In the past 24 hours, the trading volume of SOL on Backpack reached $563 million, soaring to first place globally. This surge in trading volume was influenced by a new incentive event on the Backpack platform, where user trading activities could potentially affect future IEO allocation quotas on the platform. Previously, Backpack had launched an airdrop event for staking; users who staked SOL and participated in transactions on the platform were eligible to receive corresponding amounts of PYTH token airdrops.