Papertrade
Synthetic BTC and ETH perpetuals on HyperEVM, where traders trade against a protocol-owned liquidity pool using Hyperliquid's BBO mid price.
TVL history
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TVL by chain
Key facts
- Category
- Derivatives
- Chains
- 1
- Token
- PAPER
- Oracles
- —
- Audits
- None listed
- Listed
- Oct 2026
Similar Derivatives protocols
How this TVL is counted
USDC held in the Papertrade Exchange contract's HyperCore spot account: trader trading balances plus the protocol-owned LP that takes the other side of every position.
Frequently asked questions
What is Papertrade’s TVL?
Papertrade has $30.09M in total value locked, -25.16% over the last 7 days. TVL is the value of the crypto locked in its smart contracts.
Which chains is Papertrade on?
Papertrade runs on 1 chain; the most value sits on Hyperliquid L1 ($30.09M).
What kind of protocol is Papertrade?
Papertrade is listed under Derivatives, where it ranks #10 by TVL.
Data aggregated from public third-party market sources. For informational purposes only — not investment advice.