Backpack Wallet Review: A Multi-Chain Crypto Wallet Built for DeFi and Beyond

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Backpack is a self-custodial, cross-chain cryptocurrency wallet developed by CoralXYZ and founded by Solana developer Armani Ferrante in 2022. Originally associated with the Mad Lads NFT collection on Solana, the platform has since expanded into a full-featured ecosystem that includes a crypto exchange, margin and futures trading, lending services, and a regulated securities brokerage operating in over 150 countries. The wallet supports more than 15 blockchain networks — including Ethereum, Solana, Bitcoin, and several non-EVM chains — accessible through a single seed phrase across Android, iOS, and browser extension. As a non-custodial wallet, private keys and recovery phrases are generated and encrypted locally on the user's device, giving users full ownership of their assets. The broader Backpack ecosystem now comprises four core products: the Backpack Wallet, Backpack Exchange, Backpack Securities, and the Mad Lads NFT collection.

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