Papertrade’s UTC-day activity contracted on Oct. 17 across volume, trading and new accounts, while its revenue measure fell to $890,000, marking a broad one-day slowdown.
Volume came to $54.23 billion, versus $96.52 billion on Oct. 16; the displayed totals imply a 44% decline. The Oct. 17 figure was about 90% below the platform’s $564.23 billion peak on Oct. 10.
Trade count reached 135,227, down from 226,541 the prior day, a 40% decline. Papertrade added 622 accounts, compared with 1,322 on Oct. 16. Both comparisons use UTC calendar-day totals.
EconoTimes’ earlier report on Papertrade’s Oct. 15 ranking, trader losses and revenue calculation put it in second place, ahead of Circle, as cumulative trader net losses reached $49.5 million. It ranked seventh on Oct. 17. The report also said its revenue tally includes liquidity-pool balances above $5 million held for stakers, in addition to trading charges.
