Backpack Exchange, the all-in-one crypto platform that's making waves in the Solana ecosystem, just dropped some exciting news on X (formerly Twitter). In their latest update for Season 2, Week 9, they've distributed a whopping 10 million points to users. If you're into meme tokens and blockchain trading, this is a big deal—it's all about rewarding active participants while showcasing impressive growth stats.

The announcement, posted on September 5, 2025, highlights key metrics that show just how much the platform is booming. We're talking $4.5 billion in total spot and perps (that's perpetual futures contracts, for those new to the term) volume. That's a huge number, indicating a lot of trading action happening on the exchange.

But it's not just about trading volume. Backpack also reported $530 million in lent assets—meaning users are actively lending out their crypto to earn interest. Open margin hit $816 million, which refers to the borrowed funds traders are using to amp up their positions. Open interest, a measure of outstanding derivative contracts, stands at $528 million. And assets under custody? A solid $375 million, showing trust in the platform's security.

One of the standout points is the five new listings added during this week. From what we've gathered, these include some intriguing meme token plays. For instance, WLFI (World Liberty Financial), a token tied to political hype around figures like Trump, went live on September 1. It's got that meme energy with its community-driven narrative. Then, on September 3, Backpack rolled out perps markets for WLD (Worldcoin), kSHIB (a Shiba Inu-inspired meme token on the Binance Smart Chain), and PYTH (Pyth Network). Earlier in late August, APT (Aptos) joined the spot trading lineup. These additions are perfect for meme enthusiasts looking to trade volatile, fun assets on a reliable exchange.

Users in the thread are buzzing, sharing screenshots of their points balances. One trader mentioned getting double points this week and eyeing Diamond tier status soon. Another is close to Platinum, while someone else is pushing for Challenger. It's clear the points system is motivating folks to engage more—points often lead to airdrops, exclusive perks, or even token rewards in crypto ecosystems like this.

If you're wondering what Backpack Exchange is all about, it's built by the team behind the popular Backpack wallet, which integrates seamlessly with Solana and other chains. They focus on self-custody, meaning you control your keys, and offer features like lending, borrowing, and high-speed trading. Plus, with ties to the Mad Lads NFT community, there's a strong meme culture vibe.

Why This Matters for Meme Token Traders

For anyone diving into meme tokens, Backpack's growth is a signal of more liquidity and opportunities. Meme coins thrive on hype and volume, and with $4.5B flowing through the platform, it's becoming a go-to spot for Solana-based memes and beyond. The new listings like kSHIB bring in that classic doge-inspired fun, while WLFI taps into political memes that can go viral overnight.

Points distributions like this one are a smart way to keep the community engaged. Think of it as loyalty rewards in crypto form—trade more, hold assets, and you climb the ranks. Who knows? These points might convert to a future token drop, similar to how other exchanges have done it.

How to Get Involved

If this piques your interest, head over to Backpack Exchange to sign up. Download the wallet app for iOS or Android, complete KYC, and start trading. Keep an eye on their X account for more updates—threads like this one often spark community discussions and tips.

In the fast-paced world of meme tokens, staying updated on platforms like Backpack can give you an edge. Whether you're lending assets or trading perps, this Season 2 update shows the exchange is on a roll. What's your take? Have you earned points this week? Drop your thoughts in the comments below!