[Cumulative Notional Trading Volume Exceeds $584 Billion Since papertrade Launch, Total Staker Rewards Approx. $24.02 Million] According to Foresight News, data from the official papertrade website shows that since its launch at 22:00 Beijing time on October 10, the platform's cumulative notional trading volume has exceeded $584 billion. The notional value of open contracts is approximately $2.313 billion, with corresponding margin of about $16.398 million. The total supply of PAPER tokens is approximately 5.162 billion, of which about 5.106 billion have been staked, representing a staking ratio of approximately 98.92%. Cumulative staker rewards are approximately $24.021 million, distributed in USDC. Additionally, the platform's liquidity pool has an on-book balance of approximately $4.1534 million, with net funds (after accounting for unrealized profit and loss on open positions) at approximately $3.8757 million. The current queued payout amount is zero. papertrade is a perpetual contract trading platform built on HyperEVM, offering up to 1000x leverage and acting as a counterparty through a public liquidity pool. Under its mechanism design, traders' realized losses are added to the liquidity pool, and they receive PAPER tokens according to the rules. Staking PAPER allows participation in platform reward distribution. Profitable traders are paid their profits from the liquidity pool, and if the pool lacks sufficient funds, they must queue for payout.