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Record // CONSUMER PLAYABLE TEARDOWN

BEARPROOF BASTION

2023 · CONSUMER · SOURCED

BEARPROOF BASTION landmark artwork

When the bear market was coldest, some people kept shipping. Mad Lads and Backpack are the proof.

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What happened

On April 21, 2023, the team behind the Backpack wallet minted Mad Lads, a 10,000-piece NFT collection claimable only through Backpack. Mad Lads was the first high-profile xNFT — an 'executable' NFT whose code runs inside the wallet itself. Demand was so extreme it caused a denial-of-service-like load that knocked out two Solana RPC nodes and the project's UI, forcing a one-day delay. It became a defining bear-market product moment for Backpack, which later grew into a wallet and exchange.

Why Solana remembers it

Mad Lads showed a polished product and a novel primitive could capture mainstream attention even in a deep bear market, and it stress-tested Solana's RPC infrastructure under genuine load.

On the map

A fortified keep that drew so many pilgrims at once its walls briefly buckled.

Evidence · sources last verified 2026-07