Papertrade earns over $37M in four days, topping Hyperliquid and Pump.fun combined

Papertrade, a new derivatives platform launched on Hyperliquid’s HyperEVM smart contract layer on October 10, generated over $37 million in revenue during its first four days. That exceeded the combined seven-day revenue of Hyperliquid’s own platform and Pump.fun.

The rapid growth of a third-party builder highlights the potential and increasing adoption of Hyperliquid ecosystem technology. It also validates Hyperliquid Strategies’ focus on ecosystem growth.

HYPE fell over 4% on October 14 amid broader weakness in crypto markets. Traders are reportedly awaiting a key US inflation report, which is expected to affect market sentiment.