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The material states that Papertrade, after launch, 9 days of trading volume 1360000000000 USD, with traders posting net losses 63200000，PAPER price doubled.
IOSG: Papertrade's daily revenue is second only to Tether; a casino that returns of its rake to losers
Papertrade, a synthetic perpetual protocol that returns of its rake to losing traders, recorded trading volume within days of launch 9 days of trading volume 1360000000000 USD, with traders posting net losses 63200000，PAPER, and the token price doubled.
Source: https://www.panewslab.com/zh/articles/01a15484-a8ba-7218-b236-5648d1a0e758
The headline states that Papertrade's daily revenue is second only to Tether's.
The material describes Papertrade as a synthetic perpetual protocol.
The material states that Papertrade returns of its rake to losers.
The material states that Papertrade, after launch, 9 days of trading volume 1360000000000 USD。
The material states that traders posted net losses 63200000。
The material states that the PAPER token price doubled.
The following is analysis, separate from reported facts. Verify important claims independently.
This content emphasizes that Papertrade achieved substantial trading volume in a short period, while describing traders' losses, the return of of rake, and PAPER the token's price increase together. The provided material contains only a summary and an article link, without showing the methodology behind these figures or the underlying data.
If these claims are accurate, Papertrade's trading scale, revenue performance, rebate mechanism, and PAPER price movements merit attention; however, this summary alone does not allow an assessment of data quality or whether the mechanism is sustainable.
Beginners should not make decisions solely because the “price doubled” or because of large trading-volume figures; they should first understand synthetic perpetual protocols, the rake-rebate mechanism, and the risks of trading losses.
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View glossary →Synonymous with trading volume, referring to the number of asset units traded within a given period; it may also be expressed by the traded asset or the quote currency.
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