After the publication of the previous article, many friends 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, relying on the Solana blockchain, and is committed to creating a secure, transparent, and efficient cryptocurrency trading platform. The platform is developed by Coral and integrates high-performance blockchain technology with user-friendly design, supporting spot trading, lending, staking, and derivatives trading. Its core highlight is the decentralized wallet (Backpack Wallet), which uses multi-party computation (MPC) technology to ensure asset security, deeply integrates with the Solana ecosystem, supports NFT projects like Mad Lads, and aims 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, it is rapidly rising)
- Number of trading pairs: 350 (focusing on Solana ecosystem tokens)
- 24-hour trading volume: $285 million (showing high growth potential)
- Highlights: Backpack is a dark horse platform rising in 2025, focusing on trading within the Solana blockchain ecosystem. The interface design is simple, supporting the integration of NFTs and DeFi, and is favored by young users. Through deep cooperation with the Solana community, trading volume is rapidly increasing.
Trading Smoothness#
The Backpack trading system is based on the Solana blockchain, featuring fast trading and low latency. As early as February 2024, its 24-hour trading volume had already exceeded $1 billion, demonstrating strong liquidity. Overall wear and tear is low, and the depth of multiple trading pairs is very high, with the system operating stably and reliably.
Airdrop Event#
In March 2025, Backpack launched a 10-week "Season 1 Points Program," where users can accumulate points through spot trading, lending, and other activities, divided into six levels from bronze to king, with rewards distributed weekly. The platform has completed four airdrops, totaling over $50 million. I believe its airdrop potential can rival that of Arbitrum, and it is recommended to use multiple accounts (with suggested funds of over $1,000 per account) to enhance points, but KYC certification must be completed. Users holding Mad Lads NFTs can also receive additional rewards. The latest season's points activity has now started, and friends can easily participate; it's a rare opportunity!
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%. I have tried a high-leverage strategy by depositing USDC, borrowing more assets, and combining it with contract hedging, which can push the APY above 50%, suitable for users with a strong risk tolerance.
Deposit and Withdrawal#
Backpack supports fiat deposits and withdrawals, opening USDC to USD wire transfers to bank accounts (such as LINE Bank) in March 2025. Withdrawals typically arrive the next day, with no fees, and the process is efficient and convenient. I tested a withdrawal of 1,000 USDC, which successfully arrived the next day. Deposits require KYC certification, taking about 3-5 minutes, and some regions (like Australia) may need to provide additional proof of address.
Summary#
Backpack has rapidly risen in the crypto community due to its convenient deposit and withdrawal, generous APY, fast trading, and substantial airdrops. Its deep integration with the Solana ecosystem is a unique advantage, and users have rated the withdrawal efficiency and airdrop potential highly. However, caution is needed with volume manipulation, and the platform's stability still needs to be tested. Margin trading and other features will be launched in the future, making it worth continued attention.
Click here to register --> BackPack Official Portal
from @看不懂的 sol
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