Papertrade Generates $13 Million in Weekly Revenue
The protocol secured the fifth spot in a recent weekly revenue ranking of ten major platforms.
Updated on Oct. 24, 2026 in Investing
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Papertrade generated $13.38 million in protocol revenue over a seven-day period. This performance places the platform fifth among ten protocols analyzed on October 23.
Why it matters
The protocol operates by offering synthetic perpetual contracts for Bitcoin and Ether on HyperEVM. Revenue is driven by a 2% fee on realized profit and loss at close, alongside a 2% fee on margin lost to liquidations.
Papertrade recorded $13.38 million in revenue over the last week, falling behind Hyperliquid and Pump which reported $15.10 million and $14.71 million respectively. The protocol utilizes a $5 million cap for liquidity pool profits.
The players
Papertrade
A protocol that offers synthetic perpetual contracts for Bitcoin and Ether on the HyperEVM platform.
Tether
A major stablecoin issuer that topped the recent revenue comparison with $122.87 million in weekly earnings.
Circle
A financial technology firm and stablecoin issuer that reported $48.98 million in revenue for the tracked period.
Hyperliquid
A decentralized trading platform whose price data is used by Papertrade to facilitate synthetic perpetual contracts.
The details
Papertrade functions as a synthetic perpetual contracts platform where traders rely on the midpoint of Hyperliquid's best bid and offer prices. The fee structure applies a 2% charge on both realized PnL at close and margin lost to liquidations.
Timeline
October 23, 2026, marked the date for the seven-day revenue comparison.
Market Dynamics
The shift in revenue standings highlights the intense competition within the decentralized finance sector. This movement underscores how platform fee models and liquidity pool caps influence relative success during volatile market cycles.
Users should note that the platform charges a 2% fee on realized profit and loss as well as margin lost to liquidations. Traders must factor these specific costs into their overall strategy when utilizing synthetic perpetual contracts.
The takeaway
Investors should carefully monitor platform fee structures as they directly impact net returns on synthetic contract trading. Understanding the underlying revenue models of these protocols helps traders assess the long-term viability of their chosen platforms.
Further reading
Learn more about market trends in our Investing section.
Source note: This article includes information reported by TokenPost.
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