Rage Trade (RAGE)

Overview

Rage Trade is a multi-chain perpetuals aggregator designed to help traders find the best route, fees, and funding across leading on-chain derivatives venues in one simple interface. Instead of opening positions separately on each exchange, Rage Trade’s app scans integrated markets like GMX, dYdX, Synthetix, Aevo, Hyperliquid and others, then routes the trade where execution looks strongest. In plain terms: one screen, many venues, and a unified experience. (coindesk.com)

The project’s native RAGE token lives on the Hyperliquid Layer-1, sometimes called the “Rage Trade blockchain” in community chatter because that is where RAGE is issued and traded at the protocol’s token home base. The aggregator itself remains chain-agnostic and connects to liquidity across multiple ecosystems. (coindesk.com)

Rage Trade focuses on practical tools for on-chain traders:

• Aggregated liquidity and route selection with price, fee, and funding awareness.
• Cross-chain collateral conveniences so users can move margin where it’s needed.
• EOA wallet compatibility, so most standard crypto wallets connect and work out of the box. (gate.com)

While the RAGE price moves with market supply and demand, this article focuses on evergreen fundamentals: how Rage Trade works, its tokenomics, and what a growing ecosystem around “Rage Trade DeFi, NFTs, gaming” could look like over time.

History & Team

Rage Trade began in 2022 with a focus on Ethereum perpetuals and structured vaults on Arbitrum, including delta-neutral and “80–20” strategies. This early phase introduced the team’s design taste: composability, clear funding mechanics, and liquidity that could plug into multiple venues. (v1.rage.trade)

In 2024, the app evolved into a multi-chain perp aggregator. “Aggregator Lite” shipped with a revamped UI, deeper venue integrations (GMX v1/v2, Synthetix v2, dYdX v4, Aevo, Hyperliquid), and a points program to reward active traders. That same year, Rage Trade announced a public token sale and a token generation event (TGE) on Hyperliquid L1. (gate.com)

Backers and supporters include OKX Ventures and a mix of angels and funds from the derivatives trading world. OKX Ventures publicly disclosed its investment in Rage Trade in 2023, and community fundraising trackers list other participants such as Lemniscap, CMS Holdings, MGNR, SevenX Ventures, and more. (globenewswire.com)

Public materials emphasize a small, product-focused team. External databases list several well-known DeFi builders as advisors to the project over time (for example, Jai Bhavani, Scott Lewis, Will Price, and Adam Patel), while community sources also note angels like Nick Chong. Day-to-day, the project communicates primarily from its official channels rather than spotlighting individual founders. (pitchbook.com)

Technology & How It Works

Multi-venue routing

Rage Trade is an intent-style router for perpetuals. When you enter a trade, the app compares price, maker/taker fees, expected funding, and available liquidity across supported venues. You can filter by chain, view route incentives, and simulate funding impacts so that your net cost is front-and-center before you click “confirm.” This saves time and reduces guesswork compared to tabbing across many exchanges. (gate.com)

Account model and wallet UX

The aggregator connects with common EOA wallets, so you don’t need to create a new account per venue. This is especially helpful for cross-margin users who move collateral frequently. Rage Trade has highlighted “CEX-like” UX choices—fast route selection, clearer fee display, and consolidated referrals—so the surface feels familiar even though execution is fully on-chain. (gov.gmx.io)

Cross-chain collateral and bridging

Because the aggregator spans many chains, collateral has to move. Rage Trade’s tooling works alongside bridges and venue-native transfer systems to shift funds. If you interact with the RAGE token itself, it resides on the Hyperliquid L1 with a parallel HyperEVM environment. Hyperliquid supports native transfers between its L1 (“HyperCore”) and HyperEVM by sending to a special system address (0x222…2222), and provides documentation for linking assets and bridging flows. Wallets like MetaMask or Rabby can add the HyperEVM network (Chain ID 999) via RPC. (hyperliquid.gitbook.io)

