BlockBeats News, July 1st - According to official sources, the perpetual contract trading platform Drift has announced today that it is officially rebranding to Velocity. The team stated that this brand upgrade aims to reflect the new generation trading platform architecture they are building. The team pointed out that in the perpetual contract market, execution speed and directional judgment are crucial, and the name "Velocity" is intended to embody trading speed and market momentum, while signaling the platform's entry into a reboot phase.

The officials stated that this renaming also represents a clear delineation of the product roadmap: the new platform will adopt a clearer system architecture, a stronger security infrastructure, and a more defined product positioning. Currently, Velocity is advancing the rebuilding work and plans to open a beta version to some partners and traders in the coming days to validate the stability and performance of the new generation Solana-based perpetual contract trading system.