According to PaperDash data, the synthetic perpetual contract protocol Papertrade, built on HyperEVM, has achieved a cumulative nominal trading volume of over $770 billion since its launch on October 10. The platform's TVL is currently around $62.6 million, with open interest at approximately $510 million, marking an 85% drop from $3.3 billion 24 hours ago. The current position margin is about $6.4 million, down 68% from $20.29 million 24 hours prior. It’s worth noting that Papertrade supports up to 1,000x leverage, and the reported trading volume reflects the leveraged nominal trading amount, not the actual capital invested. https://(wublock123.com)/news/papertrade-cumulative-volume-77billion-usd-open-interest-510-million-usd-69890