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Solana's Drift Launches v3, With 10x Faster Trades
Source: CryptoNewsNet Original Title: Solana’s Drift Launches v3, With 10x Faster Trades Original Link: https://cryptonews.net/news/defi/32084636/ Drift, one of the largest perpetuals trading platforms on Solana, has launched Drift v3, a major upgrade meant to make onchain trading feel as fast and smooth as using a centralized exchange.
The new version will deliver 10-times faster trade execution on the platform thanks to a rebuilt backend, marking the largest performance jump the project has made so far.
With v3, the Drift team says that about 85% of market orders will fill in under half a second, and liquidity will deepen enough to bring slippage on larger trades down to around 0.02%. The upgrade is intended to make on-chain derivatives trading feel smoother and more consistent for everyday users.
Tools like take-profit and stop-loss orders will also update more quickly, operating within a single Solana slot rather than several seconds. Oracle prices will refresh on the same timeline, and gas fees will continue to be abstracted away so users don’t have to deal with transaction costs mid-trade.