Company profile: Drift
1.1 - Company Overview
Company description
- Provider of an on-chain, cross-margined perpetual futures DEX on Solana, offering leveraged trading up to 10x, automatic yield on deposits, and Protocol v2 with instant asset trading via Just-In-Time Auctions for potentially better order fill prices and balanced long-short interest. Includes insurance fund staking with fee revenue sharing, a bug bounty program, open-source development, and DRIFT token governance.
Products and services
- Protocol v2: Engineers an on-chain upgrade enabling instant trading of any asset on Solana, featuring a Just-In-Time Auction for potentially better fill prices and balanced long-short interest
- Decentralized Trading Platform: Builds a cross-margined DEX on Solana offering perpetual futures, up to 10x leverage across various assets, and automatic yield accrual on all user deposits
- Insurance Fund Staking: Offers vault-based staking into Insurance Fund Vaults to earn a share of market fee revenue, with associated risks and a 14-day cooldown period for unstaking
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Drift
CoinAlpha
HQ: United States
Website
- Description: Provider of quant and algorithmic market-making software and token liquidity solutions for digital assets. Offers Hummingbot, an open-source crypto trading bot for algorithmic strategies and liquidity provision; Hummingbot Miner, a platform for token issuer–sponsored liquidity campaigns; and market-making services to help projects manage token liquidity.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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View full CoinAlpha company profile →
Komainu
HQ: Jersey
Website
- Description: Provider of regulated digital asset custody for institutional clients, delivering decentralized, secure custody and segregated blockchain asset storage. Services include Komainu Connect for trading, borrowing and lending, staking, collateral management to reduce counterparty risk and maintain asset segregation, and a reporting portal with blockchain verification, data aggregation and customization.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Komainu company profile →
Genesis Mining
HQ: Hong Kong
Website
- Description: Provider of hosted hashpower and cloud-based mining for Bitcoin and Altcoins, enabling users to mine without owning hardware; offers Hexa, enterprise-grade software to deploy, configure, and monitor large-scale mining farms, plus fraud protection guidelines emphasizing use of the official website.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Genesis Mining company profile →
Glidera
HQ: United States
Website
- Description: Provider of a flexible API that enables digital currency wallets and applications to offer bitcoin buy and sell services, helping developers integrate an easy way for users to obtain and sell bitcoin within their products.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Glidera company profile →
Martian Wallet
HQ: United States
Website
- Description: Provider of secure solutions to store, send, and receive tokens, and to manage and mint NFTs.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Martian Wallet company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Drift
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Drift
2.2 - Growth funds investing in similar companies to Drift
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4 - Top valuation comps for Drift
4.2 - Public trading comparable groups for Drift
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