The crypto world is buzzing again, and this time it's all about Backpack Exchange, the Solana-based centralized exchange (CEX) that's been making waves. Founded by Armani Ferrante, who's also behind projects like Mad Lads and Anchor, Backpack is no stranger to innovation in the blockchain space. But a recent tweet from Ferrante himself has the community excited about what's next.

Record-Breaking Volumes in Early October

It all started with a post from crypto developer k_jeka, who highlighted Backpack's insane performance metrics. As of October 8, 2025, the exchange had already hit half of September's total volume—and we're talking billions here. The daily volume smashed a new all-time high (ATH), with figures showing a cumulative 3.38 billion on October 7 alone, dominated by SOL trades but with strong showings from BTC, ETH, and perpetuals.

To put it in perspective, data from sources like CoinGecko pegged Backpack's 24-hour trading volume at over $3.7 billion, up 11% in a single day, with open interest nearing $560 million across 63 pairs. That's not just growth; that's explosive momentum. For meme token enthusiasts, this is huge because Solana has become the go-to chain for viral memes like Dogwifhat or Bonk, and Backpack's spot and perp markets make trading them seamless.

Armani Ferrante's Vision for Global Reach

Replying to k_jeka's shoutout, Ferrante dropped a bombshell: Backpack currently serves only about 48% of the world. After nearly three years of building a solid foundation—without cutting corners—the team is ready to expand. "It's time to aim higher. Much higher," he tweeted. This isn't just talk; Backpack's integration with the Solana ecosystem, including its wallet app and ties to NFT projects like Mad Lads, positions it perfectly for broader adoption.

What does this mean for meme tokens? More liquidity, more users, and potentially more pumps. Solana's low fees and high speed have already fueled a meme coin renaissance, and a globally accessible CEX like Backpack could bring in traders from untapped regions. Imagine seamless on-ramps for users in Asia, Europe, or Latin America diving into the next big Solana meme.

Why This Matters for Meme Token Traders

As a former CoinDesk editor, I've seen plenty of exchange hype cycles, but Backpack's trajectory feels different. It's not just about numbers; it's about community-driven growth. k_jeka nailed it when they said this is "our achievement too." The Solana community, including meme token degens, has been instrumental in driving these volumes through active trading and engagement.

If you're into meme tokens, keep an eye on Backpack. With expansions on the horizon, it could become the ultimate hub for spotting and trading the next viral hit. Tools like perps allow for leveraged plays on memes, amplifying the fun (and risks) of this wild market. And with Solana's ecosystem thriving—think Pump.fun launches and celebrity memes—Backpack's rise could supercharge it all.

Community Reactions and What's Next

The tweet thread sparked immediate reactions, from excitement about scaling to queries about specific regions like the UAE or USA. One user even shared a glitch concern, but Ferrante was quick to respond, showcasing the team's hands-on approach. Others chimed in with support, emphasizing Backpack's role as the "#bestcex."

Looking ahead, Backpack's job listings and app updates suggest big moves. For blockchain practitioners, this is a reminder: solid tech plus community equals unstoppable growth. Whether you're trading memes or building on Solana, Backpack's expansion could open new doors.

Stay tuned to Meme Insider for more updates on Solana memes and CEX developments. If you're not already, download the Backpack app and join the ride.