PERP.WIKI

Rage Trade vs Silo Finance

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 Silo Finance Isolated lending markets ensuring risk containment for any token on HyperEVM on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Rage Trade and Silo Finance. 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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Silo Finance logo

Silo Finance

Silo Finance is an isolated lending market protocol where each asset gets its own lending silo, ensuring that a compromise in one market cannot cascade to others. By pairing each asset with a bridge asset (ETH or stablecoins), Silo achieves risk isolation while maintaining capital efficiency for borrowers. This architecture is particularly valuable on HyperEVM where newer Hyperliquid spot tokens carry varying risk profiles. Silo v2 introduces permissionless market creation with configurable interest rate models and liquidation mechanisms, enabling any project to deploy a lending market for their token on Hyperliquid. The protocol's battle-tested security model and isolation-first design make it attractive for long-tail asset markets that larger monolithic protocols cannot safely support. Silo's architecture allows the Hyperliquid ecosystem to support lending for any HIP-1 token without threatening the security of other markets.

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Feature Comparison

FeatureRage Trade logoRage TradeSilo Finance logoSilo Finance
LayerHyperCoreMulti-Layer
CategoryDecentralized ExchangesLending & Borrowing
StatusActiveActive
Launch Year2023
Websiterage.tradesilo.finance
Twitter@rage_trade
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
aggregatorperpsmulti-chainRAGE

Score Comparison

Rage TradeSilo Finance
Open Source
Rage Trade
Not public
Silo Finance
Not public
Verified
Rage Trade
Unverified
Silo Finance
Unverified
Ecosystem Breadth
Rage Trade
4 tags
Silo Finance
0 tags
Maturity
Rage Trade
Since 2023
Silo Finance
Unknown

Feature Matrix

FeatureRage Trade logoRage TradeSilo Finance logoSilo Finance
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

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

Category Focus

Rage Trade is focused on decentralized exchanges, while Silo Finance targets lending & borrowing. They serve different user needs within the Hyperliquid ecosystem.

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 Silo Finance if you...

  • Want a lending & borrowing solution on Multi-Layer
  • Need: Isolated lending markets ensuring risk containment for any token on HyperEVM

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.

Silo Finance logo

Silo Finance

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

Community Verdict

Which do you prefer?

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

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