The popularity of paper trading has begun to wane, with open interest in contracts dropping to $1.3 billion, a roughly 60% decrease over 12 hours.

According to official website data, the synthetic perpetual protocol Papertrade built on HyperEVM has been live for 24 hours as of 22:00 Beijing time yesterday. The platform’s cumulative notional trading volume exceeds $678 billion, its current Total Value Locked (TVL) stands at $77.8 million, and open interest (OI) hits $1.3 billion — a sharp drop of around 60% from $3.3 billion 12 hours ago. The total margin for all existing positions is $14.34 million, down roughly 30% from $20.29 million 12

@tonmelonfest