The exchange begins operations with a house pool of zero, which may force winning traders to wait for losses from other participants to fund their payouts. To manage risk, the platform enforces individual atomic position limits of $10M, though users may hold an unlimited number of these positions. The launch aims to return a spirit of creative energy and experimentation to decentralized finance, according to user @jchervinsky.
Tuesday, October 20, 2026
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Only $10M Orders Process at PaperTrade's $125M Perp Launch
Crypto11 days ago
The HyperEVM network is experiencing heavy traffic as traders attempt to access a newly released perpetuals venue. PaperTrade opened trading at 14:00 UTC on Oct. 10, seeing pre-launch deposits reach $125M, but immediate congestion has restricted the order queue to only $10M notional trades. Users attempting to enter positions with more conservative leverage settings are currently unable to clear the transaction queue as network demand persists.
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