Papertrade’s cumulative notional trading volume has surpassed $1 trillion, while open interest in its contracts stands at approximately $664 million.

According to official data, the synthetic perpetual protocol Papertrade built on HyperEVM has exceeded $1 trillion in cumulative notional trading volume, with its total value locked (TVL) standing at $61.8 million. Open interest (OI) is approximately $664 million, and the margin amount corresponding to all existing positions is around $13.28 million. Papertrade is a fully on-chain synthetic perpetual trading platform deployed on HyperEVM, which retrieves prices from the best bid/offer (BBO) mid-

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