1,000x leverage has been put on Nasdaq’s table.
Papertrade, a synthetic perpetuals protocol on HyperEVM, announced that its daily notional trading volume has already surpassed Nasdaq’s. It has also contacted Nasdaq to discuss launching 1,000x leverage to keep driving volume higher. Nasdaq is the one being called out, but the actual product would still be on-chain.
Notional trading volume is the kind of number you can inflate with high leverage. At 1,000x, a 0.1% move against your position means total liquidation. This product taps into the appetite for gambling and attracts short-term, high-frequency capital. For the $HYPE ecosystem, it’s a gateway for traffic; for the market’s appetite for leverage, it adds fuel to the fire.
If they really offer 1,000x, how many times would you dare to open? 10x or 100x? Drop a number in the comments.
$HYPE $BTC
#HyperEVM #DeFi
Papertrade, a synthetic perpetuals protocol on HyperEVM, announced that its daily notional trading volume has already surpassed Nasdaq’s. It has also contacted Nasdaq to discuss launching 1,000x leverage to keep driving volume higher. Nasdaq is the one being called out, but the actual product would still be on-chain.
Notional trading volume is the kind of number you can inflate with high leverage. At 1,000x, a 0.1% move against your position means total liquidation. This product taps into the appetite for gambling and attracts short-term, high-frequency capital. For the $HYPE ecosystem, it’s a gateway for traffic; for the market’s appetite for leverage, it adds fuel to the fire.
If they really offer 1,000x, how many times would you dare to open? 10x or 100x? Drop a number in the comments.
$HYPE $BTC
#HyperEVM #DeFi