Solana DeFi Platform Drift Secures $25M Series B Financing to Revolutionize Crypto Trading

SOL

SOL/USDT

$88.53

+2.64%

$88.53

+2.64%

(24s)

24h Volume

$3,875,175,794.90

24h H/L

$89.20 / $86.02

Change: $3.18 (3.70%)

Long/Short

76.5%

Long: 76.5%Short: 23.5%

Funding Rate

-0.0160%

Shorts pay

Data provided by COINOTAG DATALive data

Solana

Daily

$88.49

▲ 1.03%

Volume (24h): -

Resistance Levels

Resistance 3$113.8728

Resistance 2$100.5725

Resistance 1$93.5288

Price$88.49

Support 1$87.525

Support 2$81.3658

Support 3$67.50

Pivot (PP):$87.9733

Trend:Downtrend

RSI (14):30.8

COINOTAG news reported on September 19, citing Fortune magazine, that the Solana ecosystem’s DeFi platform, Drift, successfully raised $25 million in a Series B financing round. The round was led by Multicoin Capital and saw participation from prominent investors such as Blockchain Capital, Primitive Ventures, and Folius Ventures. Drift Labs’ co-founder Cindy Leow articulated the company’s vision of transforming Drift into the “Robinhood of the crypto realm.” This transformation includes the development of comprehensive financial service tools like spot trading, derivatives trading, and prediction markets, all leveraging the Solana blockchain.

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