Ramses v2 Crypto Exchange Review: How It Compares to Uniswap and Velodrome
Most crypto traders think all decentralized exchanges are the same. They pick one because it’s popular, or because their wallet auto-fills it. But Ramses v2 isn’t like Uniswap or SushiSwap. It’s built for people who want to make their capital work harder - and who care about where their fees go. If you’re trading on Arbitrum or HyperEVM, you’re probably missing out if you haven’t looked at Ramses v2 yet.
What Exactly Is Ramses v2?
Ramses v2 is a decentralized exchange (DEX) built on Arbitrum and HyperEVM. It’s not just another AMM (automated market maker). It uses a modified version of the ve(3,3) model - originally created by Andre Cronje - combined with Uniswap V3’s concentrated liquidity design. That means liquidity providers can lock their funds in specific price ranges, not across the whole curve. This cuts down on wasted capital and boosts fee earnings.
The core of Ramses v2 is its tokenomics. You hold RAM tokens, and if you lock them up, you get a veNFT. This isn’t just a badge - it gives you voting power. You vote on which trading pairs get more RAM emissions. The pools you vote for earn more fees, and you earn a share of those fees. It’s a direct link between your actions and your rewards.
Unlike Curve or Balancer, where fees are split evenly among all token lockers, Ramses v2 lets you choose where the money flows. That’s a big deal. If you believe in a new DeFi project, you can push liquidity to its pool and earn from its growth. No middlemen. No random redistribution.
How Ramses v2 Makes Trading Cheaper and Faster
Slippage is the silent killer of crypto trades. On Uniswap v2, a $10,000 trade might cost you 1% just in price impact. On Ramses v2, it’s often under 0.1%. Why? Concentrated liquidity. Instead of spreading $1 million across a price range from $1 to $10, you put it all between $2 and $3 - where most trades happen. That’s like putting all your cash in the drawer you use every day instead of hiding it in the attic.
The protocol also uses an iterated price function that recalculates rates faster than traditional AMMs. This isn’t just theory - real traders report smoother fills on large orders. Daily volume on Ramses v2 hit $3.66 million in October 2025, with low slippage even during spikes. That’s not huge compared to Uniswap, but it’s impressive for a DEX that’s still growing.
And then there’s the "bribing" system. Projects can pay to boost their liquidity pools by sending RAM tokens directly to users who lock them. This helps new tokens get off the ground without relying on risky airdrops. It’s a cleaner, more sustainable way to bootstrap liquidity. You’re not gambling on a token you don’t know - you’re backing a pool that’s already getting real support.
The RAM Token: Value, Volatility, and Locking Rewards
As of October 2025, RAM trades at $0.0162. The total supply is 200 million, with 130 million in circulation. Market cap sits at $5.62 million. That’s small by DeFi standards, but the token’s behavior tells a different story.
One week before that, RAM was at $0.0220 - a 28% drop in days. But a month earlier, it was $0.0173. A year ago? $0.0279. The volatility is real. If you’re looking for a stable investment, RAM isn’t it. But if you’re a DeFi power user, volatility is part of the game.
Here’s the kicker: locking RAM gives you three things:
- Anti-dilution rebases - your veNFT balance increases over time to offset new token issuance
- A cut of swap fees from the pools you vote for
- Any bribes sent to those pools
So if you lock 10,000 RAM and vote for the RAM/USDC pool, you don’t just earn from trading fees - you also get a share of any extra rewards projects send to that pool. It’s like owning a piece of a business and getting dividends + bonuses from customers.
Most DEXs give you LP tokens and call it a day. Ramses v2 turns you into a stakeholder with real influence.
Why Ramses v2 Is Different from Velodrome, Camelot, and Uniswap
Let’s compare Ramses v2 to its closest rivals:
| Feature | Ramses v2 | Velodrome | Camelot | Uniswap v3 |
|---|---|---|---|---|
| Chain | Arbitrum + HyperEVM | Arbitrum only | Arbitrum only | Ethereum, Optimism, Base |
| Liquidity Model | Concentrated + ve(3,3) | Concentrated + ve(3,3) | Concentrated + simple LP | Concentrated only |
| Fee Distribution | Based on user votes | Based on user votes | Fixed split to LPs | Fixed to LPs |
| Token Incentives | RAM emissions + bribes | VELO emissions + bribes | GRAIL emissions | None |
| Best For | Active voters, institutional LPs | Arbitrum traders, yield farmers | Beginners, low-risk LPs | General users, Ethereum natives |
Velodrome is Ramses v2’s closest twin - same model, same goals. But Ramses v2 has HyperEVM. That’s not just a sidechain. It’s a bridge to Hyperliquid’s perpetual trading platform. You can trade spot on Ramses v2 and hedge with futures on Hyperliquid - all in one workflow. That’s unique.
