TechFlow news, April 25 — According to official announcements from Backpack Exchange, the platform has completed the fifth weekly distribution of points for its Season 1 Points Campaign. Since the official launch of the Season 1 Points Campaign, key metrics including user count and trading volume have continued to grow steadily.
According to activity data released by Backpack Exchange for week five: total trading volume across spot and perpetual contracts reached $15.3 billion, with a 24-hour peak volume of $950 million. The number of unique traders reached 65,000, and platform assets totaled $150 million.
It is reported that Backpack plans to roll out three quarterly campaigns in phases, each lasting 10 weeks. Each week, 10 million points will be distributed on a fixed basis, amounting to 100 million points per quarter. Points will be distributed every Friday at 10:00 (UTC+8).
