Ramses V3 (HyperEVM)

Ramses V3 (HyperEVM) is a decentralized exchange (DEX) that operates on multiple chains, including Hyperliquid L1, Polygon, and Arbitrum. With a Total Value Locked (TVL) of $6.6M and 24h Trading Volume of $7.1M, Ramses V3 has established itself as a notable player in the DeFi space. Founded in 2025, the platform has been actively developing and expanding its features, including the introduction of xRAM, a token designed to address sustainability challenges in ve(3,3) models.

Ramses V3's competitive moat lies in its multi-chain support and innovative features. The platform's on-chain dynamic fee algorithm adjusts swap fees in real-time based on market conditions, protecting liquidity providers during times of high volatility. Additionally, Ramses V3's MEV capture module ensures that value is redistributed back to protocol participants, increasing capital efficiency.

Ramses V3's product modules include Swap, Pools, and Staking. The Swap module allows users to trade assets across multiple chains, while Pools enable users to provide liquidity and earn rewards. The Staking module allows users to stake their xRAM tokens to earn 100% of protocol fees and vote incentives. Notably, Ramses V3's hyperRAM feature enables deeper protocol integration and enhanced yield opportunities for participants.

Ramses V3 has a significant presence on Hyperliquid L1, with $4.6M (70.6%) of its TVL concentrated on this chain. Polygon and Arbitrum also have notable TVLs, with $1.7M (26.0%) and $227.4K (3.5%), respectively. This multi-chain strategy allows Ramses V3 to expand its reach and tap into different markets.

• Primary function: Decentralized exchange (DEX) with multi-chain support - Ecosystem positioning: Competitive DEX with innovative features - User demographics: DeFi users and liquidity providers - Security posture: Audited by reputable firms, with a focus on security and capital efficiency - Notable features: On-chain dynamic fee algorithm, MEV capture, and hyperRAM

Ramses V3 is a competitive DEX with a strong focus on multi-chain support and innovative features. With a growing TVL and expanding feature set, Ramses V3 is well-positioned for continued growth in the DeFi space. However, the platform faces intense competition from other DEXs, and its ability to maintain its competitive edge will depend on its ability to innovate and adapt to changing market conditions.