Hyperliquid Daily(@HYPERDailyTK):🚀 Papertrade Hits $80B in Nominal Volume in Just 1 Hour .@papertrade_xyz, an on-chain synthetic perpetual exchange on HyperEVM, saw a massive surge in activity, surpassing $80B in nominal trading volume within its first hour But there's a twist: • $4.73M in cumulative user losses • robinhood:0xaa3b129e4906009e228a060340601260de068ff5 tokens are minted based on user losses through a predefined curve • The initial emission rate was 100 PAPER per $1 lost when LP balance was below $2M • Emissions now decay as the LP grows beyond $2M Papertrade uses @HyperliquidX BBO mid-price, with users trading directly against the protocol's LP. It offers high leverage, zero slippage, and no funding fees. The activity is eye-catching, but $80B in nominal volume doesn't equal $80B in capital flowing through the platform. Can Papertrade sustain this momentum, and what happens to PAPER emissions as the LP grows?

2026.10.12 04:00

🚀 Papertrade Hits $80B in Nominal Volume in Just 1 Hour .@papertrade_xyz, an on-chain synthetic perpetual exchange on HyperEVM, saw a massive surge in activity, surpassing $80B in nominal trading volume within its first hour But there's a twist: • $4.73M in cumulative user losses • robinhood:0xaa3b129e4906009e228a060340601260de068ff5 tokens are minted based on user losses through a predefined curve • The initial emission rate was 100 PAPER per $1 lost when LP balance was below $2M • Emissions now decay as the LP grows beyond $2M Papertrade uses @HyperliquidX BBO mid-price, with users trading directly against the protocol's LP. It offers high leverage, zero slippage, and no funding fees. The activity is eye-catching, but $80B in nominal volume doesn't equal $80B in capital flowing through the platform. Can Papertrade sustain this momentum, and what happens to PAPER emissions as the LP grows?