Drift Labs, the developer of a decentralized finance platform built on the Solana blockchain, announced Thursday it has raised $25 million in new funding to expand its services. The Series B round was led by Multicoin Capital and attracted investments from Blockchain Capital,

The round was led by led by Multicoin Capital.Drift plans to build an array of financial services tools, including spot and derivatives trading and a predictions market to become the "Robinhood of crypto,

Drift, a decentralized finance (DeFi) platform built on the Solana blockchain, has raised $25 million in a Series B funding round led by Multicoin Capital.

Drift Labs raised $25M in Series B funding, aiming to expand its spot trading, derivatives, and prediction markets on Solana.