In paper trading, leverage across all positions reaches up to 114x, with daily trading volume approaching $600 billion.

According to monitoring by TradingBeats and DefiLlama data, Papertrade’s Total Value Locked (TVL) is approximately $96 million, up 64.26% in 24 hours, ranking fifth among HyperEVM applications. By sub-protocol statistics, it places sixth in the cross-chain derivatives category.

As of press time, Papertrade’s official data shows its nominal trading volume over the past 24 hours reached around $596.283 billion (including position opening, voluntary closing and liquidation). The protocol’s current

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