Lookonchain said 21 of Papertrade’s top 25 large loss-makers remained unprofitable after USDC rewards, while four were profitable overall, according to BlockBeats.
Reported totals
The group generated about $111.5 billion in trading volume and earned 2.06 billion PAPER, which the report said represented 23.4% of supply. It also received about $11.61 million in USDC rewards, equal to 20.6% of total rewards.
How to read the figures
The figures are Lookonchain’s wallet statistics. Trading volume is not profit, PAPER units are not a dollar value, and the update does not establish that rewards caused any individual account to turn profitable.
Source: BlockBeats flash.