Synthetix vs. Drift Protocol
Compare key details of Synthetix and Drift Protocol side by side in a structured table format. This overview highlights core features, differences, and relevant information for each option. Use it to review how various choices stack up across the category.
| Synthetix | Drift Protocol | |
|---|---|---|
| Supported Derivatives | Synthetic Assets, Futures | Perpetual Swaps |
| Leverage | Up to 10x | Up to 10x |
| Supported Blockchains | Ethereum, Optimism | Solana |
| Trading Fees | 0.30% | 0.10% |
| Decentralization Type | Synthetic AMM | Virtual AMM |
| Security Features | Audited contracts, DAO governance | Audited, high speed trading |
| Liquidity Level | Medium-High | Medium |
| Minimum Trade Size | $1 equivalent | $5 equivalent |
| Insurance/Risk Management | Debt pool mechanism, liquidation protection | Insurance fund, dynamic risk parameters |
| Unique Features | Wide asset availability, innovative model | Fast transactions, Solana-based efficiency |
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