Investment
Features
FeesSafety
Academy
More
Pluang+

Papertrade launches Bitcoin perpetual futures with $3B open interest and $14.4B volume in minutes

Protocol Fundamentals
10 Oct 2026
Crypto Briefing
View Source
Bullish
Papertrade launches Bitcoin perpetual futures with $3B open interest and $14.4B volume in minutes

Papertrade, a new on-chain perpetual futures exchange built on HyperEVM, launched on October 10, 2026, quickly reaching $3 billion in Bitcoin futures open interest and $14.4 billion in notional trading volume within minutes. The platform offers up to 1,000x leverage and uses a unique model where the house liquidity pool starts at zero and grows from trader losses, with payouts funded by losing positions and a profit haircut on winners. This design avoids traditional order books and slippage but depends heavily on the reference market Hyperliquid for pricing. Traders should note the risks of delayed settlements and asymmetric profit-and-loss fees, especially during sharp market moves.

Papertrade's launch of an on-chain perpetual futures exchange coincides with today's cryptocurrency market data on Pluang. For readers following crypto markets, here is Pluang's snapshot as of Oct 10, 2026 21:02 WIB: 38 of 50 major cryptocurrencies rose, 10 fell. Notable movers include UNI at Rp136.015 (+3.93%, 81% Sell), THETA at Rp4.044 (+3.83%, 100% Buy), and FIL at Rp20.081 (+3.55%, 52% Sell).

More News

Vannor launches autonomous AI marketing agents boosting Google first-page rankings 30-fold.

Vannor launches autonomous AI marketing agents boosting Google first-page rankings 30-fold.

Vannor introduced an agentic marketing model featuring autonomous AI agents that independently manage marketing tasks from research to content publication and optimization. Running on Vannor-owned NVIDIA AI hardware, these agents increased the compan...

Market News
Bullish
4 hours ago
Class action filed over Compass-Anywhere merger alleging regulatory misconduct and seeking compensation for former Anywhere shareholders.

Class action filed over Compass-Anywhere merger alleging regulatory misconduct and seeking compensation for former Anywhere shareholders.

A class action lawsuit has been filed on behalf of former Anywhere Real Estate shareholders who received Compass, Inc. stock in the January 2026 merger. The lawsuit alleges that Compass and its executives misrepresented efforts to obtain regulatory a...

Market News
Bearish
4 hours ago
Shibarium's locked capital drops 68% in a day, but SHIB price rises 2.4%, showing no link to chain usage.

Shibarium's locked capital drops 68% in a day, but SHIB price rises 2.4%, showing no link to chain usage.

Shibarium, the blockchain behind Shiba Inu, saw its locked capital fall sharply from $157,958 to $50,639 in one day due to a single liquidity position withdrawal, not widespread user exit. Despite this 68% drop, SHIB's price increased by 2.4%, indica...

Protocol Fundamentals
Neutral
4 hours ago
Polkadot (DOT) jumps 10.93% after cutting token issuance and greenlighting dotUSD stablecoin

Polkadot (DOT) jumps 10.93% after cutting token issuance and greenlighting dotUSD stablecoin

Polkadot's (DOT) price surged 10.93% to $1.27 following a major reduction in its annual token issuance by 53.6%, lowering the supply growth and capping total supply at 2.1 billion DOT. Additionally, governance approval for dotUSD, an over-collaterali...

Protocol Fundamentals
Bullish
4 hours ago
Polkadot price jumps 10.93% to $1.27 on tokenomics changes and rising trader interest

Polkadot price jumps 10.93% to $1.27 on tokenomics changes and rising trader interest

Polkadot (DOT) surged 10.93% to $1.27 after rebounding from key support at $1.02, driven by a 54% cut in annual token issuance and the launch of a native stablecoin. These changes reduce selling pressure and could boost ecosystem activity, attracting...

Market News
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App