Papertrade Open Interest Falls 60% to $1.3B in 24 Hours
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6 Articles
Papertrade's Wild Weekend Ends With 93.7% Open Interest Wipeout
After a whirlwind of trading activity on Papertrade, the newly launched perpetuals decentralized exchange (DEX) built on Hyperliquid, the platform’s open interest has collapsed by 93.7% over the past 24 hours. The project’s total value locked (TVL) has also taken a substantial hit, shedding $48 million over the same period. Papertrade’s $11 Billion Open Interest […]
After Hyperliquid's price manipulation accusations fueling his exchange, Papertrade tightened trading limits. The announcement arrived on 11 October 2026. Key points The restrictions concern the new exposure, not closing bans confirmed on individual wallets. Synthetic trades on BTC and ETH arrive at a lever up to [...]
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Cryptocurrency News | Cryptocurrency Prices | Market CapPapertrade Open Interest Falls 60% to $1.3B in 24 Hours
Papertrade open interest fell to approximately $1. 3 billion within a 24-hour window, a contraction of roughly 60% that marks one of the sharpest single-day reductions in reported positioning for the platform.Read more...
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