Asset Intelligence / Hyperliquid Context
TOTAL2
Market guides and dated reports for TOTAL2. Browse recent coverage below or use the archive pages to find older articles.
TOTAL2 tracks the aggregate market capitalization of the top 125 crypto assets excluding Bitcoin. It serves as the primary benchmark for overall altcoin market health and direction.
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Archive Summary
Latest Archived Thesis
How to Trade TOTAL2 on Hyperliquid
TOTAL2 is the total crypto market cap minus Bitcoin — the single cleanest read on altcoin liquidity. Paragon launched it as a HIP-3 perpetual on Hyperliquid in April 2026, alongside BTC Dominance and OTHERS. For the first time, traders can take a leveraged, directional position on altseason itself rather than picking individual tokens.
Archive
TOTAL2 Article Archive
Background reading selected from this asset's symbol, builder context, and archived catalyst coverage.
HIP-3 Explained: Builder-Deployed Perps on Hyperliquid
HIP-3 lets anyone deploy a perpetual futures market on Hyperliquid — no approval, no gatekeepers. Builder mechanics, fees, and live markets.
Funding Rates Explained: A Trader's Guide (2026)
Funding rates decide if you pay or earn holding a perp position. How Hyperliquid's hourly funding works, reading rate signals, and cash-and-carry arbitrage.