Camelot is simpler. Great for beginners. But if you’re holding more than $5,000 in LP positions, you’re leaving money on the table. Uniswap v3 is the gold standard for liquidity control - but it has no token rewards. Ramses v2 adds the financial incentive layer.
Who Should Use Ramses v2?
This isn’t a "set it and forget it" DEX. If you’re new to crypto, stick with Uniswap or Coinbase. Ramses v2 demands attention.
You should use Ramses v2 if:
- You lock crypto tokens for months and want to earn more than just trading fees
- You follow DeFi projects and want to help them succeed - and get paid for it
- You trade on Arbitrum and want lower slippage than Uniswap v3
- You’re interested in HyperEVM and want to connect spot trading with derivatives
- You’re tired of token emissions being dumped randomly and want control over where they go
If you’re just swapping ETH for USDC once a month? Skip it. But if you’re managing a portfolio, running a liquidity strategy, or actively participating in DeFi governance - Ramses v2 is one of the most powerful tools on Arbitrum.
Partnerships and Ecosystem Strength
Ramses v2 isn’t alone. It’s backed by major DeFi names: Liquity, Frax Finance, Yearn, Olympus DAO, Alchemix. These aren’t random projects - they’re pillars of the DeFi economy. If they’re integrating with Ramses v2, it’s because the protocol delivers real utility.
It’s also integrated with top aggregators: 1inch, Paraswap, Odos, Kyberswap. That means you can access Ramses v2’s liquidity without even visiting its interface. Your wallet’s swap function might already be using it.
And cross-chain? LayerZero and Axelar are connected. So if you’re on Polygon or Base, you can still trade Ramses v2 pairs - just through bridges. That’s not native, but it’s enough to make the protocol feel ubiquitous.
Is Ramses v2 Safe?
No DeFi protocol is 100% safe. But Ramses v2’s contracts are audited and live on Arbitrum - one of the most battle-tested Layer 2s. The veNFT system is well-documented. There’s no rug pull history. The team has been transparent about upgrades, including the shift from ve(3,3) to x(3,3) - a more user-friendly version of the same model.
The biggest risk? Volatility. If RAM crashes 50%, your veNFT rewards shrink. But that’s true of any governance token. The protocol itself isn’t at risk - the token is.
Always use a hardware wallet. Never approve unlimited spends. And don’t lock more RAM than you’re willing to hold for 6+ months.
How to Get Started
1. Connect your wallet (MetaMask, Coinbase Wallet) to app.ramses.exchange (Arbitrum) or the HyperEVM version.
2. Buy RAM on a DEX like SushiSwap or 1inch. You’ll need it to lock and vote.
3. Go to the "Lock" section. Choose how long to lock - 1 week to 4 years. Longer locks = more voting power.
4. Pick your pools. Vote for the ones you believe in. You can change this weekly.
5. Add liquidity if you want. Concentrate it where the action is. Monitor your rewards.
That’s it. No complex steps. No hidden fees. Just direct control over your capital’s impact.
Is Ramses v2 better than Uniswap v3?
It depends. Uniswap v3 is simpler and works on more chains. Ramses v2 is more powerful if you want to earn extra rewards, vote on liquidity incentives, and trade on Arbitrum with lower slippage. If you’re just swapping tokens, Uniswap wins. If you’re managing liquidity strategically, Ramses v2 is superior.
Can I stake RAM without providing liquidity?
Yes. You can lock RAM to get a veNFT and earn voting power - even if you don’t add liquidity. You’ll still get a share of swap fees from the pools you vote for, even if you’re not providing capital. This makes RAM a governance token with passive income, not just a liquidity tool.
What’s HyperEVM and why does it matter?
HyperEVM is a Layer 2 built by Hyperliquid that’s compatible with Ethereum Virtual Machine but optimized for trading. Ramses v2 on HyperEVM lets you connect spot trading with Hyperliquid’s perpetual futures in one interface. This is unique - no other DEX offers this depth of integration with a derivatives platform.
How often do I need to vote?
You can vote anytime, but it’s best to review your choices weekly. Projects change. New ones launch. If you keep voting for a pool that’s no longer active, you’ll miss out on better rewards. The system doesn’t auto-renew - you have to stay engaged.
Is Ramses v2 worth it for small investors?
If you have under $1,000, it’s probably not worth the effort. The complexity and volatility don’t justify the returns at small scales. But if you’re holding $5,000+ in crypto and want to optimize your yield, Ramses v2 is one of the best tools on Arbitrum.