Lookonchain
Papertrade generated $6.01 million in 24-hour revenue, moving far ahead of Hyperliquid to rank third in the reported revenue rankings. The platform also recorded $910 billion in daily trading volume and $28.4 billion in liquidation volume.
Why it matters
The figures put Papertrade among the leading revenue-generating venues tracked in the ranking, while showing how quickly its perpetuals activity has scaled. The gap over Hyperliquid is the clearest competitive signal in the update.
Market impact
Revenue, trading volume and liquidations are all unusually large in the same 24-hour snapshot. That combination makes Papertrade a platform to watch across DeFi derivatives, while the liquidation figure underscores the leverage and risk embedded in the activity.
Source: [Protocol Revenue Rankings - DeFi Fees Retained - DefiLlama](https://defillama.com/revenue)
Frequently asked questions
-
How much 24-hour revenue did Papertrade generate?
Papertrade generated $6.01 million in 24-hour revenue and ranked third in the reported revenue rankings.
-
How did Papertrade compare with Hyperliquid?
Papertrade's 24-hour revenue far surpassed Hyperliquid's, moving Papertrade into third place in the ranking.
-
What was Papertrade's daily trading volume?
Papertrade recorded $910 billion in daily trading volume.
-
How much liquidation volume did Papertrade record?
Papertrade recorded $28.4 billion in liquidation volume during the reported 24-hour period.
-
What do the figures show about Papertrade's market?
The figures show substantial perpetuals activity, with high revenue and trading volume alongside significant liquidation volume.
WatcherGuru
Crypto News
Crypto Rank News
TheBlock
CoinDesk
CryptoSlate