Loss Mining: Analysis of Three Players with Over $10 Billion Trading Volume on Hyperliquid

Since the launch of loss mining on Hyperliquid's Perp @papertrade_xyz on the 10th, in less than 6 days, the top three players with the highest trading volumes have each surpassed $10 billion. First place: $11.6 billion trading volume, $780K trading loss, earned 46 million PAPER through loss mining, cost per token $0.017. https://exchange.papertrade.xyz/portfolio?view=0x75ec3ba266176e733f1b1fdaa15052f5eff724b8 Second place: $10.3 billion trading volume, $930K trading loss, earned 85 million PAPER through loss mining, cost per token $0.011. https://exchange.papertrade.xyz/portfolio?view=0x6f25f4b0f1cdd724a873b368ea98af93e2f54acc Third place: $10.1 billion trading volume, $980K trading loss, earned 252 million PAPER through loss mining, cost per token $0.0039. https://exchange.papertrade.xyz/portfolio?view=0x35b29bdd690f95fe35c9645f21866b04616295a7 *The cost per token does not include dividends earned from the mined PAPER. If dividends are factored in, the cost would decrease further, with the third place potentially having a negative cost. -------------------------------------------------------------------------- Bitget: Join and you're VIP! Crypto, US stocks, CFDs—global opportunities all in one place.