Velocity is a decentralized exchange and DeFi trading protocol built on Solana, offering perpetual futures with up to 101x leverage, spot trading with up to 5x leverage, swaps, lend/borrow, insurance fund staking, and the Drift Gateway. The protocol was co-founded by Cindy Leow and is open-sourced. With 137,146 followers and 11,711 posts, Velocity's TwitterScore is 291 out of 1000, ranking #1,265 among 364,268 tracked accounts.

Velocity announced a $23.5m Series A on May 22, 2023 led by Polychain Capital with participation from Solana founders Anatoly Yakovenko and Raj Gokal, Ethereal Ventures, and Folius Ventures, bringing total funding to $27.3m. On September 19, 2024, Velocity announced a $25M Series B led by Multicoin Capital with participation from Blockchain Capital, Primitive Ventures, and Folius Ventures, bringing total funding to $52.5M. DRIFT is the governance token, with a max supply of 1,000,000,000 DRIFT and 555,713,264 DRIFT in circulation as of November 18, 2025. Velocity v3 was announced for December 4, 2025, with claimed upgrades including 10x faster fills, 10x improved liquidity, and gasless trading by default. Arthur Hayes serves as a strategic advisor to Velocity, and the protocol has partnered with Ethena to enable USDe and sUSDe as perpetual trading collateral, Ondo Finance to integrate tokenized real-world assets starting with USDY as collateral, and integrated Circle's Cross-Chain Transfer Protocol and Wormhole Connect for cross-chain deposits.

Velocity stated that on April 1, 2026 it was targeted by a sophisticated operation attributed by Mandiant to UNC6862, a DPRK-affiliated threat actor, resulting in the loss of $295M in user funds and temporary suspension of core protocol functions including trading and borrowing. Velocity stated that every wallet impacted by the exploit would be issued a recovery token representing verified loss and a proportional claim on a recovery pool, separate from the DRIFT governance token. Tether committed up to $127.5M and strategic partners committed up to $20M to support relaunch and user recovery. As of June 4, 2026, Velocity said its focus was relaunching a revenue-generating, security-first USDT-based perpetual exchange on Solana, with Noah Prince joining as Head of Protocol. The Drift Foundation is a non-profit entity responsible for the long-term growth and sustainability of the DRIFT ecosystem.

Smart Followers

The accounts that follow Velocity include 858 founders, 202 angel investors, 918 influencers and 55 VCs, among them Solana, Toly, Ansem, Laura Shin, Kyle Samani and Andrew Kang. Velocity is mentioned by 775 accounts, with a total of 2,634 mentions.