According to CoinGecko data on March 11th, BackPack, a cryptocurrency trading platform, had a trading volume of 845 million US dollars in the past 24 hours. The SOL/USDC spot trading pair on the platform had a trading volume of 697 million US dollars in the past 24 hours, second only to Binance (the USDT+FDUSD spot trading pair had a trading volume of approximately 1.196 billion US dollars). As previously BackPack announced on February 28th that it had completed a strategic Series A financing round with a valuation of 120 million US dollars and a funding amount of 17 million US dollars. Placeholder led this round of financing, with participation from Hashed, Amber Group, Wintermute, Jump Crypto, and individual investors including the founder of Solana. Its first "pre-season trading competition" snapshot will be completed on March 18th.