Ramses
RAM
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Ramses (RAM) is a ve(3,3)-style decentralized exchange protocol originally deployed on Arbitrum and expanding to HyperEVM. The protocol features sophisticated tokenomics with decaying emissions and dynamic fee capture, alongside an extensive audit footprint spanning Consensys Diligence, Spearbit, and Code4rena. However, the evaluation is constrained by significant data gaps, as Active Development and Team and Governance lacked verifiable information and scored -1.0. Furthermore, the project experienced an October 24, 2024 exploit on Arbitrum resulting in ~$93,000 lost due to flawed reward distribution logic, social engagement and liquidity have severely degraded with a sub-$1M market cap, and trading volume remains negligible across aggregators.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Ramses (RAM)
Ramses (RAM) is a decentralized exchange protocol based on the ve(3,3) model, originally launched on the Arbitrum blockchain and later deployed on HyperEVM. Operating as an automated market maker (AMM), the protocol utilizes concentrated liquidity market maker (CLMM) mechanics, algorithmic dynamic trading fees, and MEV capture. In its design, users can burn RAM into non-fungible xRAM tokens (ERC-721) to vote in weekly governance epochs and direct protocol emissions toward specific liquidity pools.
The RAM tokenomics structure features decaying, revenue-responsive emissions, conditional burn mechanisms, and no ongoing emissions allocated to the team. The protocol also incorporates HyperRAM liquid staking. While public repositories and software development kits for Ramses exist, verifiable records regarding ongoing developer commit activity, active community turnout, and team identity are largely undocumented.
Ramses has undergone security audits and reviews from several firms and platforms, including Consensys Diligence, Spearbit, and Code4rena. Despite these reviews, the protocol suffered an exploit on its Arbitrum deployment on October 24, 2024, resulting in a loss of approximately $93,000. The attacker exploited a logic flaw in the reward distribution code, using the getPeriodReward() function to claim duplicate rewards across multiple tokens without a corresponding reduction in total reward supply. The protocol also exhibits a reduced market footprint, characterized by a sub-$1 million market capitalization, low trading volume on aggregators, and diminished community engagement on its original deployment.