After the last post, many brothers have been asking about the specific gameplay of the Backpack exchange's airdrop.
The 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. Developed by Coral, the platform integrates 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, and supports 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 (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 a dark horse rising in 2025, focusing on trading within the Solana blockchain ecosystem. The platform interface is simple, supporting NFT and DeFi integration, and is favored by young users. Its deep cooperation with the Solana community has driven rapid increases in trading volume.
Trading Smoothness#
The Backpack trading system is based on the Solana blockchain, offering fast transaction speeds and low latency. Remember that as early as February 2024, the 24-hour trading volume exceeded $1 billion, with strong liquidity. Overall trading friction is very low, and many trades have very high depth, operating stably and reliably.
Airdrop Events#
In March 2025, Backpack launched a 10-week "Season 1 Points Program," allowing users to 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 Arbitrum, and it is recommended to use multiple accounts (each with over $1,000) to enhance points, but KYC certification must be completed. Users holding Mad Lads NFTs can also receive additional rewards.
The latest season points have now been launched, and brothers can operate easily, with huge opportunities!
APY (Annual Percentage Yield)#
Backpack offers lending and staking services with competitive yields:
SOL lending: approximately 12.24% annual yield (peak/official data).
USDC lending: approximately 5.50% annual yield. I have tried high-leverage strategies by depositing USDC, borrowing more assets, and combining contract hedging, which can push APY above 50%, suitable for users 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 usually arrive the next day, with no fees, and the process is efficient. 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 require additional address proof.
Summary#
Backpack has rapidly risen in the crypto community due to convenient deposits and withdrawals, generous APY, fast trading, and substantial airdrops. Its deep integration with the Solana ecosystem is a unique advantage, and users highly rate the efficiency of withdrawals and airdrop potential. However, caution is needed with volume manipulation, and the platform's stability is still to be tested. Margin trading and other features will be launched in the future, making it worth continuous attention.
Click here to register --> BackPack Official Portal
from @看不懂的 sol
🔥 Solving the issue of accessing OKX exchange in mainland China#
Many exchanges' original domain names may be listed on restriction lists, or access speed may be affected due to servers being located overseas. Ordinary users often feel at a loss and even suspect service interruptions from the exchange. In fact, this is more of a network environment issue rather than a platform failure. 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.
-
- OKX backup domain Overseas OKX - Need VPN or Alternative link
-
- Binance backup domain Binance
-
- Bitget backup domain Bitget
-
- Bybit backup domain Bybit/Bybitglobal
-
- Huobi HTX backup domain Huobi (Huobi/HTX)
-
- Gate backup domain Gate.io (芝麻开门)
🔥 Further Reading#
2025 China's Top Ten Virtual Currency Trading Platforms Ranking is Out 🔥【Worth Collecting】
🔥 Useful Tools for Finding Alpha#
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
Everyone is Searching For#
Buying Bitcoin in mainland China, Backpack airdrop, Backpack registration, OKX registration, Binance registration, Bitcoin purchase, Bitcoin crash, loan for stock trading, loan for coin trading, stock trading principles, Bitcoin, President Coin, Tony quotes, Crypto Circle Master Tony, Trump Coin, Buying Bitcoin in mainland China, trading exchanges, OKX download registration, domestic OKX recharge, Binance App registration, Binance App download, Binance platform coin buying tutorial, Binance registration, Binance airdrop registration, Binance iPhone download, how to buy President Coin, how to buy Dogecoin, purchasing Bitcoin with RMB, how to download OKX, web3 airdrop, web3 zero airdrop, Bitget mainland download registration, OKX passport registration, OKX download, Binance download, side business for coin trading, OKX contracts, how to recharge RMB on OKX, how to recharge on OKX, how to create an NFT wallet, how to recharge RMB on Huobi, beginner's tutorial for the crypto circle, btc8848.com, Tony's principles for trading contracts, contract leverage bit wave, Defi mining, crypto circle airdrop, can airdrops still be played in the crypto circle, what to do if a contract is liquidated, how to buy President Coin on OKX and Binance, how to buy Ethereum on OKX and Binance, how to play Defi staking and mining, can NFTs still be played, how to play web3 airdrop, how to mine inscriptions, how to mine runes, beginner's guide for the crypto circle, how to trade coins, can trading coins make money, btc8848.com beginner's tutorial for trading coins, can trading coins make money, what is contract leverage, Defi mining, how to play in the crypto circle, OKX airdrop, node staking, liquidation, financial freedom, night investment heiyetouzi.xyz