PERP.WIKI

Rage Trade vs Katoshi

Hyperliquid ecosystem comparison · Decentralized Exchanges

Best for Swaps
Different Focus Areas

Quick Take

Rage Trade Multi-chain perp aggregator — 1inch for perpetuals on HyperCore, while Katoshi AI-powered trading automation engine built exclusively for Hyperliquid on HyperCore. They serve different niches in the Hyperliquid ecosystem.

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

Overview

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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Katoshi logo

Katoshi

Katoshi is the premier trading automation engine built exclusively for Hyperliquid, enabling traders to build, deploy, and manage algorithmic strategies with millisecond precision and zero downtime. Trusted by thousands of active traders, Katoshi abstracts the complexity of algorithmic execution into an accessible platform that requires no deep coding expertise. At its core, Katoshi offers a complete automation toolkit: receive signals from TradingView, fire webhooks and custom API triggers, or deploy fully autonomous AI trading agents that react to market conditions in real-time. The platform also supports MCP (Model Context Protocol) integrations, putting cutting-edge AI-driven execution within reach of any trader. Katoshi's deep native integration with Hyperliquid means bots can tap directly into one of crypto's fastest and most liquid on-chain order books, accessing perpetuals across hundreds of markets with minimal slippage. Whether automating a simple RSI crossover strategy or running a multi-leg algorithmic portfolio, Katoshi provides reliable infrastructure to scale it. Built from the ground up for Hyperliquid's architecture, it has become the go-to automation layer for retail traders and institutional desks operating in the ecosystem.

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Feature Comparison

FeatureRage Trade logoRage TradeKatoshi logoKatoshi
LayerHyperCoreHyperCore
CategoryDecentralized ExchangesTrading Bots & Automation
StatusActiveActive
Launch Year20232025
Websiterage.tradekatoshi.ai
Twitter@rage_trade@KatoshiAI
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
aggregatorperpsmulti-chainRAGE
AIautomationtrading-agentsnon-custodial

Score Comparison

Rage TradeKatoshi
Open Source
Rage Trade
Not public
Katoshi
Not public
Verified
Rage Trade
Unverified
Katoshi
Unverified
Ecosystem Breadth
Rage Trade
4 tags
Katoshi
4 tags
Maturity
Rage Trade
Since 2023
Katoshi
Since 2025

Feature Matrix

FeatureRage Trade logoRage TradeKatoshi logoKatoshi
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Category Focus

Rage Trade is focused on decentralized exchanges, while Katoshi targets trading bots & automation. They serve different user needs within the Hyperliquid ecosystem.

Unique Features

Rage Trade is distinguished by: aggregator, perps, multi-chain, RAGE. Katoshi stands out with: AI, automation, trading-agents, non-custodial.

Market Timing

Rage Trade launched first in 2023, giving it a head start. Katoshi entered later in 2025, potentially with the benefit of learning from earlier entrants.

When to Use Each

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

Choose Katoshi if you...

  • Want a trading bots & automation solution on HyperCore
  • Need features like AI and automation
  • Need: AI-powered trading automation engine built exclusively for Hyperliquid

Ecosystem Integration

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.

Katoshi logo

Katoshi

Katoshi 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.

Both protocols share the same layer, maximizing composability potential.

Community Verdict

Which do you prefer?

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

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