News Explorer — Solana DeFi Platform Drift Raises $25 Million

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Sep 19, 11:46 am

Coindesk

Solana DeFi Platform Drift Raises $25 Million

Drift, a decentralized finance (DeFi) platform, has raised $25 million in Series B funding to expand its Solana-based exchange. The funding round was led by Multicoin Capital, and Drift plans to use the funds to build various financial services tools and double its headcount within the next year. As a decentralized platform, Drift differentiates itself from centralized exchanges by not having a single entity in control of users' funds.

Drift, a decentralized finance (DeFi) platform, has raised $25 million in Series B funding to expand its Solana-based exchange. The funding round was led by Multicoin Capital, and Drift plans to use the funds to build various financial services tools and double its headcount within the next year. As a decentralized platform, Drift differentiates itself from centralized exchanges by not having a single entity in control of users' funds.

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