papertrade's Top Three Addresses Each Exceed $10 Billion in Volume

The top three addresses on papertrade each surpassed $10 billion in trading volume in fewer than six days after loss mining began Oct. 10. Together, they recorded $2.69 million in trading losses and received PAPER tokens.

Address 0x75e led with $11.6 billion in volume and $780,000 in losses, earning 46 million PAPER. Address 0x6f2 followed with $10.3 billion in volume and $930,000 in losses, earning 85 million PAPER. Address 0x35b had $10.1 billion in volume and $980,000 in losses, earning 252 million PAPER.

The listed acquisition cost per PAPER was $0.017 for 0x75e, $0.011 for 0x6f2 and $0.0039 for 0x35b. Those figures exclude PAPER dividend income, which would reduce the effective costs.

papertrade’s loss-funded reward model links token issuance to traders’ losses. The volume figures measure trading activity, while the losses and token rewards show how the program played out for these three addresses.