Swift Protocol Launches to Enhance DeFi Trading Execution Speed

The Drift platform has launched the Swift Protocol to enhance the DeFi trading experience on Solana. Key features include:

• Consolidation of on-chain trades into a single execution layer, improving speed and liquidity.
• Market makers compete to fill orders quickly, reducing slippage.
• Gas fees are eliminated for traders, with no additional costs for market makers.
• Introduction of a Dutch auction system to minimize MEV extraction risks.
• No staking-based order prioritization at launch, ensuring fair execution across all traders.

The Swift Protocol is currently live for perpetuals trading, with spot markets expected soon.