Velocity DEX is Drift Protocol under a new name, relaunching after the $285M April 2026 hack with a $127.5M Tether credit line. Its post-fork code is still awaiting a published audit report. BULK Exchange has been live on mainnet since September 5, 2026, with a completed Zellic audit. Here is the honest comparison.
On April 1, 2026, Drift Protocol lost $285M in one of the most sophisticated DeFi exploits on record. It has since rebranded to Velocity DEX, backed by a $127.5M Tether credit line, and remains in beta months later. Here is exactly what happened, how it worked, and where things stand now.
BULK's Genesis Phase waives maker fees entirely for the first 30 days of mainnet. Every day you trade after this window closes, you're paying a fee you could be paying zero on right now.
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