Backpack Exchange Airdrop Guide
Following the previous post, numerous users have inquired: How can you actually participate in the Backpack exchange airdrop?
Backpack: Established in 2023 by a team of former FTX executives, this exchange operates on the Solana blockchain, aiming to deliver a secure, transparent, and efficient cryptocurrency trading platform. Developed by Coral, it combines high-performance blockchain technology with a user-friendly design, supporting spot trading, lending, staking, and derivatives. A core feature is the decentralized Backpack Wallet, which employs MPC (Multi-Party Computation) technology to safeguard assets. Deeply integrated with the Solana ecosystem, it also supports NFT initiatives like Mad Lads. Its mission is to connect traditional finance with cryptocurrency, balancing regulatory compliance and innovation.
Click here to register --> BackPack Official Portal
Asset Scale: $30 million (an emerging platform experiencing rapid growth)
Number of Trading Pairs: 350 (primarily tokens within the Solana ecosystem)
24h Trading Volume: $285 million (indicating substantial growth potential)
Highlights: Backpack has emerged as a standout performer in 2025, focusing on Solana-based assets. The platform features a streamlined interface, integrates NFT and DeFi capabilities, and appeals strongly to younger demographics. Its close collaboration with the Solana community has driven a swift increase in trading activity.
Trading Performance
Backpack's trading infrastructure leverages the Solana blockchain, ensuring rapid transaction execution and minimal latency. As early as February 2024, its daily volume surpassed $1 billion, reflecting robust liquidity. Slippage remains low, with many pairs featuring deep order books. Overall, the platform operates reliably and efficiently.
Airdrop Campaign
In March 2025, Backpack initiated a 10-week "Season 1 Points Program." Users earn points through activities like spot trading and lending, with tiers ranging from Bronze to King and weekly reward distributions.
The exchange has completed four airdrop rounds, distributing over $50 million in total. Its airdrop potential is comparable to that of Arbitrum. For participation, users can employ multiple accounts (each recommended to hold $1000 or more), but must complete KYC verification. Holders of Mad Lads NFTs receive additional incentives.
The current season is active — now is an opportune moment to maximize point accumulation!
APY (Annual Percentage Yield)
Backpack provides competitive returns for lending and staking:
SOL Lending: ~12.24% APY (peak rate based on official data)
USDC Lending: ~5.50% APY
Personal testing of high-leverage strategies, such as depositing USDC, borrowing additional assets, and hedging with contracts, has yielded APYs exceeding 50%. This approach suits users with a higher risk tolerance.
Deposit & Withdrawal
Backpack supports fiat on-ramps and off-ramps. Since March 2025, it has enabled USDC-to-USD wire transfers to bank accounts (e.g., LINE Bank). Withdrawals typically process within one day with no fees. A test withdrawal of $1000 USDC confirmed funds arrival the following day. Deposits require KYC, taking approximately 3–5 minutes, though some regions (e.g., Australia) may necessitate proof of address.
Summary
Backpack is rapidly gaining traction in the cryptocurrency community due to its efficient deposit and withdrawal processes, attractive APYs, seamless trading experience, and rewarding airdrops. Its deep integration with the Solana ecosystem is a significant strength. Users commend the withdrawal speed and airdrop opportunities. However, caution is advised regarding wash trading, and platform stability requires further validation. Features like margin trading are planned for future development, making it a platform worth monitoring.
Click here to register --> BackPack Official Portal
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🔥 Recommended Reading
🔥 How to Access OKX Exchange from mirror domain
Original exchange domains often face restrictions or slow access due to overseas servers, leading users to mistakenly believe services are down. Typically, this results from network limitations rather than actual outages. To address this, exchanges like OKX and Binance regularly update backup domains for continued access.
OKX backup domain OKX Global or Alternative Link
Binance backup domain Binance
Bitget backup domain Bitget
Bybit backup domain Bybit/Bybitglobal
HTX (Huobi) backup domain Huobi/HTX
Gate.io backup domain Gate.io
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