Overview
Backpack(BP)
Token Price$0.24
24h Change-1.71%
All Time HighMar 23, 2026$0.45
All Time LowMay 25, 2026$0.12
Key Metrics
Market Cap$60.62m
Fully Diluted Valuation$242.47m
Circ. Supply250m BP
Max Supply1b BP
Volume 24h$1.79m
CEX Volume$206,761
DEX Volume$1.88m
Total Raised$17m
Series A · Feb 28, 2024$17m
Markets
Token Rights and Value Accrual
Updated Mar 23, 2026Overview
- Token(s)
- BPsBP
- Token Type
- Utility
- Utility
- Staking, Protocol Access, Fee Discounts
BP is the utility token of Backpack. Staking BP unlocks lower trading fees, yield, free wires and the potential to purchase Backpack equity using tokens.
Governance Rights
ControlUsers who stake BP for a minimum of one year can convert their tokens into Backpack company equity at a fixed ratio. There are no token allocations to investors or insiders. BP supply is distributed progressively, with unlocks tied to growth milestones and a fully locked corporate treasury structure.
Governance Decisions
Current setup does not enable governance.
Treasury Decisions
Revenue Decisions
Fee Switch
OFFEquity Statement
No founders, employees or venture investors receive tokens at TGE. Users who stake BP for a minimum of one year can convert their tokens into Backpack company equity at a fixed ratio. Backpack Exchange reserves sole discretion over staking tiers & benefits and what counts as an "Exit Event".
Economic Rights
Value CaptureStaking BP unlocks access to reduced trading fees, free wire transfers, additional yield and an equity exchange after 1 year of staking. After staking for a period of one year, staked BP can be exchanged for non-voting equity in special-purpose vehicles that hold shares in the Backpack operating companies. Staking beyond 1 year earns bonus equity from an additional pool, accruing over the following 3 years. Backpack Exchange reserves sole discretion over staking tiers & benefits and what counts as an "Exit Event".
Buybacks
N/ADividends
N/ANo dividend or revenue distribution is currently active
Burns
N/ANo burn mechanism is currently active
Ownership
- Fundraising
- Unknown
- Equity Revenue Capture
- Unknown
Token Usage
An is required to view token usage.
Yields
Tracking 3 pools, average APY 33.25%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWSOL-BPConcentrated - 0.01% | $95,968 | 65.78% | 65.78% | 39.85% | |||||
| open in new tabWSOL-BPConcentrated - 0.05% | $35,748 | 0.72% | 0.72% | 78.42% | |||||
| open in new tabWETH-BP | $13,090 | 0% | 0% | 0.39% |