papertrade just crossed $1 trillion in cumulative notional volume.
The synthetic perpetuals platform built on HyperEVM has reached some serious numbers:
$1T+ cumulative notional trading volume
$61.8M TVL
$664M in open positions
$13.28M in margin
Papertrade uses Hyperliquid’s average BBO prices, with users trading directly against protocol LPs instead of a traditional order book.
$1T in volume, but your PnL still has trust issues.
Is on-chain perps trading becoming the next big DeFi battleground?
The synthetic perpetuals platform built on HyperEVM has reached some serious numbers:
$1T+ cumulative notional trading volume
$61.8M TVL
$664M in open positions
$13.28M in margin
Papertrade uses Hyperliquid’s average BBO prices, with users trading directly against protocol LPs instead of a traditional order book.
$1T in volume, but your PnL still has trust issues.
Is on-chain perps trading becoming the next big DeFi battleground?