Papertrade, launched 6 days ago, has risen to rank second in overall network revenue, with PAPER stakers receiving over 98% of the distribution.

According to DefiLlama data, Papertrade has generated a cumulative revenue of $42.24 million in its first six days since launch, currently ranking second in global protocol daily revenue rankings—surpassing Circle and trailing only Tether. Separately, Papertrade’s official website shows the protocol has distributed a total of $41.58 million to PAPER stakers, meaning 98.46% of its revenue is allocated to token holders who stake their tokens.

It should be noted that the above protocol revenue is

@tonmelonfest