Paragon said in a post on X that the Papertrade (PAPER) perpetual contract has been listed on the Hyperliquid HIP-3 market, with leverage of up to 3x. PAPER was quoted at $0.012 at the time of the update, while open interest in the contract stood at only about $30,000. The listing follows an earlier development in which Paragon spent 570.98 HYPE, worth about $45,000, to secure the PAPER ticker. The update was reported by Odaily as a brief market item.
Paragon said in a post on X that the Papertrade (PAPER) perpetual contract is now live on the Hyperliquid HIP-3 market, with leverage of up to 3x.
PAPER was quoted at $0.012 at the time of the update, and open interest in the contract was only about $30,000. Earlier reports said Paragon spent 570.98 HYPE, or about $45,000, to acquire the PAPER ticker.
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