Velocity

Today, Drift is rebranding to Velocity.

Our new name reflects the new and improved platform that we are building. Perpetual trading is a market where execution speed and directional precision determine outcomes. Velocity captures both, and signifies the momentum behind our relaunch.

The rebrand marks a deliberate line between what was and what comes next. Velocity is the exchange we have been building toward — a cleaner architecture, a stronger security foundation, and a clearer sense of what this platform is for. The name carries that intent.

As Velocity continues building towards relaunch, we are also planning to release our private Beta to select partners and traders in the coming days. This is an important step towards ensuring Velocity is rebuilt into the most robust perps exchange on Solana.

We look forward to sharing more soon.

The Velocity Trading Challenge is live 🏁
14 days. The top 3 traders by taker volume split 6,000 USDT.
🥇 3,000 USDT
🥈 2,000 USDT
🥉 1,000 USDT
📅 Nov 5 → Nov 19, 12:00 UTC
All markets count. No sign-up, just trade.

Rules: velocity.exchange/blog/velocity-…
Leaderboard: App.velocity.exchange/leaderboard

Deposits and new accounts are back on Velocity.

Following the Binance incident, we paused both as a precaution to keep stolen funds out of the protocol. That pause is now lifted.

Deposit BTC, ETH, SOL, USDT or ZEC and use it as collateral to trade perps. PnL settles in USDT.

Velocity was never compromised. Withdrawals, accounts and positions stayed live throughout.

Security update from Velocity

Following the recent security incident at Binance, we've taken a precautionary step: new deposits and new account creation on Velocity are temporarily paused.

To be clear:
• Velocity has not been hacked or compromised
• Withdrawals are fully operational
• Existing accounts and open positions are unaffected

This is a preventative measure to keep stolen funds from entering the protocol.

We expect to reopen deposits shortly and will post an update here as soon as we do.

Thanks for your patience.

DFX Claims and Redemptions are now live.

For all the information related to DFX, claims, and redemptions, please refer to @DriftFDN