To put it bluntly, my current feeling about @ Backpack is: At the beginning, it was like trying out new platforms and earning points, Using and discovering, it seems like there's really something. Let's talk about the experience first: When I first used it, I had a feeling: You don't need to read the tutorial, just click twice and it will be done. The interface is clean and tidy, and the buttons are neatly arranged, Transferring funds, viewing assets, and placing orders can all be done with muscle memory, It's not like stacking a bunch of functions together and getting annoyed just by looking at them. The most obvious changes during this period are two words: smooth. In recent months, liquidity has visibly improved and spreads have become much smaller. In the past, when placing an order, we would still choose the time, but now it's mostly done by clicking on it casually, The depth of the opening and the sliding point are quite impressive, Whether it's spot goods or contracts, it won't give you the feeling of "feeling cold when you place an order". Let's talk about the points that everyone keeps complaining about There are also many sounds of @ Backpack spraying outside, and the most common one is: The progress is too slow, haven't we come up with any big moves in so long But my own feelings are actually: It's not that it doesn't do anything, but rather that what it does is in the direction of 'the ultimate set is very ambitious'. The difference between other platforms and Backpack Let me give you an example that you definitely understand in seconds: There are two ways to play a coin on many exchanges: Buy a spot, open a contract, and it's almost over. At most, I'll give you two promotions. What Backpack wants to do is another set of logic: The same asset can be dismantled and utilized to the extreme in the system: Can be used for borrowing Can be used as spot margin Can be used as contract margin Then string it together with PERP DEX and various modules to play Using the example of mon, although monad himself is a bit confused now, do you understand the meaning In other places, holding mon only means' having this coin to trade '; In the Backpack route, the same asset is a role that can be plugged in and used everywhere. Why do people always think it's slow? Because this kind of thing cannot be blown out with just one or two "new coins being launched" or "new features being launched". It is the kind of: Wallet first as a foundation Establish an account system The liquidity is gradually increasing, and the differential pressure is reduced Margin system, lending perp、 Connect the ecology one by one Each step in the middle is not satisfying enough to dismantle, But once fully integrated, it will become: only the Backpack set has grown into this shape. The question outside is: 'Why hasn't there been any big action yet?'. My true feeling is: Every once in a while, when you come back and take a look, you will find: The liquidity has improved a bit The spread is a little tighter There are a little more things that can be done with assets There are also drawbacks If you want to talk about shortcomings, there are also: For those who only look at 'what new coins were added today', It doesn't seem fancy enough; For those who just want to find a place to gamble, This slow pace is also quite boring. But now I am no longer the "people who stand outside roast". It's more like sitting in the car and watching it slowly with its forward stacking function, I am very clear in my heart. When these modules are all assembled one day, look back, You will find many things that only BP has, Actually, it has been quietly done a long time ago. Just the longer you use it, the more you can feel: It's not rushing to make progress, but holding back a whole set of things. If this direction becomes successful, those who criticize it for being slow will most likely end up pretending they haven't cursed before