Drift Protocol received $3.8 million in seed funding, led by Multicoin Capital, with participation from Alameda and Jump

Drift Protocol is a DeFi derivatives trading platform based on the Solana blockchain to build a decentralized exchange, focusing on perpetual swaps or futures contracts with no expiry date. Drift Protocol raised $3.8 million in seed funding, with Multicoin Capital leading the decentralized exchange’s funding round, with participation from Jump and Alameda.

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