Wu Blockchain reports that the fully on-chain perpetual contract exchange papertrade xyz, built on Hyperliquid, tweeted that its trading volume in the first 6 hours surpassed the stock market. Within a day, the liquidity pool reached $5 million, and $25 million was paid out to stakers. The platform stated that small nominal values cannot receive the same priority as large ones; otherwise, the front end would face spam congestion. Attempts to manipulate the best bid and ask prices for Bitcoin and Ethereum on Hyperliquid overnight were only possible due to the extremely loose open position limits during the congestion period after launch. Once the congestion eased, the platform began tightening limits both on-chain and at the relay layer. One user who profited overnight attempted further manipulation but ended up donating nearly all their profits back to the platform through a new account, which has not yet factored in the manipulation costs on the Hyperliquid side. Some users chose to reverse manipulated trades to exchange them for the paper they mined. https://(wublock123.com)/news/papertrade-xyz-first-6-hours-volume-exceeds-stock-market-night-manipulation-response-69877