After the last article was published, many users inquired about how to participate in the airdrop event of the Backpack exchange.
The Backpack exchange was founded in 2023 by a team of former FTX executives, leveraging the Solana blockchain to build 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, deeply integrates with the Solana ecosystem, supports NFT projects like Mad Lads, and aims to connect traditional finance with the crypto world, balancing compliance and innovation.
Click here to register --> BackPack Official Portal
- Asset scale: $30 million (emerging platform, rapidly rising)
- Number of trading pairs: 350 (focusing on Solana ecosystem tokens)
- 24-hour trading volume: $285 million (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 NFT and DeFi integration, and is popular among young users. Its deep cooperation with the Solana community has driven rapid growth in trading volume.
Trading Smoothness#
The Backpack trading system is based on the Solana blockchain, providing high-speed trading and low-latency experience. In February 2024, its 24-hour trading volume exceeded $1 billion, with strong liquidity. Overall wear and tear is low, trading depth is excellent, and operational stability is high.
Airdrop Event#
In March 2025, Backpack launched a 10-week "Season 1 Points Program," where users 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. Its airdrop potential can rival that of Arbitrum, and it is recommended to use multiple accounts (with over $1,000 per account) to enhance points, with KYC certification required. Users holding Mad Lads NFTs can receive additional rewards. The latest season's points activity has begun, allowing users to easily participate for substantial returns.
APY (Annual Percentage Yield)#
Backpack offers lending and staking services with competitive annual percentage yields:
- SOL lending: Approximately 12.24% APY (official data at peak).
- USDC lending: Approximately 5.50% APY. Users can enhance APY to over 50% through high-leverage strategies, such as depositing USDC, borrowing more assets, and combining with contract hedging, suitable for investors with 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 efficient processes. A test withdrawal of 1,000 USDC was successfully credited the next day. Deposits require KYC certification, taking about 3-5 minutes, with additional address proof required in some regions (like Australia).
Summary#
Backpack has rapidly risen in the crypto community due to its convenient deposit and withdrawal processes, attractive APY, fast trading, and generous airdrops. Its deep integration with the Solana ecosystem is a unique advantage, and users have positively evaluated the efficiency of withdrawals and airdrop potential. However, caution is advised regarding volume manipulation, and the platform's stability still needs verification. Future features like margin trading will be launched, making it worth ongoing attention.
Click here to register --> BackPack Official Portal
from @看不懂的 sol
🔥 Solutions to Accessing OKX Exchange from Mainland China#
Many exchanges' original domain names may be blacklisted, or access speeds may be limited due to overseas servers. Ordinary users may feel confused and even suspect service interruptions. In fact, this is more due to the network environment rather than platform issues. To address this situation, exchanges like OKX and Binance regularly update backup domain names to ensure users can access the official website through alternative addresses.
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- OKX backup domain Overseas OKX - Need VPN or Backup link
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- Binance backup domain Binance
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- Bitget backup domain Bitget
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- Bybit backup domain Bybit/Bybitglobal
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- Huobi HTX backup domain Huobi (Huobi/HTX)
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- Gate backup domain Gate.io (芝麻开门)
🔥 Related Reading#
🔥 Useful Tools for Alpha Finding#
1️⃣ Axiom Dog-Charging Tool https://axiom.trade
2️⃣ Gmgn Dog-Charging Tool https://gmgn.ai
3️⃣ dbot Dog-Charging Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
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