# Papertrade's Seven-Day Revenue Falls to $8.5 Million in Latest Ranking By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/40418 Published: 2026-10-25T05:32:21.000Z Updated: 2026-10-25T05:32:21.000Z Section: Investing > The protocol ranked fifth, down from $13.38 million in an Oct. 23 seven-day tally. Its revenue measure includes trading, liquidation and liquidity-pool amounts. Papertrade generated $8.5 million in protocol revenue over the seven days through Oct. 25, placing fifth in the ranking behind Tether, Circle, Pump.fun and Hyperliquid. The latest tally is below the $13.38 million in a [previous seven-day ranking](). Both figures cover seven-day periods, with the earlier ranking published Oct. 23. Daily revenue reached $7.49 million on a day in mid-October, then stood at $890,000 on Oct. 17. Trading volume was 90% below its Oct. 10 high. Leverage of up to 114x accompanied the earlier revenue surge. Papertrade's revenue measure counts 2% of closed PnL and 2% of liquidation margin. It also includes balances above a $5 million liquidity-provider cap that are transferred to PAPER stakers. ## Links in this article - [previous seven-day ranking](https://www.tokenpost.com/news/investing/39690)