The popularity of the exchange propelled Mad Lads to the third most-traded NFTs of the day.
The Solana-based crypto exchange reached the $300 million mark in less than 24 hours after the beginning of its pre-season beta launch, according to a Feb. 15 X post by Backpack. The exchange was launched by the creators of Solana’s Mad Lads executable nonfungible token (NFT) collection.
Backpack registered 6,000 unique deposit transactions within 24 hours of the pre-season launch, according to a Feb. 13 X post by Armani Ferrante, the founder and chief executive officer of Backpack.
The newly-launched exchange boasts impressive trading metrics, including one-millisecond order placement and sub-one millisecond order cancelation, according to Ferrante.
