Drift Protocol has officially rebranded to Velocity, marking a new phase in its development focused on performance, security, and refined trading infrastructure. The team said the new name reflects the core nature of perpetual trading, where execution speed and directional precision are critical. Velocity is positioned as the next evolution of the platform, featuring a cleaner architecture and improved security foundation. According to the announcement, the rebrand separates the project’s previous iteration from its future direction, with Velocity described as the exchange the team has been building toward. Alongside the rebrand, Velocity confirmed plans to roll out a private beta in the coming days, initially available to selected partners and traders, as part of preparations for a full relaunch as a Solana-based perps exchange.