[Papertrade Trading Activity Cools Down: Daily Revenue Drops 83% Month-on-Month, Trading Volume Down 43% Month-on-Month] BlockBeats News, October 18, according to DefiLlama data, Papertrade's revenue on October 17 fell to $890,000, ranking 7th among all protocols globally, with a month-on-month decrease of 83%. Previously, it had once surpassed Circle, ranking 2nd globally. Additionally, according to Papertrade's official data, based on UTC natural day statistics, the platform's trading volume on October 17 was approximately $54.23 billion, down 43% from $96.52 billion on October 16, and down 90% from the peak of $564.23 billion on October 10. The number of transactions and new accounts also declined simultaneously. On October 17, the number of transactions was 135,227, a 40% decrease from 226,541 on the previous day; new accounts totaled 622, a 53% decrease from 1,322 on the previous day. [Original Link]