Drift Protocol vs Aevo
A detailed head-to-head comparison of Drift Protocol and Aevo — pricing, features, and which one wins for different use cases.
Drift Protocol
Solana-native perpetuals exchange with spot trading, lending, and borrow markets in one protocol
Drift Protocol is the leading decentralized perpetuals exchange on Solana, combining perpetual futures, spot trading, and a borrow/lend market into a single integrated DeFi protocol. Built to exploit …
Full review →Aevo
Order-book DEX combining perpetuals and on-chain options
Aevo is a high-performance decentralized derivatives exchange (from the Ribbon Finance team) notable for offering both perpetual futures and on-chain options in one venue — a rarer combination, since …
Full review →Feature Comparison
| Feature | Drift Protocol | Aevo |
|---|---|---|
| Max Leverage | 10x | Up to 20x |
| Settlement Model | vAMM + DLOB hybrid | Off-chain OB + on-chain settlement (Aevo L2) |
| Oracle Type | Pyth Network | Order book + oracle |
| Funding Rates | ✓ | ✓ |
| Cross Margin | ✓ | ✓ |
| Isolated Margin | ✗ | ✓ |
| Liquidity Provider Yield | ✓ | ✗ |
| Governance Token | ✓ | ✓ |
| Multi Chain | ✗ | ✗ |
| Self Custody | ✓ | ✓ |
Drift Protocol Pricing
Drift Protocol
Free (fee per trade)
Free
- ✓30+ perp markets
- ✓Up to 10x leverage
- ✓Spot trading
- ✓Borrow/lend
- ✓Solana-native
- ✓Cross-margin
Aevo Pricing
Aevo
Free (fee per trade)
Free
- ✓Non-custodial perpetuals
- ✓Up to 20x leverage
- ✓On-chain settlement
- ✓Funding-rate markets
- ✓Self-custody trading
Verdict: Which Should You Choose?
Drift Protocol is the better pick if you need integrated perps + spot + borrow/lend in one protocol — best capital efficiency on solana. Aevo wins when rare on-chain options alongside perpetuals. Both are production-ready — the right choice depends on your team's workflow and budget.