Ramses V3 is a decentralized exchange (DEX) built on the HyperEVM platform, utilizing the x(3,3) AMM model. It was founded in 2025 and has a 24-hour trading volume of $9.3M, with 15 listed coins and 33 trading pairs. The DEX has a total value locked (TVL) of $3.6M, with a 24-hour TVL change of 2.43% and a 7-day TVL change of 25.48%. Ramses V3 is primarily focused on the Hyperliquid L1 chain, with no notable presence on other chains.

Ramses V3's x(3,3) AMM model is a key differentiator, offering a more fluid and accessible version of the popular ve(3,3) model. The DEX also utilizes concentrated liquidity, which can lead to higher trading efficiency and lower slippage. However, the competitive moat of Crucible is unclear, and the DEX's growth trajectory is uncertain.

Ramses V3's product modules include Swap, Pools, Staking, Perps, Lending, and Launchpad. The Swap module allows users to trade cryptocurrencies with minimal slippage, while the Pools module enables users to earn interest on their staked assets. The Staking module allows users to earn rewards for staking their assets, while the Perps module enables users to trade perpetual contracts. The Lending module allows users to lend their assets to earn interest, and the Launchpad module enables users to participate in new token sales. However, the TVL and volume metrics for these modules are not publicly available.

Ramses V3 is primarily focused on the Hyperliquid L1 chain, with a TVL of $3.6M and no notable presence on other chains. This suggests that the DEX is still in the early stages of its growth trajectory and has not yet expanded to other chains.

• Primary function: Decentralized exchange (DEX) - Ecosystem positioning: Mid-tier DEX - User demographics: Unclear - Security posture: Unclear - Notable features: x(3,3) AMM model, concentrated liquidity

Ramses V3 is a mid-tier DEX with a unique AMM model and concentrated liquidity, but its growth trajectory and competitive position are uncertain. The DEX is primarily focused on the Hyperliquid L1 chain and has not yet expanded to other chains. The competitive moat of Crucible is unclear, and the DEX's growth trajectory is uncertain.