Ranger (RNGR)

Preview

Market data not yet available

Overview

What is Ranger (RNGR)?

Ranger is a Solana-native trading platform that unifies multiple decentralized exchanges (DEXes) into one interface. It aggregates liquidity for perpetual futures and spot markets, routes orders for the best total cost, and gives traders real-time analytics. You’ll see this called the first perps aggregator on Solana because Ranger’s smart order router scans venues like Drift, Jupiter Perps, and Flash to find optimal execution, sometimes even splitting a single order across venues for better fills. (docs.ranger.finance)

Why it matters

On Solana, liquidity is spread across many venues. The Ranger blockchain stack (built on Solana) brings that liquidity together. The result is tighter spreads, lower slippage, and a simpler trader experience. Ranger also provides a “MetaDEX” for spot trading that pulls quotes not only from DEX pools but also from aggregators and RFQ relays, acting like a broker-grade execution layer in DeFi. (ranger.finance)

Key takeaways

• Perps and spot aggregation in one place, with data tools like liquidation maps, open interest, and funding dashboards. (docs.ranger.finance)
• Smart Order Routing (SOR) optimizes for net cost, not just headline price, and can split route across venues. (docs.ranger.finance)
• Cross-chain perps access to Hyperliquid from the same Solana wallet, powered by Privy and deBridge. (docs.ranger.finance)

History & Team

Origin story

Ranger took shape in late 2023 to solve a clear gap: fragmented perps liquidity on Solana. In a Q&A with lead investor RockawayX, the team explains how they set out to deliver deeper liquidity than any one DEX could offer, starting with Solana’s high-performance environment. (rockawayx.com)

Founders

• Coby Lim, a trader with traditional finance and crypto experience (including leadership roles in OTC and prime brokerage), co-founded Ranger and drives product and execution focus. (linkedin.com)
• Fathur Rahman (Fa2), previously a co-founder of SolanaFM (acquired by Jupiter Exchange in 2024), leads the DeFi + data vision at Ranger Labs and was recognized on Forbes 30 Under 30 Asia (Finance & VC) in 2025. (forbes.com)
• Barrett Williams, a DeFi veteran, has discussed Ranger’s path to decentralized governance and interest in futarchy-based decision making as the platform evolves. (cryptootimes.com)

Backing and investors

Ranger raised $1.9 million in January 2025 in a round led by RockawayX, with participation from firms such as Big Brain Holdings, Anagram, Asymmetric, RISE Capital and others. Coverage also cites involvement from groups like Zee Prime Capital, Flow Traders, Selini Capital, Presto Labs, Monke Ventures, and noted angels including Joe McCann and Arthur Cheong. PANews reported a $30 million valuation for the round concluded in December 2024. (panewslab.com)

Technology & How It Works

Smart Order Router (SOR)

Ranger’s SOR is the core engine. When you submit a perp order, the router checks supported venues and routes to minimize slippage and fees while getting the best blended price. It can split a single order across venues (for example, partial fills on Drift and Jupiter Perps) when that reduces total execution cost. (docs.ranger.finance)

Cross-chain perps from a Solana wallet

Through an integration with Privy and deBridge, Ranger lets users access Hyperliquid markets without leaving Solana. A Hyperliquid-native wallet is created and linked to your Phantom or Backpack wallet; trade instructions are relayed and executed trustlessly, with non-custodial settlement. (docs.ranger.finance)

MetaDEX for spot (Ranger Spot)

Ranger Spot is a “Meta Aggregator” for swaps. It requests and compares quotes from Jupiter, DFlow (MEV-protected, intent-based flow), Kamino (MEV-resistant), OKX hybrid pricing, and Pyth Express Relay (RFQ with market makers). The route chosen aims for best net outcome after price, venue fees, and time-to-fill—executed in a single transaction. (docs.ranger.finance)

Data layer and analytics

Ranger standardizes data across venues and exposes trader-focused dashboards:

