Drift, a decentralized digital currency exchange built on the Solana blockchain, has announced its new v3 update, claiming to increase trading speed by ten times. With this update, approximately 85% of market orders will be completed in under half a second, while liquidity improvements will reduce slippage on large-volume trades to around 0.02%. Leveraging Solana’s fast and low-fee transaction capabilities, Drift offers users quick and cost-effective trading. The v3 update also enhances platform liquidity, enabling price reductions and greater stability for large trades, thus allowing users to trade at better prices with lower risk. Faster trading means improved accuracy and reduced latency in market pricing, potentially attracting more investors. This update arrives amid intensifying competition in the crypto market, as platforms strive to enhance services and attract users. With Solana’s growing ecosystem, projects like Drift are expected to expand and attract further investment, though users should remain cautious due to the crypto market’s inherent uncertainties and technical complexities.
Source: coindesk
