According to Huoxing Finance, on October 18, data from DefiLlama showed that Papertrade’s revenue dropped to $8.9 million on October 17, ranking it 7th among all protocols—a 83%环比下降. Previously, it had surpassed Circle to rank second globally. According to Papertrade’s official data, measured by UTC calendar day, the platform’s trading volume on October 17 was approximately $54.23 billion, down 43% from $96.52 billion on October 16 and down 90% from the peak of $564.23 billion on October 10. Transaction volume and new account growth also declined in tandem. On October 17, the number of transactions was 135,227, a 40% decrease from 226,541 the previous day; new accounts totaled 622, down 53% from 1,322 the prior day.
Papertrade daily revenue drops 83% to $8.9M, trading volume falls 43%
MarsBitShare
Summary
Papertrade’s trading volume declined to $54.23 billion on October 17, a 43% drop from the previous day. On-chain data shows daily revenue fell to $8.9 million, an 83% decline, ranking it seventh among protocols. The platform recorded 135,227 transactions, a 40% decrease, while new accounts dropped 53% to 622. These figures represent a sharp reversal from its October 10 peak of $564.23 billion in trading volume.
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