September… or SOLtember, as Armani likes to call it was nothing short of crazy in the crypto world. Solana pumped from $194 to $255 and many other cryptocurrencies followed the trend. Backpack traders seized the opportunity, with plenty of impressive P&L screenshots on X
It was also a packed month for IRL events. Mad Lads and Backpack enthusiasts showed up big, especially in Korea with over three gatherings, while Europe saw its share too like the Ship or Sink event in Poland
In short: the Mad Lads community continues to prove its strength, repping hard at events worldwide and dominating X with top-tier content
MAD LADS around the globe
Mad Lads isn’t just a NFT project, it’s a movement. Holders proudly show up, rep the culture and carry the madness everywhere they go
CloneGirl at DoubleZero x Backpack event
https://x.com/CloneGirls/status/1959587563209191875
https://x.com/Backpack/status/1967196642458935562
Slice in Asia
https://x.com/crypto_slice/status/1958832406670024996
Lads on top of Mt Fuji
https://x.com/MonkDoesnt/status/1957385774292464033
Mad Lads Seoul meetup
https://x.com/MadLads/status/1965698297894752763
Ship or Sink by Superteam Poland
https://x.com/SuperteamPOL/status/1965366553622577191
Mad Lads x Solana Oriental
Mad Lads is one of the Platinium Sponsor of Solana Oriental 2025
Solana Oriental 2025, co-hosted by Fragmetric and the Solana Foundation, is a half-day event at the Mondrian Hotel in Seoul. It brings together top teams, projects, and builders shaping the next phase of the Solana ecosystem
Join the event: https://luma.com/76266qm6
Backpack News
EU Launch
Backpack just pulled the trigger and is now officially launched in Europe! This milestone also marked the official kickoff of Season 3!
The numbers speak for themselves, with Season 3 starting at full speed and setting new all-time highs:
$1.5B 24h perps volume
$870M open margin
$579M lent assets
$570M open interest
$400M assets under custody
Are you MAD enough?
Friendly reminder: if you’re new, a full setup tutorial is available here: madlads-hub.xyz/backpack
New listings
Backpack has been on fire this month with a wave of new listings and of course, each one came packed with achievements for traders to chase:
SEI (Sei)
APT (Aptos)
WLFI (World Liberty Finance)
PYTH (Pyth Network)
WLD (Worldcoin)
SHIB (Shiba Inu)
SWTCH (Switchboard)
LINEA (Linea)
XRP (Ripple)
ASTER (Aster)
AVNT (Avantis)
FLOCK (Flock)
XPL (Plasma)
Who said trading can’t feel like a game?
It wouldn’t be Backpack if these listings didn’t come with rewards and incentives, right?
Want even more rewards? Check out Cash Climb, where your trading volume can earn you up to $32000 in cash
Check your Seeker
You ordered. You waited. And now, it’s finally time!
Download Backpack on your Seeker phone and discover some surprises
Proof of reserve is public
Backpack just teamed up with OtterSec to roll out PoRv2, a zero-knowledge system for fast and transparent solvency checks. Sounds like gibberish? Here’s the simple version: Backpack literally can’t fake their proof of reserves and to top it off, they publish it every day :
https://backpack.exchange/reserves
If you’re into the technical side of things, OtterSec’s deep dive is a real gem: https://x.com/osec_io/status/1961534339780595804
BPUSD ?!?
What looked like speculation, trolling, or secret alpha on X quickly got clarified by Armani himself
This is going to be our bank deposit token representing cash deposits in our bank accounts. Required by law in some new regions we’re opening. The USD basket token already acts as our own exchange specific stablecoin. Though we are obviously not trying to compete with anyone at an ecosystem level.
https://x.com/Crypt0xb0/status/1966912622600831337
In summary, the BPUSD represent cash deposits in Backpack’s bank accounts. This move is legally required in some of the new regions Backpack is expanding into. The USD basket token already functions as Backpack’s own exchange-specific stablecoin
Mad Nikki
Nikki, one of our well-known Lassies, recently biked over 250km across 3 countries and today we’re talking about her trip, her motivations and the memories she brought back
For those who don't know her yet, Nikki's Web3 journey began in 2021, when Elon Musk was promoting Dogecoin and Axie Infinity exploded in the Philippines. She then fell deeper into the rabbit hole when she got into the NFT ecosystem and became part of different communities. Eventually, she worked for a VC and venture builder company as an associate. Right now, she's exploring and figuring out what to do next while staying at Network School in Malaysia
Her Mad Lads story? She was there from mint day, hitting multiple spots. Some Lads got flipped, some sold, some held and of course, some bought back again. A true Mad Lassie
So why the biking trip? Originally, it was supposed to be with friends, but plans changed last minute. Instead of giving up, Nikki thought, “FOCK IT, let’s rent a bike and just do it”. That impulse carried her from Malaysia to Indonesia, then to Singapore and back to Malaysia
She got lost more than once thanks to outdated maps and one night she even had to hold her phone as a flashlight after dark to keep going. For Nikki, that’s exactly the point: roll with it, fock it and keep moving forward
Looking back, she sees the whole experience as perfectly aligned with Mad Lads philosophy, the “FOCK IT” way. If you believe in something, if you can picture yourself doing it, then go for it. Nothing’s impossible
Mad Cookies
NorthKing decided traditional cookies were boring… so he came up with MAD COOKIES
https://x.com/NorthKing91/status/1953826297509032353
Are you also a baker? Share your MAD recipes on X and spread the madness!
FLOJO x Mad Lads
FLOJO is a Web3 brand creating healthy drinks designed to reduce stress and boost mental clarity. Each can is packed with Yerba Mate, Reishi, Lion’s Mane, Echinacea and fruit juice
https://x.com/DrinkFlojo/status/1970476760786706930
Mad Lads community feedback
Mad Monkey is collecting community feedback on several key topics such as community management and role of Mad Lads in Backpack ecosystem
This is your chance to make your voice heard and help shape the future of the project Don’t miss it, fill out the form here: dyno.gg/form/bf7c1090
PODCAST CORNER 🎙️
Armani x The New Money Podcast
Armani x Jacquelyn Melinek
https://x.com/jacqmelinek/status/1967949593108419061
CoinDesk “Backpack EU Launches with Daily Proof of Reserve”
Joe Takayama - Backpack Exchange Master Tutorial
https://x.com/TakayamaJoe/status/1965003429744447655
Thanks for taking the time to read this post, we really appreciate it!
If you enjoyed it or found it helpful, feel free to leave a comment and share it with your friends!
Nice update! WAO