Futures
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Gold
One platform for global traditional assets
Options
Hot
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Introduction to Futures Trading
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CandyDrop
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HODLer Airdrop
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Launchpad
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Alpha Points
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Futures Points
Earn futures points and claim airdrop rewards
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Global regulated cryptocurrency exchange Backpack has issued its native token $BP on Solana through Wormhole's Sunrise platform, marking the first licensed exchange to use on-chain DeFi as a primary distribution channel. The token has a total supply of 1 billion, with 25% unlocked at token generation event (TGE), all allocated to users, and supports staking for potential equity conversion. Despite mixed community reception, this issuance comes as Solana's decentralized exchange (DEX) trading volume has led all L1/L2 chains for six consecutive months, with spot trading volume expected to reach $15.8 trillion in 2025.