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PaperStrategy

Key Metrics

Fees 30d$1.87m
Fees 30d by chain

Hyperliquid L1$1.86m

Off Chain$4,740

Fees 7d$110,518

Hyperliquid L1$106,714

Off Chain$3,804

Fees 24h$30,802

Hyperliquid L1$30,390

Off Chain$412

Cumulative Fees$3.46m

Hyperliquid L1$3.46m

Off Chain$4,740

Revenue 30d$1.87m
Revenue 30d by chain

Hyperliquid L1$1.86m

Off Chain$4,740

Revenue 7d$110,518

Hyperliquid L1$106,714

Off Chain$3,804

Revenue 24h$30,802

Hyperliquid L1$30,390

Off Chain$412

Cumulative Revenue$3.46m

Hyperliquid L1$3.46m

Off Chain$4,740

Holders Revenue 30d$779,849
Holders Revenue 30d by chain

Hyperliquid L1$779,849

Holders Revenue 7d$62,740

Hyperliquid L1$62,740

Holders Revenue 24h$17,972

Hyperliquid L1$17,972

Cumulative Holders Revenue$899,426

Hyperliquid L1$899,426

Protocol Information

Independent project built on Papertrade. PSTR token with a 10% buy/sell tax that funds a treasury. The treasury runs optimized strategies (delta-neutral pairs, controlled losses) across many Papertrade accounts to acquire PAPER cheaply, stakes all of it, and uses the USDC yield to buy back and burn PSTR

WebsiteX/Twitter
Categories:Onchain Capital AllocatorInterface
Products:

Methodology

Fees:

PaperStrategy PSTR - The 10% tax traders pay on PSTR buys and sells, plus the USDC yield earned by the PAPER the treasury has staked on Papertrade, valued at the HYPE it is swapped to and counted when the buyback contract spends it. Tax paid by the buyback contract's own purchases is excluded, since it is paid out of that yield.View code on GitHubPaperStrategy Papertrade - Builder fees paperstrategy earns on Papertrade: a share of the PnL (0.5% since launch) of positions its users close, paid by winning traders on top of the 2% win fee and taken from the Papertrade LP's gain on losing ones. Liquidations pay none, and closes by paperstrategy's own address are excluded.View code on GitHub

Revenue:

PaperStrategy PSTR - All fees: the trade tax goes to the team and the treasury and the yield goes to the team and the buyback.View code on GitHubPaperStrategy Papertrade - All builder fees paperstrategy earns on Papertrade closes by its users, kept by paperstrategy.View code on GitHub

Holders Revenue:

PaperStrategy PSTR - The staking yield the buyback contract spends buying PSTR and burning it, net of the 10% tax it pays on those purchases.View code on GitHub

PaperStrategy history

Fees, revenue and holders revenue by UTC calendar month, Oct 2026 to Nov 2026

MonthFeesRevenueHolders revenue
Oct 2026$3.32m$3.32m$825,724
Nov 2026 (to date)$164,370$164,370$91,674

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/paperstrategy

Frequently asked questions

What chains does PaperStrategy operate on?

PaperStrategy operates on 2 chains: Hyperliquid L1 and Off Chain.

How much has PaperStrategy generated in fees and revenue?

Over the past 30 days, PaperStrategy generated $1.87m in fees. Of that, $1.87m was protocol revenue. Based on the trailing year, the annualized rate is $35.1m in fees and $35.1m in revenue.

Which protocols are included in PaperStrategy?

PaperStrategy is a parent protocol whose tracked products include PaperStrategy PSTR and PaperStrategy Papertrade.