Imagine executing high-leverage trades on a decentralized exchange without worrying about gas fees eating into your profits. Sounds like a dream, right? Well, turn that dream into reality with RabbitX. This revolutionary platform is breaking barriers in the DeFi space, offering an astounding 20X leverage with zero gas fees.
Fasten your seatbelts as we delve into an in-depth review of RabbitX, the game-changer you’ve been waiting for in the cryptocurrency world.
What is RabbitX?

RabbitX is a global, secure, and liquid derivatives exchange on Starknet, aiming to transform the financial system with transparency and speed. It is a permissionless perpetuals exchange on Starknet that is focused on building a secure and liquid global derivatives network. It Offers 24/7 access to global markets with 20x leverage. Because it utilizes ZK-STARK technology, the platform is known for its speed and zero gas fees.
RabbitX’s goal was to provide price transparency, instant settlements, and automated clearing for derivatives trading. On top of the ZK-STARK technology, the platform utilizes a hybrid order book for speed and on-chain settlements for security. The company plans to expand into various asset classes, including exotic crypto-native derivatives, interest rates, and FX trading.
RabbitX was founded in 2021, originally as Strips Finance, but later rebranded as RabbitX. Backed by prominent investors, including Sequoia Capital US, Multicoin Capital, and Crypto.com, the protocol aims to accelerate the development of a transparent financial system.
In terms of speed, RabbitX is one of the fastest DEXs globally. It ensures security by settling transactions on Starknet before broadcasting them on Ethereum. Despite gaining popularity rapidly, the platform is still restricted in U.S. residents.
RabbitX Chart Trader
Powerful Chart Trader tool designed for active traders, streamlining trading with visual analysis and quick actions. It empowers traders to focus on profitable decisions and minimize losing trades. The feature is available to all RabbitX users right on the trading page.
Features of the Chart Trader
- 🎯Visualize and Strategize: Easily initiate trades by right-clicking on the chart for precise order placement.
- ⚙️💼 Amend Orders with Ease: Swiftly adapt to market changes by dragging and dropping orders on the chart.
- 🚫❌ Cancel Orders Instantly: Manage trading activity efficiently by canceling orders directly from the chart.
- 💹📊 Position Entry Price and Size: Monitor positions on the chart for informed real-time decisions.
- 🔍📈 Long and Short Indicators: Clearly identify long and short positions on the chart.
Deposits and Withdrawals
RabbitX uses Ethereum layer 1 for deposits but settles on Starknet layer 2. They accept only ERC-20 USDT for deposits and have specific withdrawal procedures. The platform also employs an L1 <-> L2 link for seamless backend processing.
RabbitX exclusively accepts ERC-20 USDT for Ethereum deposits and therefore, sending other coins will result in irrevocable loss.
To deposit funds on RabbitX, simply connect your wallet to RabbitX, click on ‘Deposit’, enter the amount of USDT you want to deposit, and click on ‘Deposit USDT’. Deposits require a minimum of 16 on-chain confirmations, which typically takes 3-6 minutes.
To see Deposits and withdrawals history, head over to the “Transfers” section. The RabbitX support team is always active and hence, for any deposit issues, you can easily contact their Discord support channel.
One downside of Starknet is the slow bridging to Ethereum mainnet. For this reason, RabbitX withdrawals may take up to 6 hours to confirm.
Additional Features
Insurance Fund
RabbitX Insurance Fund ensures that when its equity drops below zero, opposing positions are auto-deleveraged. This is an effort made to minimize the impact on the traders and rescue their capital.
Liquidity Incentive Program
RabbitX’s Liquidity Incentive Program aims to attract liquidity providers with enticing rewards and enhance the exchange’s overall liquidity, benefiting traders and the platform’s stability.
7.5% of RabbitX’s initial token supply (75,000,000 RBX) will be distributed to Liquidity Providers (LPs) over two years based on metrics like spread, depth, and uptime. LPs must have maker volumes greater than 2% of the total exchange maker volume and maintain a minimum uptime of 90% each month to participate. Liquidity on RabbitX benefits traders by reducing slippage, attracting more users, and enhancing market stability.
It is worth noting that LPs in this program won’t be eligible for other rewards such as airdrops or trading rewards and won’t count toward referral rewards. Additionally, token rewards earned have a 3-month vesting period and will be distributed 30 days after each epoch.
RabbitX (RBX) Tokenomics

- 📊 The current price of RabbitX (RBX) is $0.03306384 (as of August 31, 2023, 11:20 AM UTC), marking a -1.69% decrease in the last 24 hours and a -5.18% decrease in the past week.
- 💰 RabbitX’s market cap is $4,742,529 with a circulating supply of 140 million RBX tokens.
- 🔄 You can trade RBX on decentralized exchanges, with Uniswap V3 (Ethereum) being the most popular, boasting a trading volume of $5,302.86 in the last 24 hours.
- 📈 The 24-hour trading volume for RBX has increased by 6.30% compared to one day ago.
- 🚀 The all-time high for RBX was $0.105188, recorded on May 08, 2023, representing a -68.58% decrease from the current price.
- 📉 The all-time low for RBX was $0.03168930, noted on Aug 17, 2023, which is 4.29% lower than the current price.
- 💹 The fully diluted valuation (FDV) of RBX stands at $33,079,276, based on a theoretical 1 billion ETH tokens in circulation.
- 📉 RBX has underperformed the global cryptocurrency market in the last 7 days, with a -5.20% price decline, while similar Ethereum Ecosystem cryptocurrencies have risen by 12.70%.
- 📊 There are no votes on RabbitX (RBX) today regarding market sentiment.
- 🛡️ To add RBX to MetaMask, you can manually import RBX’s contract address (0x3ba925fdeae6b46d0bb4d424d829982cb2f7309e) or use MetaMask’s CoinGecko extension for one-click addition.

Vincent Munene is a freelance writer and a great blockchain enthusiast. Blockchain has changed his life in terms of financial freedom and in return, he likes to educate people and keep them up to date on everything blockchain. He is a Biochemist by profession and also loves to play the piano.