PANews reported on December 4th that Drift, the perpetual contract trading platform within the Solana ecosystem, has launched a major upgrade, Drift v3. Thanks to a rebuilt backend system, the new version increases transaction execution speed by 10 times. The Drift team stated that approximately 85% of market orders in v3 are executed within half a second, liquidity is significantly enhanced, and slippage for large transactions is reduced to approximately 0.02%, aiming to make on-chain derivatives trading smoother and more stable for everyday users. Going forward, Drift will address issues such as automatic signatures, convenient deposits, and independent margin, and will eventually launch a mobile application. The team is also testing a new Drift liquidity provider pool, making it easier for users to provide liquidity for perpetual contracts and the spot market and earn yield.