Papertrade went live less than 10 minutes ago, with notional trading volume reaching $14.4 billion.

October 10 - According to official information, Papertrade's notional trading volume reached $14.4 billion in less than 10 minutes of going live. Bitcoin and Ethereum contract open interest stood at $3 billion and $2.66 billion, respectively.

According to the project's mechanism, one of PaperTrade's innovations lies in its PAPER token issuance model: for every dollar a platform user loses, the protocol mints a certain amount of PAPER along a curve. When the LP balance is below $2 million, the minting ratio is fixed at 100 PAPER per $1 lost; after the LP exceeds $2 million, the rate begins to decay—the larger the LP balance, the fewer PAPER are minted.