Papertrade stated on October 11, 2026, that it began tightening open interest caps onchain and at the relayer level following launch-day manipulation attempts on BTC and ETH

Financial services rebuilt as onchain protocols, offering lending, trading, derivatives and yield without traditional intermediaries.

Papertrade launched on HyperEVM with up to 1,000x leverage on October 10, 2026, followed by reports of launch-day price manipulation. The team said it tightened open-interest caps as launch congestion eased.