Papertrade Daily Revenue Drops to $178,000 as User Trading Activity Declines

Papertrade's daily revenue has fallen out of the top 20 blockchain protocols, currently standing at $178,000, ranking at 20th place. In just 12 days since its launch, Papertrade has generated a total revenue of $61.96 million, ranking 3rd in revenue over the past 7 days, previously surpassing Hyperliquid to reach the top three. Since the announcement on October 20 that the protocol's token PAPER would be non-transferable, various data points for the protocol have declined, with user trading activity decreasing and the current protocol's TVL remaining at approximately $40 million. Founder Jez stated that whether the token is transferable will not change users' choices to trade on PaperTrade.

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