CroSat
bitcoin newsOct 11, 2026AI summary

Papertrade Open Interest Drops 93.7% in 24 Hours

Papertrade, a newly launched perpetuals DEX built on Hyperliquid, saw open interest fall 93.7% and total value locked decline by $48 million in 24 hours.

Papertrade Open Interest Drops 93.7% in 24 Hours

Papertrade’s open interest fell 93.7% over a 24-hour period following a weekend of intense trading activity, according to Bitcoin.com News.

The newly launched decentralized exchange offers perpetuals trading and is built on Hyperliquid. Open interest measures the value of outstanding derivatives positions.

The platform also recorded a $48 million decline in total value locked during the same period. The supplied report did not identify what caused either drop.

Source: Bitcoin.com News

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