Papertrade daily revenue collapses over 99% from launch-week peak
- —October revenue totals $61.96 million, with $57.89 million distributed to PAPER stakers
- —TVL fell from $102 million on Oct. 11 to $40.29 million by Oct. 22
- —Bitcoin open interest dropped 40% to $230 million; Ethereum OI fell 55% to $66.3 million
- —Liquidated collateral over the past 30 days totals $69.71 million
Why it matters: The case shows how fast loss-to-earn volumes evaporate once a token stays locked and the farming incentive fades.
Source: The Crypto Times