Papertrade Perp DEX Surges Past $118M in 24 Hours With Jaw‑Dropping 1,000x Leverage
Papertrade Perp DEX, a Hyperliquid-based crypto trading platform, pulled in over US$118 million in deposits within a single 24-hour window, offering traders up to 1,000x leverage.
The weekend surge ignited intense discussion across crypto circles, positioning the app as a high-risk, high-reward beacon that could reshape leveraged trading dynamics, draw regulatory scrutiny, and accelerate DeFi innovation around extreme leverage products.
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