Decentralized derivatives trading platform Drift renames to VelocityOdaily reports, according to official sources, the decentralized derivatives trading platform Drift has officially rebranded to Velocity. The new name reflects the upgraded platform being built, where execution speed and directional precision determine outcomes in the perpetual contract trading market. Velocity encompasses both aspects and symbolizes the momentum of the relaunch.This rebranding marks a clear demarcation between the past and the future. Velocity represents the long-term goal of the team's exchange, featuring a cleaner architecture, a stronger security foundation, and a clearer platform positioning. Velocity will soon release a private beta version to select partners and traders, ensuring it is rebuilt as the most robust perpetual contract exchange on Solana.
