@papertrade_xyz "flipped" @circle in 24h revenue. 82% of that revenue was trader losses ⬇️
- $7.12M last 24h vs Circle $7.06M
- only ~$1.25M is the 2% close/liquidation fee
- ~$5.87M = LP profit above the $5M cap, swept to PAPER stakers
Not unrealized marks. It's paid out. If you trade 1000x there, you are the revenue 🙄
via @DegenerateNews
Exchange contract: https://hyperevmscan.io/address/0x6cd5661646289fb6e65ea5c032310fded797d0a2
🐦 Discuss on X · 📡 @TxnXray
Post #44
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