PERP.WIKI

Gauntlet vs Rage Trade

Hyperliquid ecosystem comparison · Analytics & Data

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Different Focus Areas

Quick Take

Gauntlet Financial risk modeling and protocol optimization for DeFi protocols on HyperEVM on Multi-Layer, while Rage Trade Multi-chain perp aggregator — 1inch for perpetuals on HyperCore. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Gauntlet and Rage Trade. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

Gauntlet

Gauntlet is a financial risk management and protocol optimization platform that uses agent-based market simulations to stress-test DeFi protocols and optimize their economic parameters. As protocols in the Hyperliquid ecosystem scale their TVL in lending markets and liquidity vaults, Gauntlet's simulation engine models adversarial behaviors, market crashes, and oracle manipulation scenarios to identify parameter configurations that maximize capital efficiency while minimizing insolvency risk. Gauntlet provides ongoing risk management services—continuously updating protocol parameters like liquidation bonuses, borrow caps, and collateral ratios in response to changing market conditions. With a track record managing billions in risk across Aave, Compound, and other top DeFi protocols, Gauntlet brings institutional-grade risk science to the growing Hyperliquid DeFi ecosystem. Protocols that engage Gauntlet signal commitment to sustainable, risk-managed growth rather than aggressive TVL maximization at the expense of security.

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Rage Trade logo

Rage Trade

Rage Trade is a multi-chain perpetual aggregator that transforms on-chain derivatives trading by intelligently routing orders across leading protocols including GMX, Synthetix, dYdX, Aevo, and Hyperliquid. Rather than locking traders into a single venue's liquidity and pricing, Rage Trade acts as a smart order router — comparing prices, funding rates, and available incentives in real-time to surface the optimal execution path for every trade. The protocol combines the familiar convenience of centralized exchange interfaces with the transparency and self-custody guarantees of decentralized platforms. Traders no longer need to manually monitor multiple protocols or manage accounts across different chains — Rage Trade unifies the fragmented perpetuals landscape into one seamless experience. Hyperliquid's inclusion as a core routing destination brings unmatched execution speed and capital efficiency to the aggregator. With its native token and growing DeFi integrations, Rage Trade serves both active traders seeking best execution and yield-oriented users looking to capitalize on funding rate differentials and protocol incentives across the multi-chain perpetuals market.

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Feature Comparison

FeatureGauntletRage Trade logoRage Trade
LayerMulti-LayerHyperCore
CategoryAnalytics & DataDecentralized Exchanges
StatusActiveActive
Launch Year2023
Websitegauntlet.xyzrage.trade
Twitter@rage_trade
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
aggregatorperpsmulti-chainRAGE

Score Comparison

GauntletRage Trade
Open Source
Gauntlet
Not public
Rage Trade
Not public
Verified
Gauntlet
Unverified
Rage Trade
Unverified
Ecosystem Breadth
Gauntlet
0 tags
Rage Trade
4 tags
Maturity
Gauntlet
Unknown
Rage Trade
Since 2023

Feature Matrix

FeatureGauntletRage Trade logoRage Trade
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

Gauntlet operates on Multi-Layer (spans multiple hyperliquid layers), while Rage Trade runs on HyperCore (native on-chain perpetual orderbook). This affects composability, transaction speed, and the types of integrations each protocol supports.

Category Focus

Gauntlet is focused on analytics & data, while Rage Trade targets decentralized exchanges. They serve different user needs within the Hyperliquid ecosystem.

When to Use Each

Choose Gauntlet if you...

  • Want a analytics & data solution on Multi-Layer
  • Need: Financial risk modeling and protocol optimization for DeFi protocols on HyperEVM

Choose Rage Trade if you...

  • Want a decentralized exchanges solution on HyperCore
  • Need features like aggregator and perps
  • Need: Multi-chain perp aggregator — 1inch for perpetuals

Ecosystem Integration

Gauntlet

Gauntlet operates on Multi-Layer (spans multiple hyperliquid layers). Spanning multiple layers lets it combine the strengths of each, though integration complexity is higher.

Rage Trade logo

Rage Trade

Rage Trade operates on HyperCore (native on-chain perpetual orderbook). Running on HyperCore gives it direct access to the native orderbook with minimal latency and maximum throughput.

Community Verdict

Which do you prefer?

Share your experience with Gauntlet or Rage Trade to help others in the Hyperliquid community make better decisions.

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