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. Papertrade’s $11 Billion Open Interest […]
Key Takeaways
- 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.
- Papertrade’s $11 Billion Open Interest […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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