Key Metrics
Fees 30d$2.76m
Fees 30d by chain
Hyperliquid L1$2.76m
Fees 7d$1.17m
Hyperliquid L1$1.17m
Fees 24h$190,614
Hyperliquid L1$190,614
Cumulative Fees$2.95m
Hyperliquid L1$2.95m
Revenue 30d$2.76m
Revenue 30d by chain
Hyperliquid L1$2.76m
Revenue 7d$1.17m
Hyperliquid L1$1.17m
Revenue 24h$190,614
Hyperliquid L1$190,614
Cumulative Revenue$2.95m
Hyperliquid L1$2.95m
Holders Revenue 30d$578,767
Holders Revenue 30d by chain
Hyperliquid L1$578,767
Holders Revenue 7d$459,190
Hyperliquid L1$459,190
Holders Revenue 24h$74,252
Hyperliquid L1$74,252
Cumulative Holders Revenue$653,019
Hyperliquid L1$653,019
Protocol Information
A strategy token built on Papertrade. A 10% tax on PSTR trades funds a treasury that acquires and stakes PAPER, and the staking yield buys back and burns PSTR
Methodology
Fees: 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 GitHubRevenue: 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 GitHubHolders Revenue: 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 GitHubCompetitors
PaperStrategy history
Fees, revenue and holders revenue by UTC calendar month, Oct 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Oct 2026 (to date) | $2.95m | $2.95m | $653,019 |
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 Hyperliquid L1.
How much has PaperStrategy generated in fees and revenue?
Over the past 30 days, PaperStrategy generated $2.76m in fees. Of that, $2.76m was protocol revenue. Based on the trailing year, the annualized rate is $77.57m in fees and $77.57m in revenue.
How does PaperStrategy's TVL compare to similar protocols?
Among Onchain Capital Allocator protocols tracked by DefiLlama, PaperStrategy ranks #86 by TVL. The category holds $9.409b across 86 protocols, and PaperStrategy accounts for 0% of that total. Other leading protocols include Veda, Upshift, Lagoon, Fusion by IPOR, Felix Vaults, D2 Finance, Rigoblock, VisionBoard Vault, CrystalClear, and stash.fun.