Ramses DEX Hits Record $51.9M Daily Volume on Quiet Weekend
Ramses DEX Hits Record $51.9M Daily Volume on Quiet Weekend
🔥 Ramses breaks records
Weekend Trading Surge
Ramses, a ve(3,3) DEX on Arbitrum, achieved an all-time high with $51.9 million in 24-hour trading volume during a typically slow weekend period.
Key Context:
- This milestone follows three consecutive weeks of volume growth
- Recent data showed a 32% volume increase over the previous 7 days
- Ramses ranks #3 for volume on HyperEVM (behind Hyperliquid)
- The platform generates the second-highest holder revenue on HyperEVM
The record-breaking performance demonstrates growing adoption of the protocol, which adapts Andre Cronje's Solidly model with a focus on community governance, decentralization, and enhanced DEX functionality.
Most weekends result in low volume and not a lot of action, but Ramses put in an all time high of 24 hour volume with $51.9m in transactions in a single day. Ramses Rises 🔥
🔥 Ramses Protocol Burns More RAM Than It Emits This Epoch
**Ramses protocol achieves deflationary milestone** The Ramses DEX has burned more $RAM tokens than it will distribute to liquidity providers this week, just 2 days into its 7-day epoch. **Key metrics:** - $RAM emissions to LPs this epoch: $27k - $RAM burned in last 18 hours: $13k - Current status: Net deflationary The burn rate is driven by increased $RAM → $xRAM conversions, where users lock their tokens. This marks a significant shift in tokenomics, as the protocol removes more tokens from circulation than it creates through rewards. Previous epochs showed burns covering roughly half of emissions, but this week's conversion activity has pushed the protocol into deflationary territory for the first time.
RAMSES Achieves Sustainability Milestone with Fees Exceeding Emissions
**RAMSES DEX reaches key sustainability milestone** as fees now exceed emissions for the first time. **Key metrics from latest epoch:** - $59k worth of $RAM converted to $xRAM - $29k worth of $RAM burned in the process - 90,381 $RAM bought and burned via internal MEV bot **Strong performance indicators:** - Revenue of $111k+ surpassed emissions of $104k+ - Trading volume exceeded $117M - Holder revenue reached $83,419 - $hyperRAM ratio increased to 1.077 with 93.27% APR This marks a significant turning point for the ve(3,3) DEX on Arbitrum, demonstrating the protocol's ability to generate sustainable revenue through trading fees while maintaining deflationary tokenomics through systematic burning mechanisms.
🕐 Final Hour Alert
**Voting deadline approaching fast** - less than one hour remains before the current epoch ends at 7pm EST/00:00 UTC. **Action required for xRAM users:** - Vote now to secure rewards - Deadline is imminent **HyperRAM users can relax** - no immediate action needed. **Strong epoch performance:** - Over $113k generated in fees and incentives - Top 3 performers leading the way Don't miss out on rewards - xRAM holders should vote immediately.
NestExchange Pays $25k Bug Bounty After Critical Vulnerability Discovery
**NestExchange paid out a $25,000 bug bounty** after security researchers identified a critical vulnerability in their core contracts that put user funds at risk. The exchange announced the bounty payment this morning following the vulnerability disclosure. **The $25k will be used to incentivize voters this epoch** rather than being retained by the team. Security researchers had reached out to collaborate on details and provide guidance on restoring safety for users and the ecosystem. The quick response and bounty payment demonstrates the platform's commitment to security and community protection. This incident highlights the importance of responsible disclosure and bug bounty programs in maintaining DeFi protocol security.