An Ancient Pharaoh's Terminal ยท Epoch 36
The chain answers to the eye that watches it.
Live Ramses metrics on HyperEVM โ read-only, no wallet.
xRAM revenue calculator
Share of supply
of 368.90M effective xRAM
Weekly fees
โ
100% of voter rewards ยท pro-rata
Annualized
โ
7d ร 52, current run-rate
APR vs RAM
โ
annualized fees / value at spot
Total Value Locked
Live ยท 185 pools
$0.00M
24h+10.07%
7d+34.98%
24h Volume
$6.07M
7d $47.45M
24h Fees
$2,469
7d $23,620
Pools
185 / 47
gauged / total
Epoch 36
2d 20h remaining
59%
Elapsed
Turnout97.7%
Total votes360.26M
Top gauge74.0%
xRatio0%
Epoch Revenue (live)
$0
Voter rewards ยท swept + pending
Emission Cost
$0
1,797,572 RAM ร spot
Net Surplus
โ$0
Loss epoch ยท -165.7% margin
RAM Supply
230.39M
live (xRAM + circ, ex-burn)53.09% of minted
RAM Burned
203.57M
+809K this week46.91% of minted
Weekly Emission
$26.3K
1.80M RAM / wk-52.3% vs docs
Total Rewards / wk
$26.6K
LP emissions + team pre-funds (gateway on-chain rewardRate)~1.82M RAM
Market Intelligence AI
Loading intelligenceโฆ
Aggregated xRAM concentration
56.2%
Top 5 hold
Ramses Treasury
36.98%
DOG (Ramses Founder)
13.65%
Wavebender
1.93%
Amoon-Ram
1.80%
POL (Protocol Owned Liquidity)
1.78%
RAM supply composition
xRAM coll.42.50%
Circulating10.59%
Burned46.91%
Burn progress
58.2%
7d burn+0.81M
Avg / epoch5.50M
SourcexRAM penalties ยท convert burns
Sacred flame ยท the eternal tally
Total RAM burned ยท value at spot
$2.98M
๐ฎ
๐ฎ
Burned this epoch ยท Ep 36
$11.8K
809K RAM removed this week ยท 46.91% of all minted burned to date
4.1d of 7d
๐ The eye sees what others miss. Click it seven times to summon the Oracle. ๐
Emissions
Per-epoch emission curve
Realized mints vs the documented decay.ⓘ
Total Emitted
76.96M
$1.50M cumulative
This Week
1.80M
$26,270
Next Epoch (proj)
1.80M
ร 1.00 elasticity
Avg ฮ vs Docs
-52.3%
elasticity below curve
Weekly emissions
Economy
Valuation & revenue
FDV, market cap and protocol revenue โ live.ⓘ
01
Coverage Ratioi
fees รท emissions
Does the protocol earn more than it prints? A dollar of fees is real revenue; a dollar of emissions is printed supply. Above 1.0ร, it stands on its own cash flow.
Fees vs Emissions ยท Ramses
โรโ
02
Net APRi
nominal โ dilution
The real yield you actually keep โ your share, after the printing dilutes it. Positive only when the protocol out-earns its emissions.
Nominal โ Dilution ยท Ramses
โโ
โ%โ
real yield you keep, per year
03
Lock Carry Costi
emissions รท locked
What it costs to hold the lock โ the annual dilution you pay just to stay sequestered. When fee income beats the carry, the lock funds itself.
Per $1 locked / yr ยท Ramses
โ%โ
annual dilution to hold the lock
04
Lock Effectivenessi
locked รท fees / yr
Is the sink actually real? A P/E for the lock โ lower is better โ and whether fees, not printing, keep it filled.
