Backpack

Backpack is the exchange token of an all-in-one crypto wallet and exchange platform that operates within the Solana ecosystem. It is designed for users who want a single product covering both self-custody of digital assets and access to a centralized trading venue. The token represents a claim on the exchange's ecosystem rather than on any underlying blockchain of its own.

BP is a centralized exchange token, meaning it exists as a digital asset tied to the commercial operation of the Backpack platform rather than to a decentralized protocol with its own consensus mechanism or block time. The token's utility is defined by the application layer of the Backpack exchange itself. No consensus algorithm or block production data is stored for this asset, so a fuller mechanical description of on-chain settlement is not available.

The data stored for BP does not include a fee revenue stream, so no figures exist on this site for fees collected, distributed, or retained by the protocol. The exchange holds total value locked of $556,712,471.54 at the point of measurement, which declined by 4.46 percent over the trailing seven days. With a market capitalization of $258,937,634 and a fully diluted valuation four times that figure, the ratio of market cap to TVL stands at 0.46 and the ratio of fully diluted valuation to TVL stands at 1.84, both of which are structural comparisons rather than fee-based measures. Because no fee data is present, any metrics on this site that rely on a fee stream cannot be populated for BP.