Machi's $1.41B Papertrade volume ends in $74.7K net loss
- —Machi's nominal trading volume on Papertrade reached $1.41 billion
- —Trading losses totaled $416,000, offset by $341,000 in USDC rewards
- —Staking yielded 57.6 million PAPER tokens
- —Net loss after rewards came to roughly $74,700
Why it matters: The case shows that massive nominal volume on leveraged platforms does not equal profit and can mask real losses.
Source: TokenPost