Papertrade perpetual contract has launched on Hyperliquid, currently priced at $0.012

Odaily reports: Paragon announced on X platform that the Papertrade (PAPER) perpetual contract has launched on the Hyperliquid HIP-3 market, supporting up to 3x leverage. The PAPER price is currently at $0.012, with contract open interest at only approximately $30,000.

Previously, Paragon spent 570.98 HYPE (approximately $45,000) to acquire the PAPER ticker.