Earlier vaults and composability

Rage Trade’s v1 era on Arbitrum featured vault designs (delta-neutral GLP and “80–20” vaults) that recycled liquidity and aimed to match centralized funding rates through mechanisms like forward-guided funding. Those concepts fed into today’s aggregator philosophy: unify fragmented liquidity and give traders a consistent experience. (binance.com)

Tokenomics & Utility

RAGE has a fixed supply of 100,000,000 tokens. The project emphasized “community > team + investors” from day one and paired its sale and airdrop design with a deflationary “Rage Quit” option. High-level distribution (rounded) has been reported as: 35% token sale (including public sale and liquidity seeding), 30% community treasury, 15% team, 13.5% private purchasers, and 6.5% airdrops to early users and selected communities. (coindesk.com)

Key mechanics include:

• Public sale on Fjord Foundry with a fixed price, followed by the TGE on Hyperliquid L1 where liquidity was seeded to the spot order book. (coindesk.com)
• Airdrop allocation of about 6.5% aimed at Rage v1 users, v2 users, and Hyperliquid OG spot traders, with a short cliff and linearly streamed vesting thereafter. (chaincatcher.com)
• “Rage Quit” for vesting cohorts: after an initial cliff, eligible recipients can unlock early by taking a 60% haircut on their allocation, permanently burning the remainder and reducing circulating supply—an explicit supply sink that all remaining holders benefit from. (coindesk.com)

What does the token do? The treasury slice (30%) is governed by token holders according to official communications, earmarked for long-term incentives, integrations, and ecosystem growth. Allocations for market-making and product incentives backstop liquidity, listings on the Hyperliquid spot market, and ongoing user programs. In short, RAGE functions as both a coordination asset (governance over the treasury) and a growth asset (used to reward usage and integrations). (backend.decentralised.news)

When people search for “Rage Trade tokenomics” or “RAGE token,” they often want to understand how supply enters the market and what utilities exist beyond pure speculation. The summary above captures the core design; specifics like unlock cadence, treasury programs, and community votes are communicated through official channels over time. (coindesk.com)

Ecosystem & Use Cases

Rage Trade sits at the center of a growing web of on-chain perp venues, bridges, and wallet experiences:

• Traders use the aggregator to access markets across L2s, appchains, and Cosmos-aligned venues from one place. This includes assets from DeFi, NFTs, and gaming—so when you read “Rage Trade DeFi, NFTs, gaming,” think of it as category breadth: majors like ETH/BTC, niche DeFi tokens, game tokens, and other listed markets where partner venues provide exposure. (coindesk.com)
• Builders integrate order flow and analytics into their own apps. Hyperliquid’s HyperEVM makes it possible to deploy EVM-compatible contracts that interact with assets linked from the L1. That opens room for dashboarding, structured products, or even social trading layers that sit on top. (hyperliquid.gitbook.io)
• Community programs like points and referrals reward advanced users who bring volume and new wallets to the network. Rage Trade’s UI highlights route-level incentives, fee rebates, and funding factors so that power users can tune strategies. (gate.com)

Advantages & Challenges

Advantages:

• Best-route execution across multiple perp venues, with clear trade-offs among price, fees, and funding in one view. (gate.com)
• EOA wallet compatibility keeps setup simple; no heavy custom accounts needed. (gate.com)
• Community-forward token design with a large treasury, public sale, and a “Rage Quit” mechanism that can reduce supply. (coindesk.com)
• Backing and integrations with well-known players in derivatives liquidity. (globenewswire.com)

Challenges:

• Multi-chain execution is powerful but complex; collateral and margin may need to move between chains and venues. Understanding Hyperliquid L1 and HyperEVM transfers is a new mental model for some users. (hyperliquid.gitbook.io)
• As an aggregator, Rage Trade’s depth depends on the liquidity and uptime of the integrated exchanges. Venue-level changes (listings, fees, funding models) can affect route quality day to day. (coindesk.com)
• Governance, treasury deployment, and long-term incentive design matter. Community expectations around these areas are high in DeFi, and execution quality will shape adoption. (backend.decentralised.news)

