Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.00% | 6.94% | 18.21% | 66.06% | 66.81% | 75.71% |
Revenue & Burn
Protocol income
$4.32KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $4.32K | -- | -- | -- |
| Sep 2026 | $6.7K | -- | -- | -- |
| Aug 2026 | $5.17K | -- | -- | -- |
| Jul 2026 | $10.49K | -- | -- | -- |
| Jun 2026 | $16.1K | -- | -- | -- |
| May 2026 | $19.42K | -- | -- | -- |
Comparison
Fundraising
Sub Organizations
Tokenomics
Unlock Progress
Unlock Event
| Date | Unlocked Token Amount | Unlocked M.Cap | M.Cap (%) | Allocation |
|---|---|---|---|---|
| Nov 19, 2026 | 1.22M RTX | $292.63K | 7.02% | 1 Allocation |
| Dec 19, 2026 | 6.53M RTX | $1.55M | 37.32% | 4 Allocation |
| Jan 19, 2027 | 2.48M RTX | $592.67K | 14.21% | 3 Allocation |
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x4421...5a72 |   RTX | 35,000,000 | 35% | $8.34M |
| 0x4cad...1f17 | RTX | 1,951,291.31 | 1.95% | $465.14K |
| 0xf916...8bfa | RTX | 895,467.22 | 0.9% | $213.45K |
Follow Updates
Follow Lists
People
About RateX
RateX is a yield trading protocol on Solana and BNB Chain that splits a yield-bearing asset in two: principal tokens (PT) redeem at face value at maturity, yield tokens (YT) carry the interest in between, and the two trade separately at prices set by a time-decaying AMM curve. A separate product, Mooncake, offers leverage without liquidation, letting users borrow to amplify yield exposure without being forcibly closed. It targets the absence of a market for yield itself, where most holders simply accept a rate and cannot bet on or hedge it.
Splitting yield out creates tools for fixed-rate lending, rate hedging and term arbitrage, which is the main difference from an ordinary lending market. The risk comes from the same structure: PT and YT pricing depends heavily on the stability of the underlying yield source, and if a lending market's rate collapses or bad debt appears, YT can go to zero quickly; the decay curve is steepest in the final days before maturity, and slippage widens when liquidity is thin. Third-party reviews appeared in May and August 2026 and the product runs on both chains, but yield sources remain concentrated in a few venues.
RateX completed its seed round with participation from GSR and SNZ Holdings. It later raised $7 million in new funding backed by Animoca Ventures and others. As a Solana-based leveraged synthetic yield protocol, RateX unveiled its token economic model with a 6.66% Q1 airdrop. Binance Alpha launched on RateX on December 19.
Token unlock: At 09:00 Beijing time on September 19, RateX unlocked about 2.81 million RTX, valued at roughly $1.98 million using September 12 data; the batch equaled 2.81% of the 100 million maximum supply.
RateX launched V2 in 2026, widening leveraged yield trading from BTC/ETH into an open leveraged market that can be built on any yield-bearing asset, and planning permissionless leveraged token markets around its Mooncake sub-protocol: users who stake RTX can create new leveraged token markets and share their trading fee revenue. The protocol uses a time-decay AMM, supports combined Yield Token (YT) trades at up to 10x leverage, and has integrated with Jupiter, Jito, Ethena and others for real yield sources and liquidity; it has also enabled buybacks, using up to 30% of ecosystem revenue to repurchase RTX on the open market.
RateX plans to launch permissionless market creation on Mooncake, expand cross-chain to Ethereum L2s and modular chains, and integrate more yield-bearing assets (YBA); deliver token utility in 2026-2027, with the buyback mechanism forming sustained demand as protocol revenue grows; and once the token layer is active, establish DAO-led governance that ties token value directly to real protocol usage fees.
Sean Hu — Founder & CEO; Hong Kong-based, with a traditional finance background as a former portfolio manager and trader; founded RateX in January 2024.