PaperTrade: 21 of Top 25 Losers Remain Unprofitable
Lookonchain data shows that on PaperTrade, 21 of the top 25 biggest losers stay in the red after USDC rewards despite generating $111.5B in volume and claiming 2.06B PAPER tokens worth 23.4% of supply.
SourceAnalysis
Most traders on PaperTrade are losing money. Of the top 25 biggest losers, 21 remain in the red after USDC rewards, while only 4 turn profitable overall. Together they generated $111.5B in trading volume and earned 2.06B $PAPER (23.4% of supply). They also claimed $11.61M in USDC rewards (20.6% of total rewards).
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