Backpack

Backpack is an all-in-one cryptocurrency wallet and centralized exchange whose native token carries the ticker BP. It aims to give users a single interface for storing, sending, and trading digital assets, with a particular focus on the Solana ecosystem. The project targets everyday crypto users who want wallet and trading functionality in one place without switching between separate applications.

BP is an exchange-based token tied to the Backpack platform, which operates as a centralized exchange rather than a protocol with its own consensus layer or block time. The token exists within the Backpack application and, as is common with CEX tokens, may confer benefits such as fee discounts or platform access, though the data provided does not detail specific token utility mechanics. No consensus algorithm or block interval is recorded for BP, because settlement occurs on the exchange's internal systems rather than on a dedicated public chain.

The data does not record a fee stream attributable to BP holders, so no fee-based measures such as revenue per token or protocol take-rate are available on this page. What is recorded is a total value locked of 428,253,119.66 USD at the current point in time, which rose 5.43 percent over the trailing seven days. The market capitalization of 114,102,011 USD against that TVL figure produces a market-cap-to-TVL ratio of roughly 0.27, and the fully diluted valuation against TVL stands at approximately 1.06, both measured at the current point in time. Only 25 percent of the one-billion maximum supply is currently circulating, leaving a dilution overhang of 300 percent relative to the circulating supply.