DeFi2 min read
Drift Rebrands to Velocity: A Technical Overhaul or Just a New Name for Solana DeFi?
Solana-based perpetuals exchange Drift has rebranded to Velocity, citing a comprehensive upgrade to its architecture, security, and product positioning. The move signals an intent to rebuild as the 'most robust' perpetuals exchange on Solana, with a private beta planned. Market reaction will likely be contingent on the demonstrable improvements and their ability to attract increased capital flows and trading volume.
Layer 13 min read
Solana's Fee Engine Slows: Does the 80% Pump.fun Decline Signal a Structural Shift to Perps?
An 80% drop in Pump.fun activity over three months has led to a notable decline in Solana network fees. This shift highlights a broader capital rotation from highly speculative spot memecoins toward perpetual contracts, altering Solana's fee-generation model and on-chain liquidity distribution.