Drift announces renaming to Velocity and promotes restart, positioning itself as a new generation perpetual contract trading platform BlockBeats News: On July 1st, according to official sources, the perpetual contract trading platform Drift announced today that it has officially changed its name to Velocity and stated that this brand upgrade aims to reflect the new generation of trading platform architecture it is building. The team pointed out that in the perpetual contract market, execution speed and directional judgment are crucial. The name "Velocity" aims to reflect trading speed and market momentum, while also marking the platform's entry into the restart phase. The official statement indicates that this renaming also represents a clear boundary in the product roadmap: the new platform will adopt a clearer system architecture, stronger security infrastructure, and clearer product positioning. At present, Velocity is advancing the reconstruction work and plans to open a private beta version to some partners and traders in the coming days to verify the stability and performance of the new generation Solana based perpetual contract trading system. [Original link]