Paragon

## Paragon What is Paragon? Paragon is a market infrastructure protocol built on Hyperliquid that turns widely tracked crypto indices into tradable perpetual futures. The three available markets are $BTC.D (Bitcoin dominance), $TOTAL2 (total crypto market cap excluding BTC), and $OTHERS (total market cap excluding the top 10). Rather than managing a basket of positions to express a macro view, traders can take a single on-chain position against benchmarks they already chart. Markets are deployed via Hyperliquid’s HIP-3 standard. Trades settle in USDC with cross-margin support and up to 50x leverage. The protocol went live in early April 2026 and cleared over $8.88M in volume across 263 wallets in its first few days. Syncracy Capital led an undisclosed seed round, closed the same month. Paragon works across several frontends beyond the main Hyperliquid app — including Tread.fi , Pear Protocol , and Based . A live stats dashboard at stats.paragon.trade tracks volume, unique users, and per-market leaderboards in real time. **Temperature:** 22° ### Steps to Participate 1. Set Up a Hyperliquid Account 2. Deposit USDC 3. Navigate to the Paragon Markets 4. Trade the Index Perpetuals 5. Monitor the Stats Dashboard 6. Is There a Paragon Token or Confirmed Airdrop? 7. Does Trading on Paragon Require Real Money? 8. How Do the Index Perpetuals Work? 9. Who Can Participate? 10. Will More Markets Be Added? *Source: [airdrops.io](https://airdrops.io/paragon/)*

### Steps to Participate 1. Set Up a Hyperliquid Account 2. Deposit USDC 3. Navigate to the Paragon Markets 4. Trade the Index Perpetuals 5. Monitor the Stats Dashboard 6. Is There a Paragon Token or Confirmed Airdrop? 7. Does Trading on Paragon Require Real Money? 8. How Do the Index Perpetuals Work? 9. Who Can Participate? 10. Will More Markets Be Added?