Papertrade Reportedly Logs $3 Billion in Positions in First Hour
Papertrade reportedly drew $3 billion in positions in its first hour, while DefiLlama recorded $137.1 million in combined trader balances and house liquidity.
Papertrade reportedly attracted $3 billion in positions during its first hour, according to The Defiant.
Separately, DefiLlama tracked a combined $137.1 million in trader balances and house liquidity. That figure measures a different category from the reported value of positions.
The Defiant noted that the combined funds are not entirely available to cover winning trades. The $137.1 million total therefore should not be treated as a dedicated payout reserve.
Source: The Defiant
