Papertrade Outpaces Pump and Hyperliquid Combined in Revenue in Its First Week

Papertrade is the latest onchain derivatives platform that’s making moves. It went live on HyperEVM, Hyperliquid’s smart contract layer, on October 10. Just four days later, its revenue has hit $37.03 million, according to DefiLlama . Pump.fun generated $16.06 million in seven day revenue while Hyperliquid made $14.56 million. Combine the two and Papertrade is already printing more than two of the biggest names in the space. On the 24 hour timeframe, Papertrade ranks third among the over 2600 protocols DefiLlama tracks, behind only Tether and Circle.

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