NEW: @HyperliquidX-based @papertrade_xyz PERP DEX OPEN INTEREST SURPASSES $10 BILLION ON JUST $45M OPEN MARGIN WITHIN IT | Hanami
NEW: @HyperliquidX-based @papertrade_xyz PERP DEX OPEN INTEREST SURPASSES $10 BILLION ON JUST $45M OPEN MARGIN WITHIN ITS FIRST HOUR IN A SHOCKING DISPLAY OF RISK APPETITE ON THE 10/10 ANNIVERSARY
Papertrade is a Hyperliquid-based synthetic perp DEX offering up to 1,000x leverage with no fees, slippage, or funding. Traders open positions against a protocol pool priced off Hyperliquid’s mid-price, so thin margin can support massive notional exposure. At 1,000x, even tiny price moves can wipe out positions almost instantly