $41K | — |
| Bitget | $0.01273 | $0.01267 | 33M | $55K | +0.005% |
| HTX | — | $0.0124 | — | $13K | — |
| MEXC | $0.01273 | $0.01267 | 12M | $115K | +0.005% |
| Gate | $0.0127 | $0.012676 | 5.2M | $75K | +0.005% |
Futures and spot price comparison across major exchanges. A large spread between exchanges may signal arbitrage opportunity or liquidity imbalance.
Frequently asked questions
- What is the current price of Velocity (prev. Drift Protocol) (DRIFT)?
- Velocity (prev. Drift Protocol) (DRIFT) is currently trading at $0.0126585 USDT. The price updates every minute and is aggregated across the major crypto exchanges — Binance, Bybit, OKX, KuCoin, Bitget, BingX, MEXC, HTX, Gate.io and Hyperliquid — which removes single-venue outliers and gives a stable reference price you can use for alerts and cross-exchange comparison.
- Where is DRIFT traded?
- Velocity (prev. Drift Protocol) (DRIFT) is currently tracked across 8 exchanges: Binance, Bybit, KuCoin, BingX, Bitget, HTX, MEXC, Gate — both USDT-M perpetual futures and USDT spot pairs where available. Data refreshes every minute, and each venue feeds the aggregated metrics (price, turnover, open interest, funding).
- What is the DRIFT funding rate now?
- Average DRIFT funding across 6 exchanges is +0.0050% — longs are paying shorts. Funding is a periodic payment between perpetual-contract sides that pins the perp price to spot; it is charged every 8 hours on most venues (some run 4-hour or 1-hour cycles). A positive rate means long positioning is dominant; sustained readings above +0.05% historically signal long-side overcrowding and frequently precede a long-squeeze — a sharp reversal as longs get force-liquidated.
- What is the DRIFT open interest now?
- Total DRIFT open interest across our tracked venues is 332M (~$4.20M in USD). Open interest is the aggregate notional of unsettled futures contracts (each contract is one long + one short, counted once). Rising OI with rising price confirms fresh money entering and trend strength; rising OI with falling price points to aggressive short build-up; falling OI signals position unwinding and weakening momentum. Watch OI live in the dashboard or set an OI-spike alert below.
- How can I get an alert on DRIFT price, OI or funding moves?
- JustScreener scans all 4000+ pairs on 10 exchanges every minute — there is no list of coins to configure. For price, OI or volume alerts use the Custom Screener; for funding — the Funding Screener. A Telegram or push notification fires the moment a rule triggers.