Papertrade Perp DEX Pulls in $118M in 24 Hours With 1,000x Leverage

This weekend, a new cryptocurrency trading platform built on Hyperliquid, known as Papertrade.xyz, has become a lively topic of conversation across the crypto community. The application allows traders to leverage their positions by as much as 1,000 times their initial investment, an eye-popping proposition that has helped attract more than $100 million in deposits since its launch. At press time on Saturday, Oct. 10, 2026, statistics collected from paperdash.xyz and defillama.com indicate that there’s $118 million in total value locked (TVL) at 11 a.m. Eastern time.

Source: Bitcoin.com News