Paperdash is presented by @paperdash_xyz as a Papertrade frontend for wallet tracking, watchlists and strategy tools. Its public browser interface includes market charts, trader activity, a leaderboard, protocol statistics and an Arcade. The public home, statistics and Arcade pages were inspected without connecting a wallet. No individual creator or legal operating entity was established from the sources reviewed.
The Arcade lists ten modes: Paper plane, Fortune teller, Frog, Senbazuru, Cube, Paper balloon, Catamaran, Kuji, Lucky stars and Flock. Their descriptions turn direction, leverage, position opening or closing into crash, wheel, flip, dice, hedge and other game-like interfaces. Several advertise leverage up to 1000x. These are ten mode listings within one application, not ten separately tested games. Paperdash's internal Paper plane mode is distinct from the existing Paperplanes project. No mode was played and no position was opened.
The statistics page displays TVL, volume, accounts, open positions, payout queue, PAPER supply and staking figures, deposits, withdrawals and historical series. The privacy notice says wallet research archives public Papertrade account and event reports, while tick charts connect to Hyperliquid's public price stream. These are operator statements; completeness, calculation methods, update delay and financial accuracy were not independently verified. The public figures are not evidence of returns or successful execution.
An official 20 October 2026 post announces a Telegram bot for positions, orders and market context. The bot was linked by the website and account but was not opened or started. Copytrading appears in the account biography; an operating copytrading flow was not verified.
According to the privacy notice, enabling trading creates a key held by Privy and registers it on Papertrade through a wallet signature. Paperdash says it requests signatures for confirmed website, Arcade or Telegram orders. Disabling trading in Paperdash is described separately from revoking the key on Papertrade: registration remains until expiry or wallet revocation. Key permissions, storage, signing, revocation, funding and withdrawals were not tested.
The official Arcade post advertises no extra frontend fees or requirements. This claim was not verified through an order, and does not establish zero protocol, network or funding-route costs. Access conditions, limits and total costs remain untested. In Play / Early Access refers to the accessible public interface and the creator's early-stage description; it does not certify a completed game or audited trading service.