Papertrade's Cumulative Notional Trading Volume Exceeds $1 Trillion, Open Contract Positions Approximately $664 Million

The Papertrade platform has accumulated a notional trading volume exceeding $1 trillion, with a current TVL of $61.8 million and open contract positions amounting to approximately $664 million. The total margin amount corresponding to all existing positions is about $13.28 million. Papertrade is a synthetic perpetual trading platform based on HyperEVM, where users trade directly with the protocol's LP as counterparties, emphasizing high leverage, zero slippage, and no funding rates. The native token PAPER has an initial supply of zero, with no pre-mining, team, or VC shares; the only source of minting is user losses or liquidations. During the initial phase of the token launch, free transfers are not allowed, and it is primarily used for staking.

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