ParagonNot yet announced⚠Programme facts last verified 2026-09-09 (46 days ago).
Not yet announced
Open interest
$16.96M
24h volume
$1.70M
TVL
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Annual revenueVolume annualised at a 6.30bps blended take rate.
$392.02K
Points outstanding
—
Running
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Not tracked — enter an estimate
$
Multiples model: what comparable perp DEXs launched at, applied to this venue's revenue, volume, open interest and TVL. Range $5.03M–$20.57M.Regression on Revenue · ecosystem, n=10, refit daily on listing-day and live FDVs. Range $18.16M–$198.17M.
%
Not published — pick an estimate
Value per point
—
Add total points and an airdrop % to price a point.
Your holding
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Enter your points to see what they're worth.
Sensitivity · $/point
Not enough data to model
Needs points outstanding, an expected airdrop percentage and at least one valuation factor.
Rows are launch FDV (log-spaced around the FDV set in the calculator); columns are the share of supply going to the airdrop. Cells are the resulting value of one point, after any haircuts set under Advanced.
Fair-value breakdown
Annualised revenue$9.90M
$392.02K × 25.3×40%
Annualised volume$696.65K
$622.25M × 0.0×25%
Open interest$20.23M
$16.96M × 1.2×20%
TVL—
No data for this venue · weight redistributed
Blended fair value$9.62M
p25–p75 band$5.03M – $20.57M
Multiples fitted on 6+ comparable launches. Weights are normalised across whichever factors survive, so dropping one reweights the rest rather than scoring it zero.
OTC price history
No OTC quotes for this programmeQuotes parsed from Telegram OTC desks, deduplicated and outlier-filtered.
GET /api/points/otcDaily medians of anonymous desk quotes. Treat as sentiment, not a price — a desk that wants to move the printed mid only has to post into the channel.
Emissions & dilution
No emission historyWeekly points issued, so you can see how fast your share is being diluted.
GET /api/points/emissionsEvery point issued after you earn yours dilutes your share of the same pool. A programme emitting steadily is worth less per point tomorrow than today, all else equal.
What we know0 facts
HIP-3 deployer (dex key para) for crypto-native index perps (BTC.D, TOTAL2, OTHERS) plus semiconductor names. Live April 2026. No token, points programme or official incentive as of research — Syncracy-backed, which is the classic retroactive setup, but nothing is announced. Fees assumed 2x Hyperliquid base (9.0/3.0bps) as a HIP-3 default; confirm before relying on them. 500k HYPE staked as the HIP-3 bond.
Statusunannounced
Facts last verified2026-09-09 (46d ago)
TGE expected—
Airdrop share of supply—estimatedOur estimate — not published by the venue
Points outstanding—estimatedOur estimate — not published by the venue
Conversion ratios are set by each team at distribution time and no programme is obliged to ship a token. Never trade solely to farm an airdrop.