What is Paragon on Hyperliquid?
Paragon is a builder-deployed HIP-3 perpetual market group on Hyperliquid. Its builder selects markets and operates the deployment while orders use Hyperliquid's underlying trading infrastructure.
Paragon | HIP-3 Builder DEX Analytics on Hyperliquid
Tickers You Already Track. Now Tradeable. Go long or short the ideas that shape markets
Over the last 30 days Paragon processed $188.70M in perpetual futures trading volume across 34 listed markets, with 6,823 unique traders and 718,547 trades. Total fees collected: $64.69K. Open interest on Paragon (estimated from fills): $15.49M as of 2026-11-13.
Top Paragon Markets (30d Volume)
| Rank | Symbol | 30d Volume (USD) | Open Interest (USD) | Trade Count |
|---|---|---|---|---|
| 1 | UNITREE | $28.82M | n/a | 239,091 |
| 2 | PAPER | $20.11M | n/a | 30,061 |
| 3 | 10Y | $12.22M | n/a | 15,693 |
| 4 | COHR | $11.61M | n/a | 27,039 |
| 5 | TOTAL2 | $8.94M | n/a | 7,172 |
| 6 | ANSEM | $8.84M | n/a | 42,265 |
| 7 | CRDO | $8.42M | n/a | 25,617 |
| 8 | VST | $7.51M | n/a | 26,383 |
| 9 | MELI | $7.34M | n/a | 10,318 |
| 10 | CIFR | $7.29M | n/a | 13,120 |
| 11 | OTHERS | $7.17M | n/a | 13,758 |
| 12 | TTWO | $6.70M | n/a | 17,590 |
| 13 | STX | $5.77M | n/a | 44,449 |
| 14 | SMCI | $5.28M | n/a | 26,239 |
| 15 | IREN | $4.91M | n/a | 14,313 |
| 16 | AAOI | $3.61M | n/a | 26,122 |
| 17 | 2Y | $3.48M | n/a | 8,251 |
| 18 | DRV | $2.91M | n/a | 30,632 |
| 19 | BTCD | $2.82M | n/a | 1,443 |
| 20 | NET | $2.54M | n/a | 7,541 |
Paragon
HIP-3 perpetual DEX on Hyperliquid — Volume, open interest, traders & feesTrade Analytics
Open Interest
Open Interest - Paragon
Symbol share
Open interest · All time
| Symbol | Mark Price | Open Interest | Volume (All Time) | Traders (All Time) | Fees (All Time) | Trades (All Time) | Chart |
|---|
FAQs
Paragon market questions
The dashboard attributes Paragon volume, open interest, trades, traders, fees, and symbol activity across its builder-deployed perpetual markets.
What does Paragon trading volume measure?
It is the notional value traded in the tracked Paragon perpetual markets during the selected period. It measures turnover, not capital deposited or positions still open.
How much risk is positioned on Paragon?
Open interest estimates the notional value of outstanding Paragon perpetual positions. Compare it with volume to distinguish retained exposure from rapid turnover.
How active are traders on Paragon?
Unique traders measure participation breadth, while trade count and volume measure activity. Together they show whether Paragon usage is broad or concentrated among a small number of active accounts.
What fees are generated by Paragon?
The analytics aggregate reported fees associated with tracked trading activity. Fees should be compared with volume and trade count because a larger fee total can reflect either more activity or a different fee mix.