Solana-Based Crypto Exchange Drift Plans Pre-Launch Market for New Tokens

Drift Protocol – a crypto spot and futures exchange that operates on the Solana (SOL) blockchain – plans to expand into "pre-launch markets," too, with a service that lets traders bet on the price of tokens before they start officially trading. There's plenty of such assets to choose from these days. A coterie of crypto startups on Solana are preparing to airdrop new tokens to their users, including Wormhole's W, and Tensor's TNSR. Cindy Leow, Drift's co-founder said traders and market makers have generally followed a stilted logic: price the token at the project's most recent valuation and add "some sort of premium."

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