Ask about Paragon · freeRWA AUM$0
Key Metrics
Fees 30d$62,914
Fees 30d by chain
Hyperliquid L1$62,914
Fees 7d$8,543
Hyperliquid L1$8,543
Fees 24h$1,204
Hyperliquid L1$1,204
Cumulative Fees$252,521
Hyperliquid L1$252,521
Revenue 30d$24,583
Revenue 30d by chain
Hyperliquid L1$24,583
Revenue 7d$3,263
Hyperliquid L1$3,263
Revenue 24h$354
Hyperliquid L1$354
Cumulative Revenue$97,658
Hyperliquid L1$97,658
Perp Volume 30d$164.36m
Perp Volume 30d by chain
Hyperliquid L1$164.36m
Perp Volume 7d$33.68m
Hyperliquid L1$33.68m
Perp Volume 24h$4.91m
Hyperliquid L1$4.91m
Cumulative Perp Volume$581.93m
Hyperliquid L1$581.93m
Open Interest$16.79m
Protocol Information
Paragon transforms market indices into tradable instruments on Hyperliquid.
Sub Category: Hyperliquid HIP3 Deployer
Methodology
Fees: Trading fees paid by users on Hyperliquid markets deployed by Paragon.View code on GitHubRevenue: Half of the fees goes to the protocol and rest to hyperliquidView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Paragon history
Fees and revenue by UTC calendar month, Apr 2026 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Apr 2026 | $73,727 | $31,514 |
| May 2026 | $21,025 | $7,876 |
| Jun 2026 | $12,427 | $4,538 |
| Jul 2026 | $5,052 | $2,161 |
| Aug 2026 | $31,243 | $10,335 |
| Sep 2026 | $53,929 | $19,782 |
| Oct 2026 (to date) | $55,118 | $21,451 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/paragon
Frequently asked questions
What chains does Paragon operate on?
Paragon operates on Hyperliquid L1.
How much has Paragon generated in fees and revenue?
Over the past 30 days, Paragon generated $62,914 in fees. Of that, $24,583 was protocol revenue. Based on the trailing year, the annualized rate is $438,906 in fees and $169,739 in revenue.
How does Paragon's TVL compare to similar protocols?
Among Interface protocols tracked by DefiLlama, Paragon ranks #105 by TVL. The category holds $621,060 across 350 protocols, and Paragon accounts for 0% of that total. Similar protocols include Ventuals, LiquidBots, Jupiter Prediction, otomate.trade, DESK CLOB, DFlow Prediction Market, Raydium Perps, PriveX, pvp.trade Perps, and Axiom Perps.
How much perpetual futures volume does Paragon process?
Paragon processed $164.36m in perpetual futures volume over the past 30 days.