IOSG: Papertrade’s daily revenue ranks second only to Tether — a casino that refunds 90% of its fees to losing players.

Launched just nine days ago, Papertrade has already achieved $1.36 trillion in trading volume, ranking second among all projects in daily revenue—just behind Tether. As a perpetual synthetic asset protocol that returns 90% of trading fees to losing traders, its users have collectively incurred a net loss of $63.2 million; meanwhile, the PAPER token price has doubled over the same period.