| FEATURE | DRIFT | EVEDEX |
|---|---|---|
| Type | DEX | HYBRID |
| Taker Fee | 0.035% | 0.045% |
| Maker Fee | -0.0025% | 0.015% |
| Max Leverage | 101x | 100x |
| Perp Pairs | 40 | 48 |
| Spot Trading | Yes | No |
| KYC Required | No | No |
| Rating | 2.0 | 3.9 |
Drift
PROS
- + Up to 101x leverage available on SOL, BTC, and ETH perpetual markets via High Leverage Mode (pre-suspension product)
- + Maker rebates up to -0.0033% at VIP tier, meaning makers earn a rebate on each trade
- + Cross-collateral system lets any supported asset (USDT, SOL, JLP, etc.) serve as margin for any position
CONS
- − MAJOR EXPLOIT: ~$286M drained on April 1, 2026 via an administrator private-key compromise (suspected DPRK-linked / Mandiant UNC6862); ~$295M in user losses still outstanding
- − Public perpetual trading suspended since the exploit — only a private beta is live as of July 2026, with no announced public relaunch date
- − Recovery pool started at only ~$3.8M and must accrue protocol revenue and Tether/partner funds over time to cover ~$295M in losses, so users are far from being made whole
EVEDEX
PROS
- + Zero blockchain gas fees for trading — orders matched off-chain on Eventum L3 with roughly $0.01 on-chain settlement costs
- + Up to 100x leverage on BTC and major perpetual pairs with competitive 0.045% taker / 0.015% maker base fees
- + Non-custodial: funds remain in user-controlled smart contracts and settle on-chain, eliminating exchange counterparty risk
CONS
- − Perpetual-futures only (around 48 pairs) — no spot or options markets
- − Only USDT accepted as collateral — no multi-collateral support for diversified margin
- − Liquidity and open interest are a fraction of market leaders (TVL near $1.9M), so large positions can face slippage
Frequently Asked Questions
Is Drift or EVEDEX better?
EVEDEX has a higher rating (3.9 vs 2). Drift offers lower fees (0.035% vs 0.045%). Choose Drift for lower fees, and EVEDEX for its features.
What are the fees on Drift vs EVEDEX?
Drift charges 0.035% taker / -0.0025% maker. EVEDEX charges 0.045% taker / 0.015% maker for perpetuals.