Papertrade tops $573B notional volume with $3.32B open interest
- —Cumulative notional trading volume exceeded $573 billion
- —Open interest on contracts hit $3.32 billion
- —Total margin across open positions stands at $20.29 million
- —PAPER token has no pre-mine; supply comes only from user losses and liquidations
Why it matters: The huge volume against thin margin signals extreme leverage and elevated risk of cascading liquidations on the new protocol.
Source: ChainCatcher 链捕手