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Drift Protocol Updates Tokenomics, Plans v3 Launch by Late 2025

Drift confirms 55.6% of its tokens, about 556M, are in circulation as lockups end, alongside surpassing $120B total trading volume and advancing toward v3 release.

Summary

According to Drift’s official announcement, 55.6% of its total supply, approximately 556M DRIFT tokens, are now in circulation following the end of investor lockups since its May 2024 token generation event. The protocol has reached over $120B in total trading volume and is progressing toward the launch of Drift v3, which aims to enhance performance and speed.

Terms & Concepts
  • Tokenomics: The economic model that defines the supply, distribution, and incentives of a cryptocurrency token within its ecosystem.
  • Investor Lockup: A period during which investors are restricted from selling their holdings to prevent market oversupply.
  • Token Generation Event (TGE): An event when a cryptocurrency project creates and distributes its native tokens, often marking the start of circulation.