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Shenchao TechFlow news, July 01, according to official sources, decentralized derivatives trading platform Drift announced a brand upgrade and renamed to Velocity. Officials said the new name reflects the platform's emphasis on execution speed and directional accuracy in the perpetual contract trading field, and also marks the platform's entry into a new phase of architecture optimization, security foundation strengthening, and product positioning clarification.
Additionally, Velocity revealed that in the coming days it will open a private beta to some partners and traders, as an important step in rebuilding a more robust perpetual contract trading platform within the Solana ecosystem.