BackpackEnded
Backpack Points Program· Season 4 / Epilogue· 24.0% of supplyconfirmedConfirmed by the team or on-chain
Open interest
$113.02M
24h volume
$51.21M
TVL
$549.29M
Annual revenueVolume annualised at a 3.65bps blended take rate.
$6.82M
Points outstanding
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RunningStarted 2025-11-20, ended 2026-03-23
123d
Not tracked — enter an estimate
$
Multiples model: what comparable perp DEXs launched at, applied to this venue's revenue, volume, open interest and TVL. Range $194.15M–$807.56M.Regression on Revenue · ecosystem, n=10, refit daily on listing-day and live FDVs. Range $115.19M–$1.26B.
%
confirmedConfirmed by the team or on-chainProgramme estimate
Value per point
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Add total points to price a point.
Your holding
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Enter your points to see what they're worth.
Sensitivity · $/point
Not enough data to model
Needs points outstanding, an expected airdrop percentage and at least one valuation factor.
Rows are launch FDV (log-spaced around the FDV set in the calculator); columns are the share of supply going to the airdrop. Cells are the resulting value of one point, after any haircuts set under Advanced.
Fair-value breakdown
Annualised revenue$172.26M
$6.82M × 25.3×40%
Annualised volume$20.92M
$18.69B × 0.0×25%
Open interest$134.83M
$113.02M × 1.2×20%
TVL$2.27B
$549.29M × 4.1×15%
Blended fair value$441.33M
p25–p75 band$194.15M – $807.56M
Multiples fitted on 6+ comparable launches. Weights are normalised across whichever factors survive, so dropping one reweights the rest rather than scoring it zero.
OTC price history
No OTC quotes for this programmeQuotes parsed from Telegram OTC desks, deduplicated and outlier-filtered.
GET /api/points/otcDaily medians of anonymous desk quotes. Treat as sentiment, not a price — a desk that wants to move the printed mid only has to post into the channel.
Emissions & dilution
No emission historyWeekly points issued, so you can see how fast your share is being diluted.
GET /api/points/emissionsEvery point issued after you earn yours dilutes your share of the same pool. A programme emitting steadily is worth less per point tomorrow than today, all else equal.
What we know0 facts
Ended at the BP TGE on 2026-03-23. 25% of the 1B supply went to the community, split 24% to points holders and 1% to Mad Lads NFT holders — airdrop_pct_expected is 0.24 because the field asks about points holders specifically. No allocation to founders, team or investors at inception, which is genuinely unusual. The remaining 75% splits into two 37.5% tranches unlocking on operational milestones and post-IPO. Long-term stakers can convert BP into equity in Trek Labs / Blue Coral. The final Epilogue phase ran six weeks (extended from four) at ~10M points/week. Total programme points across all four seasons were never published. Fees are Tier 1 perpetual futures; tiers recalculate hourly and can be reached via BP staking as well as volume.
Statusended · Season 4 / Epilogue
Facts last verifiednot recorded
TGE expected—
Airdrop share of supply24.0% (team)confirmedConfirmed by the team or on-chain
Points outstanding—estimated
Conversion ratios are set by each team at distribution time and no programme is obliged to ship a token. Never trade solely to farm an airdrop.