Hey there, crypto enthusiasts! If you’ve been keeping an eye on the latest trends in the blockchain world, you’ve probably heard about Backpack Exchange’s exciting update for Season 2, Week 4. On August 1, 2025, Backpack dropped a massive announcement: 10 million points distributed to its users! This is a big deal for anyone looking to maximize their rewards in the crypto space. Let’s dive into what this means and how you can get in on the action.

What’s the Buzz About 10M Points?

Imagine walking into a treasure room filled with gold coins—that’s the vibe Backpack is giving with this update. The eye-catching image from their tweet shows a medieval vault overflowing with coins, a sword, and a trusty orange backpack, symbolizing the rewards waiting for active users. These 10 million points are part of Backpack’s innovative points program, designed to reward users for their engagement across the platform’s products, like trading and lending.

For those new to this, points are like digital badges of honor. They’re distributed weekly based on your activity, and the more you participate, the more you earn. The best part? The criteria are kept a bit mysterious (intentionally opaque, as Backpack calls it), which adds an element of surprise and excitement. This week’s distribution highlights Backpack’s commitment to growing its community and rewarding those who contribute to its success.

Key Stats from Season 2, Week 4

Backpack didn’t just stop at the points drop—they shared some impressive numbers to back it up:

• $5.3 billion in total spot and perpetuals volume.
• $716 million in open margin.
• $490 million in open interest.
• $349 million in assets under custody—a new all-time high!

These figures show how vibrant the platform is, attracting traders and investors alike. With Week 5 now underway, Backpack is keeping the momentum going by allocating 2 million points to USD lenders from this week’s distribution. If you’re lending USD, this is your chance to stack those rewards!

How to Earn and Show Off Your Points

So, how do you get a piece of this 10M points pie? The key is activity. Whether you’re trading crypto pairs, lending stablecoins, or staking SOL, your engagement counts. Backpack’s system automatically pools your assets to generate yield, making it super easy to earn passively. Plus, with the platform’s cross-margined environment, your lent assets can also serve as margin for new trades—talk about capital efficiency!

Users are already jumping in to show off their points. From “Diamond” rank with 20,345 points to “Gold” with 1,022 points, the community is buzzing on Twitter. Want to join the fun? Check your points on backpack.exchange/points and share your rank with the hashtag #BackpackRewards. It’s a great way to connect with other enthusiasts and maybe even pick up some tips!

Why This Matters for Crypto Fans

This points distribution isn’t just a gimmick—it’s a sign of Backpack’s growth and its focus on user incentives. As a regulated global exchange built on Solana, Ethereum, and BTC, Backpack is carving out a niche with its user-friendly design and robust risk management. For meme token lovers and blockchain practitioners, this is a platform to watch. The points could evolve into future rewards or even governance tokens, so staying active now might pay off big time later.

What’s Next for Week 5?

With Week 5 kicking off, the excitement isn’t slowing down. If you’re a USD lender, those 2 million extra points are up for grabs. Keep an eye on Backpack’s official Twitter for updates, and don’t hesitate to dive into their support page (support.backpack.exchange) if you have questions. The community is also curious about how many points it takes to hit “Platinum” rank—something Backpack might reveal soon!

Ready to level up your crypto game? Head over to backpack.app to get started. Whether you’re a seasoned trader or just dipping your toes into the blockchain world, Backpack’s Season 2 rewards are a fantastic opportunity to earn while you learn. Let’s see those points stack up—happy trading!