Ramses Token Surges 6,262% on Robinhood Chain
Ramses (RAM) token has seen an explosive 6,262% price increase in just one week on Robinhood Chain, reaching an all-time high of $0.9307 from a starting point of $0.01461.
Ramses has been operating since 2023 and has survived an entire bear market, but its recent surge in popularity is largely due to the launch of Robinhood Chain, which aims to bring tokenized stocks and real-world assets into DeFi.
The platform's fee-only model on Robinhood Chain sees 95% of swap fees going to liquidity providers, with 5% funding the protocol and a burn mechanism. Importantly, there are no RAM emissions on this chain at all.
One expert noted that while buying RAM may provide exposure to Ramses' revenue, it's not yet directly correlated, as the majority of fees currently flow to LPs rather than RAM holders.