After the previous post was published, many users have been asking how to participate in the airdrop event of Backpack Exchange.
Backpack Exchange was founded in 2023 by a team of former FTX executives, based on the Solana blockchain, dedicated to building a secure, transparent, and efficient cryptocurrency trading platform. The platform is developed by Coral, integrating high-performance blockchain technology with user-friendly design, supporting spot trading, lending, staking, and derivatives trading. Its core feature is the decentralized wallet (Backpack Wallet), which uses multi-party computation (MPC) technology to ensure asset security and is deeply integrated with the Solana ecosystem, supporting NFT projects like Mad Lads, aiming to connect traditional finance with the crypto world while balancing compliance and innovation.
Click here to register --> BackPack Official Portal
- Asset scale: $30 million (as an emerging platform, rapidly rising)
- Number of trading pairs: 350 (mainly focused on Solana ecosystem tokens)
- 24-hour trading volume: $285 million (with high growth potential)
- Highlights: Backpack is emerging as a dark horse in 2025, focusing on trading within the Solana blockchain ecosystem. The platform interface is simple, supporting the integration of NFTs and DeFi, and is favored by young users. Through deep cooperation with the Solana community, trading volume has rapidly increased.
Trading Smoothness#
Backpack's trading system is built on the Solana blockchain, providing fast trading speeds and low latency. As early as February 2024, its 24-hour trading volume exceeded $1 billion, demonstrating strong liquidity. Additionally, the overall slippage rate is low, with many trading pairs having very high depth, ensuring stable operation of the platform.
Airdrop Events#
In March 2025, Backpack launched a 10-week "Season 1 Points Program," where users can accumulate points through spot trading, lending, and other activities. The program is divided into six levels from Bronze to King, with rewards distributed weekly.
The platform has completed four airdrops, with a total amount exceeding $50 million. Its airdrop potential is comparable to Arbitrum. When participating, users can enhance their points by using multiple accounts (each account is recommended to deposit over $1,000), but KYC verification is required. Users holding Mad Lads NFTs can also receive additional rewards.
Currently, the latest round of the season's points activities has begun, allowing users to easily participate and receive generous rewards.
APY (Annual Percentage Yield)#
Backpack offers lending and staking services with competitive yields:
SOL lending: Approximately 12.24% annual yield (based on peak official data).
USDC lending: Approximately 5.50% annual yield. By using high-leverage strategies, such as depositing USDC, borrowing more assets, and combining contract hedging, users can increase APY to over 50%, suitable for users with a higher risk tolerance.
Deposits and Withdrawals#
Backpack supports fiat deposit and withdrawal services. In March 2025, the platform opened USDC to USD wire transfers to bank accounts (such as LINE Bank). Withdrawals typically arrive the next day, with no fees and an efficient process. In testing, a withdrawal of 1,000 USDC was successfully received the next day. Deposits require KYC verification, taking about 3-5 minutes, and some regions (like Australia) may require additional proof of address.
Summary#
Backpack has rapidly risen in the cryptocurrency community due to its convenient deposit and withdrawal services, generous APY, fast trading execution, and substantial airdrop activities. Its deep integration with the Solana ecosystem is a unique advantage, and users highly praise its withdrawal efficiency and airdrop potential. However, volume manipulation operations should be approached with caution, and the platform's stability still needs to be verified. In the future, the platform plans to launch margin trading and other features, which are worth continuous attention.
Click here to register --> BackPack Official Portal
from @看不懂的 sol
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