• Liquidation Map: cumulative long/short liquidation lines plus exchange-level clusters.
• Open Interest: platform-specific OI and 24-hour changes to spot shifts in positioning.
• Funding Rates: track cost-of-carry dynamics to gauge sentiment and potential reversals. (docs.ranger.finance)

Fees

Ranger’s interface fee schedule is simple: 2 bps on perps, 5 bps on spot market orders (majors, stables, alts), 0 bps for spot limit orders, and 100 bps for launchpad tokens. Venue-level fees (and funding/borrowing) are added by the underlying exchanges. (docs.ranger.finance)

Tokenomics & Utility

The RNGR token vision

Ranger has signaled plans for a native token. Community materials and third-party coverage often reference the “RNGR token,” and Ranger’s own founder discussions point to decentralized governance as the platform matures. While final Ranger tokenomics have not been published, the team runs a live points program that clearly links platform activity to future rewards. (cryptootimes.com)

Ranger tokenomics today

As of October 5, 2025, Ranger has not released a formal “Ranger tokenomics” paper with allocations, emissions, or vesting schedules. What is public today:

• Ranger Points are distributed weekly (500,000 points total: 225k to perps, 225k to spot, 50k to referrals/bonuses). Points are “your path to rewards,” with snapshots every Friday at 6:00 UTC. (docs.ranger.finance)
• Community articles and airdrop trackers describe RNGR arriving post-TGE, aligning points with future token rewards. Official details, including the exact RNGR supply and on-chain mechanics, remain to be announced by the team. (airdropalert.com)

Likely utility patterns to expect

Based on what Ranger has publicly discussed and what similar aggregator tokens commonly do, RNGR utility may include a mix of:

• Governance and signaling (the team has discussed futarchy-style governance as a future direction).
• Fee discounts, rebates, or staking mechanisms that reward active traders.
• Incentives for liquidity, routing, and referrals tied to the platform’s growth.
  These are forward-looking patterns inferred from founder commentary and the live points design; the final RNGR token utility will depend on the official TGE documentation. (cryptootimes.com)

RNGR price

RNGR price will be market-driven when the token is live. Many readers search for “RNGR price,” but it changes in real time and is displayed in trading interfaces. TokenRadar shows dynamic stats separately on this page.

Ecosystem & Use Cases

Omni-market coverage on Solana

Ranger brings perps, spot (and later spot margin and OTC) into one interface. This helps traders who want a “command center” on Solana—place directional bets with perps, hedge or rebalance on spot, and analyze funding and OI without switching tabs and tools. (ranger.finance)

Execution for size, speed, and precision

Ranger’s SOR is built for traders who care about total cost. Split-routing and fee-aware decisioning can improve fills notably on large orders. By aggregating across several perps DEXes, Ranger aims to deliver deeper effective liquidity than any single venue. (docs.ranger.finance)

Data-powered decision making

The platform’s liquidation map, OI, and funding tools help users time entries and exits, monitor leverage build-ups, and spot potential squeeze zones. Because these data are standardized, comparisons across venues are more apples-to-apples. (docs.ranger.finance)

Developer and multi-chain reach

Ranger has highlighted API access for programmatic traders and bot builders, and has begun expanding beyond Solana perps via Hyperliquid connectivity from a Solana wallet. This keeps the Solana-first experience while opening the door to more markets. (solanacompass.com)

“Ranger DeFi, NFTs, gaming”

Ranger lives in the broader Solana landscape that spans DeFi, NFTs, and gaming. While the product’s core is trading aggregation, its interface and data layer fit naturally beside other Solana apps in these verticals—making it easy for users to move between trading, NFT activity, and gaming ecosystems on the same network.

