Solana perpetuals exchange Drift Protocol has rebranded to Velocity DEX, with a private beta planned in the coming days as the platform rebuilds after a $295M April exploit. According to The Defiant, solana perpetuals exchange drift protocol has rebranded to velocity dex, with a private beta planned in the coming days as the platform rebuilds after a $295m april exploit.. The development comes amid ongoing regulatory scrutiny in the sector. The Defiant reports that this marks a significant milestone for the industry. The The Defiant report provides additional context on the implications for market participants and regulatory frameworks moving forward.
