Defi
Papertrade’s Wild Weekend Ends With 93.7% Open Interest Wipeout
Bitcoin.com News·October 11, 2026·1 min read
Papertrade, a newly launched perpetuals DEX on Hyperliquid, saw its open interest collapse by 93.7% in 24 hours after a weekend of wild trading. The platform's total value locked also dropped by $48 million, following a peak of $11 billion in open interest.
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