Lock Multiple ยท Ramses
โรโ
$ locked per $1/yr of real fees ยท lower = better
Supply lockedโ
Marked atโ
RAM Price
$0.01461
DefiLlama ยท 24h-3.20%
FDV
$6.06M
368.9M xRAM + 45.9M RAM-3.20%
Circulating MC
$0.67M
45.9M free-float ร price-3.20%
Annualized Revenue
$0.96M
7d ร 52 ยท 24h-12.97%
Net Surplus / wk
โ$7.7K
fees โ emissionsdeficit
P/E (FDV)
6.28
FDV / annual rev
P/E (Circ MC)
0.70
Circ MC / annual revcheap
Net surplus this week ยท base
โ$7,719
-0.40M annualized ยท fees โ auto emissions
Revenue (7d)$18,551
โ Auto emission costโ$26,270
= Base surplusโ$7,719
Net surplus this week ยท strict
โ$7,999
$-0.42M annualized ยท after all rewards
Revenue (7d)$18,551
โ Auto emission costโ$26,270
โ Team manual rewardsโ$280
= Strict surplusโ$7,999
Net surplus epoch-to-date ยท base
โ$16,383
running this epoch ยท 4d in
Revenue since epoch start$9,888
โ Auto emission cost (full)โ$26,270
= Base surplusโ$16,383
Net surplus epoch-to-date ยท strict
โ$16,663
after all rewards ยท 4d in
Revenue since epoch start$9,888
โ Auto emission costโ$26,270
โ Team manual rewardsโ$280
= Strict surplusโ$16,663
Revenue vs Emissions ยท per epoch
๐น Voter Revenue ยท Epoch 36
Fees earned by voters
Swap fees collected by xRAM voters โ by day, epoch and pool.ⓘ
Epoch 36 ยท projected close
$16,813
$2,402 / day pace
-21.7% vs Ep 35
๐
Ramses AutoVaultⓘ
stake xRAM ยท auto-voted
Deposit your xRAM once. The vault votes the best gauges every epoch and pays you real fees โ in the token you choose.
xRAM staking ยท fee APR
$HYPE$USDC$USDT0
22%
voter-fee APR~-2% net, after emission dilution
In the vault
211.5M xRAM
Value
~$2.8M
Stakers
162
Buy RAMswap USDC โ RAM, then stake โ
โ
Last 24h
$1,852
+357.5% vs yesterday close
rolling ยท live 24h fees ร voter share
as of 10s ago
Trailing 7d
$16,099
$2,300 / day avg
Trailing 30d
$108,565
$3,619 / day avg
Annualized ยท projected
$0.87M
current epoch pace ร 52
Best epoch ever
$129,429
Ep 1 ยท avg $41,930/epoch
All-time revenue
$1.58M
35 epochs ยท since launch
Daily voter fees
Best day to earn
Top revenue pools
| # | Pair | Voter rev | 24h fees | TVL |
|---|---|---|---|---|
| 01 | WHYPE/USDC | $7,964 | $1,715 | $1,733,057 |
| 02 | USDC/UETH | $791 | $197 | $329,193 |
| 03 | WHYPE/USDโฎ0 | $708 | $170 | $112,475 |
| 04 | UBTC/UETH | $185 | $123 | $305,679 |
| 05 | USDC/USDโฎ0 | $71 | $70 | $554,796 |
| 06 | UBTC/USDC | $47 | $10 | $93,782 |
| 07 | hyperRAM/fBOMB | $47 | $7 | $203,687 |
| 08 | WHYPE/RAM | $37 | $5 | $18,266 |
| 09 | WHYPE/kHYPE | $17 | $7 | $1,239,787 |
| 10 | WHYPE/UBTC | $9 | $1 | $18,216 |
Voter fees by epoch
๐
Competition ยท HyperEVM
Ramses vs Nest
x(3,3) vs ve(3,3), head to head.ⓘ
01
Coverage Ratioi
fees รท emissions
Does the protocol earn more than it prints? A dollar of fees is real revenue; a dollar of emissions is printed supply. Above 1.0ร, it stands on its own cash flow.
Fees vs Emissions ยท
โรโ
02
Net APRi
nominal โ dilution
The real yield you actually keep โ your share, after the printing dilutes it. Positive only when the protocol out-earns its emissions.
Nominal โ Dilution ยท
โโ
โ%โ
real yield you keep, per year
03
Lock Carry Costi
emissions รท locked
What it costs to hold the lock โ the annual dilution you pay just to stay sequestered. When fee income beats the carry, the lock funds itself.
Per $1 locked / yr ยท
โ%โ
annual dilution to hold the lock
Burned / epochโ
Net supply changeโ
04
Lock Effectivenessi
locked รท fees / yr
Is the sink actually real? A P/E for the lock โ lower is better โ and whether fees, not printing, keep it filled.
