Paragon (PARA) has staked 500,000 HYPE tokens, valued at approximately $18.5 million, as part of its strategic initiatives. The move comes ahead of the launch of its decentralized exchange, Para, which went live on the mainnet eight hours ago. The newly launched Para DEX has already integrated trading codes TOTAL2, OTHERS, and BTCD, marking a significant step in Paragon's expansion in the decentralized finance space. This development is expected to enhance trading capabilities and attract more users to the platform.