Big fan and investor of crypto and blockchain. My tweets are my personal opinions and not financial advice.
Gotham
Joined October 2017
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Update on Papertrade’s revenue.
From $25M on day one, it’s now down to $199,920 today.
The initial hype drove massive volume, but the revenue has dropped significantly since launch.
It looks like it wasn’t sustainable.
Papertrade has to step up their game here.
There’s a lot of noise around Papertrade recently.
A lot of speculations going around too.
Some call it a Ponzi, others think it’s the next big thing.
However, the data tells us differently.
3 days in, it’s generating $3.89 million in daily revenue, ranking #3 across all of DeFi, surpassing Hyperliquid.
What do you guys think?
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Here’s a brutal reality check for retail traders.
The data from $HYPE shows that across 400K retail traders, cumulative losses hit $280 million.
What’s even more interesting, more money was lost to app fees than to actual trading losses.
The retention numbers tell the full story. By month 1, only 39% of new traders are still active. By month 6, just 9%.
Most retail comes in, pays the fees, gets wiped, and leaves.
This is a reminder that trading carries real risk, and the reality is not many people actually profit from it.
bStocks are one of the more underrated things in crypto right now.
You get tokenized exposure to names like $NVDA or $MSTR, you can trade them 24/7, and you can use them as perp collateral without selling. A normal stock position just sits there until the market opens. Here it actually works for you.
$ASTER and @BNBCHAIN are now paying people to use both sides of that. Up to $70,000 across spot trading and bStocks collateral.
Details in the quoted post.
Trade bStocks 24/7 on Aster, or use your holdings as perp collateral without selling.
Now we're teaming up with @BNBCHAIN to reward you for both, with up to $70,000 in prizes.
Before you start, make sure to register for the campaign and turn off Account Privacy. Only eligible Spot volume after registration counts.
👉 Register here: asterdex.com/en/campaigns/tr…
🏆 Up to $50,000 in $NVDAB for Spot Trading
Trade $SPCXB, $SKHYB, $MSTRB, $CRCLB, or $NVDAB on Aster Spot to earn rewards based on your share of the total eligible trading volume.
The prize pool grows as total trading volume increases:
- Up to $50M: $10,000
- $50M–$100M: $30,000
- Over $100M: $50,000
Only trades made directly on Aster Spot count. Trading through Aster Code or other brokers is not eligible.
💰 $20,000 in $ASTER for bStocks Collateral
Holding bStocks? You can also earn rewards by using them as collateral for perp trading.
To qualify, enable Multi-Assets Mode and meet two requirements during the campaign:
- Maintain at least $500 in eligible bStocks as collateral in your Perpetuals account.
- Reach $5,000 in perp trading volume.
Your reward depends on your collateral balance and how long you hold it, capped at $50 in $ASTER per user.
📅 Oct 20, 10:00 – Oct 31, 23:59 UTC
Market makers are excluded. Sub-account trading volume will be combined under the main account. Registered users' wallet addresses and trading volumes will be publicly visible.
Full rules: medium.com/@AsterDEX/the-bst…
Here's some more context.
In 2017, JP Morgan's CEO called $BTC a fraud.
Now they’re putting it in their 2027 Long-Term Capital Market Assumptions report.
They are projecting a 10% compound annual return for Bitcoin, the highest of any asset class on the list.
Higher than US equities (7.5–7.7%), higher than gold (5.5%), higher than bonds (5.6–6.6%)
Institutions are changing their view on Bitcoin. Still think it’s too early to take it seriously?