Lock Multiple ยท
โรโ
$ locked per $1/yr of real fees ยท lower = better
Supply lockedโ
Marked atโ
Burned / epochโ
Net supply changeโ
๐ฎ
Supply Impacti
emitted โ sequestered
What actually leaves the float โ burned forever, escrowed, or time-locked. Above 1.0ร, the protocol removes more than it prints and the supply shrinks.
What leaves the float ยท
โรโ
Net float changeโ
Different mechanisms. Ramses sequesters at mint โ every lock burns half the RAM (gone for good) and escrows half (redeemable at 50%). Nest time-locks NEST, which returns to circulation when locks expire (โค6 months). Both cut sell pressure โ but only Ramses' burn permanently lowers the supply ceiling.
๐ญ
Holder Distributioni
top 10 รท supply
How concentrated is the holder base? The fewer hands at the top, the lower the dump risk โ and the healthier the float.
xRAM holder base ยท user-side
Top 1 ยท โ
Top 2โ5 ยท โ
Top 6โ10 ยท โ
Other ยท โ
โ%โ
held by the top 10 wallets ยท โ
Holders
โ
wallets
Top holder
โ
โ
Top 5 share
โ
of supply
Control concentration, not liquidity. User-side removes Ramses Treasury / POL and the non-decomposed HYPE Engine Safe (keeps user-attributed HYPE Engine Vault); System-wide includes those protocol-controlled buckets. Ramses = effective xRAM by owner (direct + VoteModule + AutoVault + hyperRAM-eq + LP hRAM-eq); Nest = veNEST underlying by owner. Top 1 / 5 / 10 use the matching denominator for the selected view.
RAMSES
NEST
ฮ
TVL
$5.74M
$15.26M
-62%
24h Volume
$6.07M
$6.06M
+0%
24h Fees
$1,852
$2,906
-36%
Fees ยท last epoch
$21,394
$55,314
-61%
Emission cost ยท last epoch
$23,851
$79,218
-70%
Capital turnover (24h)
1.06x
0.40x
+166%
Fees vs emissions ยท last 10 epochs
Ramses
Nest
Lock mechanics & governance
RAMSES xRAM
Lock durationNone โ non-transferable
Voting power1 xRAM = 1 vote, no decay
ExitInstantExit (burn for RAM, penalty)
Fee accrual100% of swap fees โ voters
Epoch length7d (Thu 00:00 UTC โ Wed 23:00 UTC)
Emission decayBuilt into Minter contract
NEST veNEST
Lock durationUp to 6 months
Voting powerLinear: NEST ร (months/6)
ExitWait for lock expiry, no early exit
Fee accrualSplit: LPs / voters / treasury
Epoch length7d (Thu 00:00 UTC โ Wed 23:00 UTC)
Decay~4% / epoch unless re-locked
Where Nest's emissions are going
| # | Pair | TVL | APR (reward) | Weekly emission ($) |
|---|---|---|---|---|
| 01 | WHYPE-USDC | $5,909,040 | 39% | $44,259 |
| 02 | WHYPE-UBTC | $1,746,410 | 33% | $11,186 |
| 03 | WHYPE-UETH | $429,855 | 47% | $3,925 |
| 04 | NEST-WHYPE | $438,337 | 37% | $3,077 |
| 05 | WHYPE-kHYPE | $3,895,399 | 4% | $3,014 |
| 06 | NEST-USDC | $75,267 | 181% | $2,616 |
| 07 | WHYPE-USDT0 | $263,315 | 39% | $1,958 |
| 08 | DRV-USDC | $154,890 | 59% | $1,753 |
๐ฟ WHYPE / USDC ยท LP Comparison
Where should you add liquidity?