Advantages & Challenges

Advantages

• Liquidity aggregation: deeper combined books than a single venue can provide. (docs.ranger.finance)
• Smart routing: fee-aware, split-routing, and net-cost optimization. (docs.ranger.finance)
• MetaDEX for spot: quotes from Jupiter, DFlow, Kamino, OKX, and Pyth Express Relay for best net execution. (docs.ranger.finance)
• Rich analytics: standardized liquidation, OI, and funding tools in one interface. (docs.ranger.finance)
• Clear fee schedule at the interface layer. (docs.ranger.finance)

Challenges

• Feature rollout: some items (like fuller multi-asset flows and OTC) are staged over time. (ranger.finance)
• Ecosystem focus: Ranger is optimized for the Solana network, which can limit exposure to non-Solana DEX liquidity, though the Hyperliquid bridge begins to address this. (docs.ranger.finance)
• Jurisdiction access: current Terms of Use state the interface is not available to U.S. or Singapore persons, which can complicate adoption until policies change. (docs.ranger.finance)

Where to Buy & Wallets

where to buy RNGR

When the RNGR token launches, initial liquidity will likely appear on Solana DEXes and within the Ranger Spot MetaDEX flow. Because Ranger Spot already compares quotes from leading Solana aggregators and RFQ relays, it is a natural place to look once RNGR lists. Community coverage ties Ranger Points to a post‑TGE RNGR airdrop; always check the official app or documentation for listing details when they are announced. (docs.ranger.finance)

Wallets to use on the Ranger blockchain stack (Solana)

To interact with Ranger today, you connect a Solana wallet. The docs include Phantom in the onboarding guide and mention Backpack within the cross-chain perps flow. These wallets let you keep assets self-custodied while the SOR allocates margin at trade time. (docs.ranger.finance)

Regulatory & Compliance

Access restrictions and Ranger regulatory status

Ranger’s Terms of Use currently state the interface is not available to persons or entities in the United States or Singapore, and also restrict access by sanctioned jurisdictions. The Terms also prohibit using a VPN to bypass these restrictions. This is the authoritative reference for Ranger’s current access policy. (docs.ranger.finance)

Third-party coverage has discussed plans for broader access, including U.S. access, but those statements should be read alongside the live Terms. As of October 5, 2025, the Terms page governs access and supersedes marketing claims. (solanacompass.com)

Ranger halal and RNGR shariah compliant

• Answer: No. There is no official statement that Ranger or the RNGR token is shariah compliant. “Ranger halal” status is not claimed by the project, and no shariah certification is listed in official docs. Therefore, “RNGR shariah compliant” cannot be confirmed. (docs.ranger.finance)

Future Outlook

Product expansion

Ranger is steadily moving from perps aggregation into a complete trading hub that includes spot, spot margin, and OTC flows, plus deeper data and developer features. The team has publicly explored AI‑assisted trading strategies and is building cross‑chain reach from a Solana-first base. (ranger.finance)

Markets and compliance

If access policies evolve, the potential addressable market grows, especially in regions with high crypto activity. Until then, the platform will likely keep focusing on features that strengthen its value for professional traders who want better execution and data.

Community and RNGR token

With a live points system and frequent references to a future token, the community is already engaged. A fair, transparent “Ranger tokenomics” design—one that ties RNGR utility to usage (governance, fee mechanics, routing incentives)—would align users with the platform’s long-term growth. The exact RNGR token mechanics will be clear at TGE, but the building blocks are visible in how Ranger already tracks contribution and activity. (docs.ranger.finance)

Summary

Ranger is a focused execution layer for Solana that unifies fragmented liquidity and data into a single experience. Its SOR hunts for the best net fills across perps venues, the MetaDEX aggregates spot quotes from top routes and RFQ relays, and built‑in analytics bring liquidation, OI, and funding signals into one screen. Backed by well‑known crypto investors and led by a team with deep trading and Solana infrastructure experience, Ranger is positioned to become a “command center” for on‑chain traders. As the RNGR token and full Ranger tokenomics roll out, expect governance and incentive design to tie platform use to ownership. For users comparing options across DeFi, NFTs, and gaming on Solana, Ranger’s approach—aggregate liquidity, standardized data, and clear routing—shows how a Solana-first app can scale into a broader multi‑market hub while keeping the user experience simple. (docs.ranger.finance)