Rage Trade will issue RAGE tokens on the Layer1 blockchain Hyperliquid.

ChainCatcher news, according to CoinDesk, the decentralized exchange perpetual aggregator Rage Trade announced plans to launch a new token (RAGE) on August 7 through a liquidity generation event and a token sale hosted on Fjord Foundry. The token will be built on the recently launched Layer1 blockchain Hyperliquid.

Rage Trade currently integrates GMX, Synthetix, Dydx, Aevo, and Hyperliquid. It aims to allow traders to manage positions across multiple chains and earn rewards on each chain.