Where to Buy & Wallets

If you are researching where to buy RAGE, start with how the token launched: Rage Trade ran a public sale on Fjord Foundry, then held its token generation event on the Hyperliquid L1 and seeded liquidity on the Hyperliquid spot market. That means the token’s “home” listing and deepest native liquidity are on the Hyperliquid chain. (coindesk.com)

Wallet setup and custody basics:

• Hyperliquid has two layers you’ll see referenced: HyperCore (its L1) and HyperEVM (an EVM-compatible environment). You can add HyperEVM to MetaMask or Rabby using Chain ID 999 and the RPC at rpc.hyperliquid.xyz/evm. (hyperliquid.gitbook.io)
• To move assets between HyperCore and HyperEVM, Hyperliquid supports native transfers by sending spot assets to a system address (notably 0x222…2222 for HYPE and EVM transfers). Linked ERC-20 contracts on HyperEVM reflect balances after the transfer. (hyperliquid.gitbook.io)
• For RAGE itself, follow official Rage Trade and Hyperliquid links for the current spot market and any EVM contract linkage. This ensures you are interacting with the correct token and the right network. (coindesk.com)

Because wallets are a core part of the experience, Rage Trade emphasizes EOA compatibility—connect your preferred wallet, pick your route, and trade. The aggregator also exposes bridging options and route incentives inside the UI to make collateral moves and execution more seamless. (gate.com)

Regulatory & Compliance

“Rage Trade regulatory status” depends on jurisdiction. Rage Trade is an interface that aggregates decentralized perpetuals venues across multiple chains. Each integrated venue sets its own terms, listing policies, and access controls, and different countries treat on-chain perpetuals differently. The project’s public communications emphasize software and routing, not custody of client funds, and the token lives on-chain. As a result, what you can access may vary based on your local rules and the policies of the underlying exchanges Rage plugs into. (coindesk.com)

On faith-based considerations, some users ask: Is Rage Trade crypto halal? The short answer from common guidance is that “Rage Trade halal” or “RAGE shariah compliant” is conditional. It can be considered halal if activity avoids interest (riba), ensures transparent exchange and prompt settlement, avoids excessive uncertainty (gharar) and gambling-like speculation, and deals in assets or contracts with genuine economic purpose. Because perpetual derivatives and leverage are involved, alignment with Islamic finance principles requires careful structuring (for example, avoiding interest-like fees and ensuring clear ownership and delivery terms). There is no widely published, formal shariah certification for Rage Trade as of this writing; individuals who need a definitive ruling often consult a qualified scholar. (gate.com)

Future Outlook

Rage Trade’s roadmap points toward deeper integrations, smarter routing, and more chains. In 2024 it rolled out Aggregator Lite, integrated dYdX v4, and expanded incentives and points. Looking forward, expect the team to keep iterating on UI speed, route transparency, and chain coverage while growing community programs around the RAGE token and the treasury. The long-term vision is clear: a neutral layer that makes on-chain perp trading feel unified, regardless of where the underlying liquidity lives. (gate.com)

Hyperliquid’s ongoing work on HyperCore ↔ HyperEVM linking and native transfers also matters for the RAGE token’s utility and composability. As more apps deploy on HyperEVM and more assets get formally linked, the surface area for builders—indexes, structured products, and dashboards—should expand. That, in turn, can feed more routes and more reasons for traders to use Rage. (hyperliquid.gitbook.io)

Summary

Rage Trade brings a clean, familiar trading experience to the messy world of on-chain perp liquidity. The app compares price, fees, and funding across top venues, then routes to where execution looks best—no more juggling tabs. The RAGE token, issued on the Hyperliquid L1, backs a community-first model with a sizable treasury, an airdrop to early users, and a unique “Rage Quit” feature that can shrink supply over time. To the common questions—how does it work, what is the RAGE token for, what about the RAGE price, where to buy RAGE—the throughline is simple: Rage is building infrastructure and incentives so that decentralized perpetuals feel unified and approachable, while leaving room for “Rage Trade DeFi, NFTs, gaming” exposure as integrated venues list more markets. If you want a single doorway into many on-chain perp exchanges, Rage Trade’s aggregator is built for that job. (coindesk.com)