FINNENCE ▪ THE WIRE FILE
THE WIRE · № 78741
News■ Unclear/unknown
Papertrade (@papertrade_xyz)'s revenue has far surpassed Hyperliquid's, and it now ranks third with $6.01M in 24H revenue. Interestingly, papertrade's daily trading volume reached a staggering $910B, with $28.4B in liquidation volume.
KINDNews
DIRECTION■ Unclear/unknown
SOURCES1
ENTITIES1
STORY SIZESTANDALONE
FIRST SEEN
LAST UPDATE
STATEactive
01 THE MACHINE READ
WHY IT MATTERS.
Claimed paper-trading volumes and revenue are unverified and may reflect incentive farming rather than real demand.
Unverified trading metrics warrant skepticism
CATALYST TO WATCH
Independent verification of volumes
MAIN RISK
Misleading metrics driving poor decisions
FULL DISPATCH
Papertrade (@papertrade_xyz)'s revenue has far surpassed Hyperliquid's, and it now ranks third with $6.01M in 24H revenue. Interestingly, #papertrade's daily trading volume reached a staggering $910B, with $28.4B in liquidation volume. https://t.co/Sh9hAhyiPe https://t.co/K3lzVG4bH5
02 THE STORY SO FAR
THE RECORD, IN ORDER.
STANDALONE ITEM — NOT YET FOLDED INTO A DEVELOPING STORY.
03 WHO'S INVOLVED
ENTITIES ON FILE.
AFFECTEDCrypto
04 RECEIPTS
THE SOURCE RECORD.
1 SOURCES CONFIRMED05 PROPAGATION
WHAT THIS TOUCHES.
→CORRELATIONshares Crypto
Investor demand for trading outside of regular market hours is skyrocketing. In fact, the majority of trading volume in tokenized equities is now occurring OUTSIDE of regular market hours. BNB Chain has become the first blockchain with over 70% of its tokenized equity trading v2026-10-13 13:41 UTC
Investor demand for trading outside of regular market hours is skyrocketing. In fact, the majority of trading volume in tokenized equities is now occurring OUTSIDE of regular market hours. BNB Chain has become the first blockchain with over 70% of its tokenized equity trading v2026-10-13 13:41 UTC
→CORRELATIONshares Crypto
Trader 0x26b6 lost $637K on @papertrade_xyz. He lost $1.71M from trading and earned 136M $PAPER tokens. He earned $1.07M in USDC rewards through staking, with $943K already claimed and $130K still unclaimed. His net loss is $637K.2026-10-13 14:14 UTC
Trader 0x26b6 lost $637K on @papertrade_xyz. He lost $1.71M from trading and earned 136M $PAPER tokens. He earned $1.07M in USDC rewards through staking, with $943K already claimed and $130K still unclaimed. His net loss is $637K.2026-10-13 14:14 UTC
→CORRELATIONshares Crypto
🚨 🚨 🚨 🚨 30,021 $ETH (75,575,184 USD) transferred from Coinbase Institutional to unknown new wallet2026-10-13 16:33 UTC
🚨 🚨 🚨 🚨 30,021 $ETH (75,575,184 USD) transferred from Coinbase Institutional to unknown new wallet2026-10-13 16:33 UTC
→CORRELATIONshares Crypto
💵 💵 💵 💵 💵 100,000,000 $USDC (100,034,000 USD) minted at unknown wallet2026-10-13 16:35 UTC
💵 💵 💵 💵 💵 100,000,000 $USDC (100,034,000 USD) minted at unknown wallet2026-10-13 16:35 UTC
→CORRELATIONshares Crypto
💵 💵 💵 💵 💵 💵 💵 167,937,731 $USDC (168,106,508 USD) minted at USDC Treasury2026-10-13 16:51 UTC
💵 💵 💵 💵 💵 💵 💵 167,937,731 $USDC (168,106,508 USD) minted at USDC Treasury2026-10-13 16:51 UTC
→CORRELATIONshares Crypto
🔥 🔥 🔥 🔥 🔥 🔥 134,607,973 $USDC (134,659,124 USD) burned at USDC Treasury2026-10-13 17:43 UTC
🔥 🔥 🔥 🔥 🔥 🔥 134,607,973 $USDC (134,659,124 USD) burned at USDC Treasury2026-10-13 17:43 UTC
KEEP READING THE MACHINE
Summaries are generated and may contain errors — every claim links its sources.