Solana ecosystem perpetual contract protocol Cardboardtrade sees daily average trading volume of $1 billion, cumulative liquidations exceeding $564 million

Odaily reports: SolanaFloor posted on X platform that Cardboardtrade, a perpetual contract protocol regarded as the Solana version of Papertrade, currently has a daily average trading volume of approximately $1 billion.

It is reported that the platform offers leveraged trading of up to 1000x for BTC, ETH, and SOL. The platform's cumulative liquidations have exceeded $564 million, with open interest (OI) reaching $38 million. The data screenshot attached by SolanaFloor shows that the protocol's cumulative trading volume is approximately $4.4 billion.