Cardboardtrade on Solana reaches $10 billion in daily trading volume, with liquidations exceeding $564 million.

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On-chain data shows Cardboardtrade on Solana has reached $10 billion in daily trading volume, with total volume hitting $44 billion. The protocol update introduces 1,000x leverage for BTC, ETH, and SOL. Liquidations have exceeded $564 million, and open interest stands at $38 million.

Odaily Planet Daily reports that SolanaFloor posted on X that Cardboardtrade, a perpetual contracts protocol considered the Solana version of Papertrade, currently has a daily trading volume of approximately $1 billion.

The platform offers up to 1000x leverage trading for BTC, ETH, and SOL, with total liquidations exceeding $564 million and open interest (OI) reaching $38 million. Data screenshots from SolanaFloor show that the protocol's cumulative trading volume is approximately $4.4 billion.

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