Ramses (RAM): Uses, Supply and Risks

Ramses is a decentralized exchange and concentrated-liquidity protocol. Its project description places it on HyperEVM and says its exchange is based on Uniswap V3, with added features such as dynamic fees and accounting intended to track the active liquidity in each position. Concentrated liquidity lets liquidity providers choose price ranges for their funds rather than spreading them across every possible price. This can make funds more efficient, but it also means providers may need to manage positions as prices move.

Ramses describes its incentive approach as x(3,3), a variation on the ve(3,3) model. It also describes features for MEV capture and cross-venue arbitrage. These are protocol design claims, not guarantees of returns or protection from trading risks. Public sources do not establish that RAM itself is required to use every Ramses feature.

RAM is the token associated with Ramses. The project description focuses on the exchange and its x(3,3) model, but does not clearly specify the token’s full utility, such as whether it grants governance rights or a claim on fees. Do not assume that holding RAM automatically provides either. Check current project documentation for the rules governing any token incentives or voting before relying on them.

RAM is also distinct from the assets traded in a Ramses pool and from liquidity-provider positions. A token’s connection to an exchange does not by itself mean its value tracks trading volume or protocol revenue. If you interact with Ramses, review the pool, position and transaction details separately from the RAM token’s terms. On-chain activity can involve fees, slippage and smart-contract risks even when the token and exchange share a name.

As of 2026-11-05, RAM’s price was about $0.038 and its market capitalization about $3.3 million. Its fully diluted valuation was about $9.5 million. These figures change with market prices and token supply, so treat them as a dated snapshot rather than a current quote or forecast. The token had a reported all-time high of about $0.306 on 2026-08-31 and an all-time low of about $0.0076 on 2026-04-22; past prices do not indicate future performance.

Reported circulating supply was about 86.1 million RAM, with total supply around 249.3 million and a stated maximum supply of 1 billion. Circulating supply is the amount counted as circulating, while total and maximum supply describe different measures of tokens issued or potentially available. Public sources do not detail the release schedule or allocation of remaining tokens. Changes in circulating supply can affect market conditions, and market capitalization does not indicate how easily a large amount can be sold.

Public sources list RAM on Hyperliquid L1 and Robinhood Chain, while the Ramses project description says the exchange is built on HyperEVM. These labels may refer to different deployments or token representations, so confirm the exact network and contract address through Ramses’ official materials before sending or swapping RAM. Do not assume a token with the same name on another network is interchangeable; using the wrong network or address can result in a permanent loss.

RAM and Ramses carry risks common to DeFi tokens and exchanges. RAM’s price can be volatile, and the project’s concentrated-liquidity pools can expose providers to losses relative to simply holding assets. Smart-contract bugs, oracle or execution issues, low liquidity, changes in incentives, and cross-chain or bridge problems may also affect users. Store RAM only in a wallet that supports the correct network, protect its recovery phrase offline, and never share it. A hardware wallet can reduce exposure to some online threats, but it cannot prevent contract or market losses.