The Spyderco Dragonfly
This has been my go-to backpacking knife and EDC for about 5 years. Mine has the VG10 steel blade. For my purposes, the Dragonfly 2 is the perfect balance between size, weight, and functionality. I think I paid about $60 for mine, which I consider quite reasonable. I also own a Delica, which is a great knife, but relatively bulky, and much more knife than I am ever likely to need.

