2026-01-06 15:27:07

Backpack Season 4 is about to conclude in 3 weeks, but the data performance has been soaring all along. Trading volume is increasing, open interest (OI) is rising, and the total assets under custody and lending are also surging. What's even more interesting is that these growths are happening when more than half of users worldwide still cannot access the platform.

In other words, the ceiling of the ecosystem has not yet arrived. Currently, Backpack is demonstrating strong growth momentum across various indicators—whether it's trading depth, the scale of user-locked assets, or activity in the lending market—all progressing simultaneously. This reflects the market's continued recognition of the platform's liquidity and ecosystem functions. When more users in different regions gain access, how much further this growth curve can go is something to look forward to.

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CountdownToBroke

· 21h ago

Wow, more than half of the users can't even use it, and it's still rising like this? Backpack's pace is pretty intense.

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orphaned_block

· 01-07 13:49

Half of the users worldwide haven't even connected yet, with this data. Once fully released, it will be explosive.

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LayerZeroHero

· 01-07 01:05

It has been proven that the combined increase in OI and total lending is the key point, indicating that the protocol architecture works in real-world scenarios. I just want to see if the liquidity can be maintained after regional unlocking, which is the key to technical validation.

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just_vibin_onchain

· 01-06 15:56

Wow, half of the users can't even access it yet, and it's already this intense? Really, the real show begins when full access is open to everyone.

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RugPullAlarm

· 01-06 15:51

Wait a minute, are these data really verified on-chain? Or is it just the project team talking to themselves? I need to see if the money has actually entered the ecosystem and check the movements of major addresses. Is it an advantage that half of the users can't access? This sounds like an excuse for why the growth is slow... I need to dig into the smart contracts and see how concentrated the funds are.

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MetaNomad

· 01-06 15:51

Half of the users haven't even gotten on board yet, and the data is already so impressive... Once fully open, it will be explosive.

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SchrodingerPrivateKey

· 01-06 15:45

Half of the users haven't even gotten on board yet, and the data is already so strong. The real explosion is yet to come.

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GateUser-e87b21ee

· 01-06 15:33

Half of the users haven't even come in yet, and it's already this intense. Once fully open, it will be爆炸的.