Papertrade Posts $14.4 Billion in Notional Volume Within 10 Minutes

Enna Lee

1 min read

Papertrade Posts $14.4 Billion in Notional Volume Within 10 Minutes

Bitcoin futures open interest reached $3 billion and Ether futures open interest reached $2.66 billion shortly after launch.

By Enna Lee

Published Oct 10, 2026, 10:13 AM EDT

Mentioned assets

BTCBitcoin
ETHEthereum

Metallic tokens arranged beside a transparent liquidity reservoir / TokenPost.ai

Papertrade recorded $14.4 billion in notional volume less than 10 minutes after launching, alongside billions of dollars in open interest tied to Bitcoin and Ether futures.

Bitcoin (BTC) futures open interest reached $3 billion, while Ether (ETH) futures open interest reached $2.66 billion during the initial burst of activity.

Papertrade’s mechanism mints PAPER when users lose money. When liquidity-provider balances are below $2 million, the protocol mints 100 PAPER for every $1 lost. The minting rate declines as liquidity-provider balances rise above $2 million.

The figures were recorded at about 10:11 a.m. ET (14:11 UTC) on Oct. 10, less than 10 minutes after launch.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.