Drift, a leading perpetual contract trading platform on Solana, has unveiled Drift v3, significantly enhancing transaction speeds. The upgrade, reported on December 4th, features a rebuilt backend system that accelerates transaction execution by ten times. Approximately 85% of market orders are now executed within half a second, with improved liquidity and reduced slippage to 0.02% for large transactions. This upgrade aims to enhance the stability and smoothness of on-chain derivatives trading for users. Future developments for Drift include addressing automatic signatures, simplifying deposits, and introducing independent margin. The team plans to launch a mobile application and is testing a new liquidity provider pool to facilitate user participation in providing liquidity for perpetual contracts and the spot market, offering potential yield opportunities.