Papertrade's notional trading volume exceeds $80 billion, with users incurring cumulative losses of $4.73 million to farm PAPER tokens.

October 10, according to official website information, one hour after Papertrade launched, the platform's cumulative notional trading volume exceeded $80 billion.

analysis suggests that the hot trading right after the project's launch may be related to its project mechanism. According to official documents, the issuance model of PaperTrade token PAPER is: for every dollar a platform user loses, the protocol mints a certain amount of PAPER according to a curve. When the LP balance is below $2 million, the minting ratio is fixed at 100 PAPER for every 1 USD lost; currently, because the LP scale exceeds $2 million, PAPER token emissions have entered a decay mode.

Perhaps affected by the above "trade losses for tokens" mechanism, data shows that users' cumulative trading losses on the platform have reached $4.73 million.