Backpack (BP)
CryptoScore Pro global score : 64/100 (computed on 2026-10-28)
Backpack is a Solana-based multi-chain wallet infrastructure designed to simplify cross-chain asset management for decentralized finance (DeFi) and Web3 users. Positioned as an exchange-based token, BP serves as the native utility and governance asset for the Backpack ecosystem, which integrates directly with centralized exchanges (CEX) and decentralized applications (dApps) to streamline token swaps, staking, and yield generation. Unlike traditional wallets that require users to manually navigate between blockchains, Backpack’s architecture leverages Solana’s high-throughput network to enable seamless asset transfers and interactions, targeting institutional and retail users seeking efficiency in multi-chain DeFi participation. Its significance lies in bridging the gap between centralized liquidity hubs and decentralized protocols, a critical pain point in the fragmented Web3 landscape. With a market capitalization of 274 million USD and a TVL of 577 million USD, Backpack’s adoption underscores its role as a pivotal player in Solana’s DeFi ecosystem, particularly for users prioritizing speed, low fees, and interoperability. Technologically, Backpack operates as a smart contract…
Scores by pillar
| Technology | 42/100 |
|---|---|
| Tokenomics | 65/100 |
| Team | 54/100 |
| Adoption | 78/100 |
| Liquidity | 59/100 |
| Compliance | 73/100 |
Market data
| Price | $0.9904 |
|---|---|
| Market cap | $247.64M |
| 24h volume | $2.65M |
| Market cap rank | #192 |
| 24h change | +3.21% |
| 7d change | -14.09% |
| Blockchain | Solana |
| Sector | Wallet |
Analysis
The protocol addresses the fragmentation of Web3 assets. It offers a multi-chain wallet infrastructure on Solana, using native accounts to streamline transfers between decentralized finance and centralized hubs. The token serves as a utility and governance asset. It facilitates staking and yield generation.