Ask about Paragon · freeRWA Active AUM$0
Key Metrics
Fees 30d$58,356
Fees 30d by chain
Hyperliquid L1$58,356
Fees 7d$9,500
Hyperliquid L1$9,500
Fees 24h$404
Hyperliquid L1$404
Cumulative Fees$268,380
Hyperliquid L1$268,380
Revenue 30d$23,033
Revenue 30d by chain
Hyperliquid L1$23,033
Revenue 7d$3,628
Hyperliquid L1$3,628
Revenue 24h$160
Hyperliquid L1$160
Cumulative Revenue$103,802
Hyperliquid L1$103,802
Perp Volume 30d$159.36m
Perp Volume 30d by chain
Hyperliquid L1$159.36m
Perp Volume 7d$33.74m
Hyperliquid L1$33.74m
Perp Volume 24h$1.01m
Hyperliquid L1$1.01m
Cumulative Perp Volume$634.06m
Hyperliquid L1$634.06m
Open Interest$15.33m
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 Nov 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 | $61,477 | $23,967 |
| Nov 2026 (to date) | $9,500 | $3,628 |
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 $58,356 in fees. Of that, $23,033 was protocol revenue. Based on the trailing year, the annualized rate is $443,252 in fees and $171,437 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 $570,720 across 368 protocols, and Paragon accounts for 0% of that total. Similar protocols include Ventuals, LiquidBots, Jupiter Prediction, DESK CLOB, otomate.trade, DFlow Prediction Market, Raydium Perps, PriveX, pvp.trade Perps, and Axiom Perps.
How much perpetual futures volume does Paragon process?
Paragon processed $159.36m in perpetual futures volume over the past 30 days.