Papertrade Tops Pump.fun and Hyperliquid Combined With $37M in First-Week Revenue
- —Papertrade revenue hit $37.03M in four days vs $16.06M for Pump.fun and $14.56M for Hyperliquid
- —On a 24-hour basis it ranked third among 2,600 DefiLlama protocols, behind only Tether and Circle
- —One wallet profited $1.28M by moving ETH price on Hyperliquid while holding 1000x longs on Papertrade
- —Losers receive PAPER tokens at 100 per $1 lost; the tokens cannot yet be sold or transferred
Why it matters: Papertrade's model relies on a steady flow of new losses; if losses slow, winners wait longer for payouts and PAPER stakers earn less.
Source: Cryptopolitan