Papertrade traders have posted $32.4 million in losses just two days after the platform went live, according to The Defiant. In the latest shared full-day dataset, the venue — described as being funded by trader losses — generated more revenue than Pump.fun and Hyperliquid. The platform’s house pool held about $4.27 million at the time referenced in the report. The Defiant also noted that its article archive is stored on Filecoin. The report was published on Oct. 12, 2026. No additional details were provided in the available source summary beyond the loss figure, revenue comparison, and house pool balance.
Papertrade traders have lost $32.4 million two days after the venue launched, according to The Defiant.
Using the latest shared full-day data, the loss-funded platform booked more revenue than Pump.fun and Hyperliquid.
Its house pool held about $4.27 million, the report said.
The Defiant also stated that its articles are stored on Filecoin.
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