Papertrade’s Wild Weekend Ends With 93.7% Open Interest Wipeout

After a whirlwind of trading activity on Papertrade, the newly launched perpetuals decentralized exchange (DEX) built on Hyperliquid, the platform’s open interest has collapsed by 93.7% over the past 24 hours. The project’s total value locked (TVL) has also taken a substantial hit, shedding $48 million over the same period. On Saturday, Bitcoin.com News examined the newly introduced perpetuals DEX, Papertrade.xyz, offering readers a closer look at the exchange’s underlying mechanics and trading structure.

Source: Bitcoin.com News