The Solana-based cryptocurrency exchange reached $300 million in trading volume 24 hours after the start of the pre-season beta launch of Backpack, launched by the creators of the Mad Lads NFT collection. The exchange's popularity is due in part to the Backpack ecosystem's record-breaking Mad Lads xNFT collection and the potential of the underlying Solana blockchain.

Backpack recorded 6,000 unique deposits within 24 hours of its preseason launch. The newly launched exchange has impressive trading metrics such as one-millisecond order placement and order cancellation in less than one millisecond.

Backpack's SOL/USDC spot trading pair reached $643 million in 24-hour trading volume, surpassing the trading pair of Binance, the world's largest exchange. Backpack Exchange was licensed to operate in many jurisdictions worldwide in 2023.

24-hour trading volume of Mad Lads NFTs increased by 77.93% to £1 million, making it the third largest collectible by daily trading volume among all blockchain networks. Solana's sales volume increased by 20.19% to $7.35 million, making it the second-largest blockchain by 24-hour NFT sales volume, behind Ethereum.#Backpack#Solana #NFT

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