Papertrade's seven-day protocol revenue came in at $8.5 million as of Oct. 25, and the venue kept its fifth-place seat even as the number itself moved lower.

The latest snapshot sits $4.88 million below the $13.38 million seven-day window recorded on Oct. 23 — a decline of roughly 36% between the two readings. Despite the drop in dollar terms, Papertrade's rank did not budge, holding firm in fifth place. That pairing is less contradictory than it may appear: leaderboard rankings measure a protocol's position relative to its peers at a given moment rather than its own trajectory, so an absolute revenue decline and an unchanged rank can register in the same snapshot.

The figures are drawn from DefiLlama, the widely used on-chain analytics platform that tracks fees and revenue generated by decentralized finance protocols. Seven-day revenue is a rolling metric that aggregates the fees a protocol collects over the trailing week, meaning the total can shift considerably between snapshots as on-chain activity changes. Because the window rolls forward with that activity, upcoming DefiLlama readings will show whether Papertrade's trailing-week figure stabilizes, extends its decline, or reverses course — and whether the fifth-place ranking holds alongside it.

The revenue snapshot was first reported by COINOTAG on Oct. 25.

This content was first published on COINOTAG: Papertrade's 7-Day Protocol Revenue Slips to $8.5 Million, Fifth Rank Intact