Velocity (@VelocityDEX) — Twitter Score 295 out of 1000

Velocity is a decentralized perpetuals exchange and Solana-based DeFi trading protocol that suffered a $295 million exploit on April 1, 2026, attributed by Mandiant to the North Korean threat group UNC6862, and subsequently suspended core protocol functions. Velocity's Twitter Score is 296 out of 1000 (an Excellent rating) as of July 2026, ranking #1,166 (top 0.5%) among 464,440 tracked accounts.

Velocity, whose official X handle is @DriftProtocol and whose real name is Drift Protocol, was co-founded by Cindy Leow and is affiliated with Drift Labs and the Drift Foundation, a non-profit entity responsible for the long-term growth and sustainability of the DRIFT ecosystem. Built on Solana and fully open-sourced, the protocol offers perpetual futures with up to 101x leverage, spot trading with up to 5x leverage, swaps, lend/borrow, insurance fund staking, and market maker rewards. Prior to the exploit, Drift v3 was announced for December 4, 2025, promising 10x faster fills, 10x improved liquidity, gasless trading by default, and 400ms oracle updates.

Velocity raised a $23.5 million Series A in May 2023, led by Polychain Capital with participation from Ethereal Ventures and Folius Ventures, bringing total funding at that time to $27.3 million. A $25 million Series B followed in September 2024, led by Multicoin Capital with participation from Blockchain Capital, Primitive Ventures, and Folius Ventures, bringing cumulative funding to $52.5 million per Drift's own disclosures. Arthur Hayes serves as a strategic advisor to Drift.

Velocity's DRIFT governance token has a maximum supply of 1,000,000,000 DRIFT, with 555,713,264 DRIFT in circulation as of November 18, 2025, representing 55.6% of total supply following the Token Generation Event in May 2024. Following the April 1, 2026 exploit, Drift stated that every affected wallet would receive a separate recovery token representing a proportional claim on a recovery pool, with Tether committing up to $127.5 million and strategic partners committing up to $20 million toward relaunch and user recovery. As of June 4, 2026, Drift stated its focus was relaunching a security-first, USDT-based perpetual exchange on Solana, with Noah Prince joining as Head of Protocol.

Velocity has expanded its collateral and cross-chain capabilities through integrations with Circle CCTP for USDC bridging from Arbitrum, Base, and Ethereum, Ethena for USDe and sUSDe as perpetual trading collateral, Ondo Finance for tokenized real-world assets including USDY, and Wormhole Connect for cross-chain deposits. Velocity has published 11,719 posts and has been mentioned by 777 accounts a total of 2,636 times.

Who follows Velocity on X?

Velocity attracts a technically engaged audience across the DeFi and Solana ecosystem. The accounts that follow Velocity include 909 founders, 230 angel investors, 806 influencers and 38 VCs, among them Solana, Toly, Ansem, Laura Shin, Luca Netz and Andrew Kang.