Backpack's OI and TVL have both exceeded $200 million this week. Trading volume is also at a new high. Based on the current data, reaching $500 million in TVL and OI is not an issue. Achieving such figures essentially places it among mid-to-upper-tier platforms. FTX EU will compensate users by the end of the month. The total compensation amount for FTX is $5 billion. The European portion is hard to estimate, but assuming 10-20%, it would be around $500 million to $1 billion. If we assume 10% of the funds are retained for platform transactions, that would mean $50 million to $100 million in retained funds. Our points are essentially options, representing future equity (platform tokens) of the platform. This company is on an upward trajectory, with all data consistently hitting ATH, and it has recently integrated withdrawals with Upbit. It can only be said that their compliance efforts are truly impressive. It feels like BP is following a CB-style American compliance route. Continuing to earn points, here's a small showcase of one of the accounts. Keep building (LU).
Season 1, Week 8 • $4.6B total spot + perps volume • $1.0B in 24h perps volume -- new ATH • $230M open interest -- new ATH • $207M assets under custody -- new ATH • $148M lent assets -- new ATH Show us your points 👇
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