Pick a size and range โ we project in-range LP yield (emissions + any shared fees) on Ramses vs Nest, net of LVR, live.ⓘ
Ramses Fee
โ
x(3,3) ยท dynamic, this cycle
Nest Fee
โ
ve(3,3) ยท dynamic, this cycle
Pair price
Current: โ
40.00% wide
RAMSES
x(3,3)
In range (while active)
โ
Pre-add UX APR: โ
Net yield after LVR
โ
LP yield โ โ LVR โ
โ per epoch
ยท
โ + โ
Add Liquidity โ
NEST
ve(3,3)
In range (while active)
โ
Pre-add UX APR: โ
Net yield after LVR
โ
LP yield โ โ LVR โ
โ per epoch
ยท
โ + โ
Add Liquidity โ
LVR โ ฮป ยท ฯยฒโ8 ยท for your selected range โ emissions go to LPs, fees go to voters
Aggregated CL orderbook ยท by initialized tick
Liquidity at each selected pool price tick
RAMSES active liquidity by tick
| Price | Total |
|---|---|
Loading tick liquidityโฆ | |
NEST active liquidity by tick
| Price | Total |
|---|---|
Loading tick liquidityโฆ | |
Liquidity providers ยท by position USD
Who holds this pool's liquidity
LPs at price
$
โ type a price or click a row in the liquidity book above
Loading LPsโฆ
Gauges ยท Liquidity Map
185 pools
47 gauged ยท top gauge takes 74.0% of this epoch's emissions.
Top pool share
73.99%
WHYPE/USDC
Top gauge reward
1330K
RAM / week
Total gauges
47
1:1 with pools
Gini (votes)
0.84
0 even ยท 1 winner-take-allhigh
All pools
| # | Pair / Pool | Gauge | Fee | TVL | Votes | RAM/wk | +Team | Total $/wk | Share |
|---|
Robinhood chain ยท CL
| # | Pair / Pool | Fee | Tick spacing | TVL | Explorer |
|---|
Robinhood chain ยท DLMM
| # | Pair / Pool | Bin step | TVL | Vol 24h | Fees 24h | Fee APRⓘ | LP share | Explorer |
|---|
Governance ยท Epoch 36
360M xRAM voting this epoch
Turnout 97.7% of supply โ emissions follow the votes.
Voter turnout
97.7%
of 368.9M xRAM
Total votes
360.26M
xRAM-weighted
Top gauge
73.99%
WHYPE/USDC
xRatio
0%
emissions paid as RAM
Gauge race ยท top 12
Full breakdown
| # | Pair | Gauge | Votes | RAM/wk | Share |
|---|
Holders
Holders
Every address and its full holdings โ direct xRAM, staked, AutoVault, hyperRAM & LP. Search any address to find yourself. ยท 368.90M effective xRAM across every form.ⓘ
Top buyers
epoch 36
1
0xF20Aโฆ283a
+2.13Mโ $31,187
2
DOG (Ramses Founder)
+286.75Kโ $4,191
3
0x141dโฆ2b95
+194.02Kโ $2,836
Active xRAM holders
1,124
โฒ +4
net this epoch
Buying this epoch
13
wallets acquired xRAM2 sold
New holders this epoch
+4
first-time xRAM owners
Total holders ever
597
unique entrants since TGE
๐ฝ Anti-dilution ยท hold your share
If I hold
xRAM
I must keep acquiring
โ / epoch to keep my share
โ net APR
โ โ / epoch
โ dilution
โ net / epoch
๐ฝ
Holder growth ยท per epoch
Aggregated holdings ยท all
| # | Address | Total xRAM | ฮ 7d | Share |
|---|
Total supply
230.39M
live (xRAM + circ, ex-burn)53.09% of minted
Circulating MC
$0.67M
45.9M free-float ร spot
Holders
1,652
unique addresses
Top holder share
80.06%
xRAM contract (protocol collateral)
RAM holders
| # | Address | Amount | Share |
|---|
Total xRAM
368.90M
governance token ยท non-transferable
RAM collateral
184.45M
held by xRAM contract
Holders
313
unique addresses
Top holder share
0.01%
0x4D7aโฆ4Be4
xRAM holders
| # | Address | Amount | Share |
|---|
hyperRAM supply
99.02M
liquid staking token
LST rate
1.3805
xRAM per hyperRAM
Holders
530
unique addresses
Top holder share
36.85%
DOG (Ramses Founder)
hRAM in LP
10.15M
across 23 Ramses pools10.2% of supply
xRAM-eq locked as LP
14.01M
hRAM ร LST rate (1.3805)
LP value
$204,697
at RAM spot
hyperRAM holders
| # | Address | Amount | Share |
|---|
Total staked
211.52M
xRAM in AutoVault
Active stakers
162
positive balance
Lifetime depositors
246
incl. withdrawn
AutoVault stakers
| # | Address | Balance | Output Pref | Share |
|---|
hyperRAM sold ยท today
โ
โโ
๐ฉธ Shame List ยท hyperRAM sellers
| # | Address | Rank now | hRAM sold | โ USD | swaps | into |
|---|
๐ Tokens ยท RAM
The emissions token.
