Crypto Scenario Insights
What happened
Solana-based perpetuals exchange Drift has rebranded to Velocity, citing a comprehensive upgrade to its architecture, security, and product positioning.
What we think
The rebranding of Drift to Velocity, accompanied by a focus on architectural and security upgrades, is most likely to result in a neutral-to-slightly bullish market reaction (50% probability) for DRIFT and SOL in the sho…
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Drift Rebrands to Velocity: A Technical Overhaul or Just a New Name for Solana DeFi?
We explain what happened and what could follow. We do not forecast prices.