Tradable on HyperEVM DEXes. Half of every Convert is burned โ structurally deflationary as xRAM grows.
Price
$0.01461
DefiLlama ยท 24h-3.20%
Live Supply
230.39M
xRAM coll + free-float
Free-float
45.94M
circulating outside xRAM
Burned
203.57M
removed from supply
DEX trading
24h Volume
$0.01M
total swap activity
7d Volume
$0.15M
cumulative weekly
24h Fees
$128
fees โ voter rewards
Top pair
RAM/USDC
$1,797 24h
๐ Note: Per-address RAM buy/sell tracking (ERC20 Transfer event scan) is not yet indexed โ only pool-level swap volumes from the Ramses gateway are shown above. Coming when the RAM Transfer event indexer is added.
๐ Tokens ยท xRAM
The lord of governance.
Non-transferable claim capturing 100% of trading fees. Mint via convert, exit via burn (penalty applies).
Total Supply
368.90M
non-transferable governance
RAM Collateral
184.45M
held by xRAM contract50.0%
Net Supply ฮ (7d)
+1434.8K
converts โ exits
Holders
313
unique addresses
๐ xRAM acquisition optimizeri
ABuy RAM & convert
โ xRAM
โ $/xRAMยทโ impact
BBuy hyperRAM & redeem
โ xRAM
โ $/xRAMยทโ impact
โ
Mint & exit activity
โ Converts (RAM โ xRAM mint)
Last 24h
+12.5K xRAM
5 txs
Last 7 days
+1434.8K xRAM
32 txs
๐ฎ Instant exits (xRAM burn โ RAM)
Last 24h
โ0.0K xRAM
0 txs
Last 7 days
โ0.0K xRAM
0 txs
Conversion flow
Converted RAM โ xRAM+ 7344.11K
Instant-exit (50% penalty)โ 17.31K
Vested redemptionsโ 0.00K
Net change+ 7326.80K
Effective collateral ratio50.00%
Vest period15 โ 90 days
Live event feed
๐ Tokens ยท hyperRAM
The liquid staking token.
A tradable LST wrapping xRAM. Backing grows as the underlying xRAM accrues voter rewards via AutoVault. Mint by depositing xRAM, redeem at the current rate.
Total Supply
99.02M
liquid staking token (LST)
LST Rate
1.3805
xRAM per 1 hyperRAM
Pools
23
DEX pairs trading hRAM
Holders
530
unique addresses
Redeem & mint values
โข Redeem (1 hRAM โ xRAM)
1.3805
xRAM
โ $0.02018 USD per hRAM
โ Mint (1 xRAM cost in hRAM)
0.7244
hRAM
โ $0.01059 USD to acquire 1 xRAM-eq via wrap
Live event feed ยท hRAM buys & sells
Market activity
24h Volume
$4,939
across 23 pools
7d Volume
$0.1M
cumulative weekly
Buys (24h)
80
252K hRAM acquired via pools
Sells (24h)
40
203K hRAM sent to pools
Buys (7d)
1419
6.0M hRAM acquired
Sells (7d)
839
7.4M hRAM sold
Top pool
hyperRAM/USDC
$1,655 24h vol
7d Fees
$2,016
generated by hRAM pools
Deflation
203.57M RAM burned
Lifetime burns โ 153.6M one-time TGE rebalance + 49.95M ongoing from converts & redeems.
Total RAM burned
203.57M
lifetime ยท incl. TGE init58.16% of 350M
User-driven burns
49.95M
epoch 1 โ now ยท convert/redeem activity14.27% of 350M
This week burn
$11.8K
809K RAM this epoch
Avg user burn / epoch
1.39M
RAM per epoch (post-TGE)
Total burned ยท value at spot
$2.98M
๐ฎ
๐ฎ
Burned this epoch ยท Ep 36
$11.8K
809K RAM removed this week ยท 46.91% of all minted burned to date
4.1d of 7d