An Ancient Pharaoh's Terminal ยท Epoch 33
The chain answers to the eye that watches it.
Live Nest metrics on HyperEVM โ read-only, no wallet.
veNEST voter-fee calculator
Share of supply
of 1454.15M veNEST
Weekly fees
โ
100% of voter rewards ยท pro-rata
Annualized
โ
7d ร 52, current run-rate
APR vs NEST
โ
annualized fees / value at spot
Total Value Locked
Live ยท 39 pools
$0.00M
24h Volume
$15.33M
7d $130.56M
24h Fees
$12,808
7d $95,584
Pools
39 / 0
gauged / total
Epoch 33
5d 14h remaining
20%
Elapsed
Turnout86.2%
veNEST locked1454.15M
Top gauge68.9%
Feesโvoters100%
Epoch Revenue (live)
$0
Voter rewards ยท swept + pending
Emission Cost
$0
15,985,019 NEST ร spot
Net Surplus
โ$0
Loss epoch ยท -66.0% margin
NEST Supply
1686.91M
NEST ERC-20 total supply100.00% of minted
NEST Inflation
67%
annualized supply growthemitted to LPs
Weekly Emission
$174.7K
15.99M NEST / wk0.0% vs docs
Total Rewards / wk
$174.7K
LP emissions + team pre-funds (gateway on-chain rewardRate)~15.99M NEST
NEST supply composition
veNEST locked86.2%
Circulating13.8%
๐ The eye sees what others miss. Click it seven times to summon the Oracle. ๐
Emissions
Per-epoch emission curve
Realized mints vs the documented decay.ⓘ
Total Emitted
0.00M
$0.00M cumulative
This Week
15.99M
$174,665
Next Epoch (proj)
0.00M
ร 1.00 elasticity
Avg ฮ vs Docs
0.0%
elasticity below curve
Weekly emissions
Economy
Valuation & revenue
FDV, market cap and protocol revenue โ live.ⓘ
01
Coverage Ratioi
fees รท emissions
Does the protocol earn more than it prints? A dollar of fees is real revenue; a dollar of emissions is printed supply. Above 1.0ร, it stands on its own cash flow.
Fees vs Emissions ยท Nest
โรโ
02
Net APRi
nominal โ dilution
The real yield you actually keep โ your share, after the printing dilutes it. Positive only when the protocol out-earns its emissions.
Nominal โ Dilution ยท Nest
โโ
โ%โ
real yield you keep, per year
03
Lock Carry Costi
emissions รท locked
What it costs to hold the lock โ the annual dilution you pay just to stay sequestered. When fee income beats the carry, the lock funds itself.
Per $1 locked / yr ยท Nest
โ%โ
annual dilution to hold the lock
04
Lock Effectivenessi
locked รท fees / yr
Is the sink actually real? A P/E for the lock โ lower is better โ and whether fees, not printing, keep it filled.
Lock Multiple ยท Nest
โรโ
$ locked per $1/yr of real fees ยท lower = better
Supply lockedโ
Marked atโ
NEST Price
$0.01093
on-chain ยท 24h
FDV
$18.43M
0.0M xRAM + 1686.9M NEST
Circulating MC
$18.43M
1686.9M free-float ร price
Annualized Revenue
$5.47M
7d ร 52 ยท 24h
Net Surplus / wk
โ$69.4K
fees โ emissionsdeficit
P/E (FDV)
3.37
FDV / annual rev
P/E (Circ MC)
3.37
Circ MC / annual revcheap
Net surplus this week ยท base
โ$69,416
0.00M annualized ยท fees โ auto emissions
Revenue (7d)$105,249
โ Auto emission costโ$174,665
= Base surplusโ$69,416
Net surplus this week ยท strict
โ$69,416
$-3.61M annualized ยท after all rewards
Revenue (7d)$105,249
โ Auto emission costโ$174,665
โ Team manual rewardsโ$0
= Strict surplusโ$69,416
Net surplus epoch-to-date ยท base
+$0
running this epoch ยท 7d in
Revenue since epoch start$0
โ Auto emission cost (full)โ$174,665
= Base surplus+$0
Net surplus epoch-to-date ยท strict
+$0
after all rewards ยท 7d in
Revenue since epoch start$0
โ Auto emission costโ$174,665
โ Team manual rewardsโ$0
= Strict surplus+$0
Revenue vs Emissions ยท per epoch
๐น Voter Revenue ยท Epoch 33
Fees earned by voters
Swap fees collected by veNEST voters โ by day, epoch and pool.ⓘ
Epoch 33 ยท projected close
$85,513
$12,216 / day pace
-18.8% vs Ep 32
Last 24h
$12,762
voter fees ยท rolling 24h
rolling ยท live 24h fees ร voter share
as of 0s ago
Trailing 7d
$95,533
$13,648 / day avg
Trailing 30d
$590,551
$19,685 / day avg
Annualized ยท projected
$5.47M
current epoch pace ร 52
Best epoch ever
$290,835
E28 ยท avg $118,547/epoch
All-time revenue
$1.66M
14 epochs ยท since launch
๐ The HYPE Engineⓘ
๐
Stake NEST ยท earn HYPE
the largest HYPE drop on HyperEVM
Deposit NEST once. The engine votes with the protocol's veNEST and pays you real HYPE every epoch โ no need to sell, the auto-compounder re-locks your NEST for you.
this epoch ยท HYPE drop
$HYPE
90%
gross HYPE APR+23.2% net, after NEST emission dilution
This epoch
640 HYPE
โ value
~$44,075
Vault share
55% of veNEST
Open the HYPE Engine calculatorestimate your weekly HYPE โ
โ
This epoch's HYPE drop
640 HYPE
โ $44,075 ยท 4-ep avg 966 HYPE
Distributed to date
$744K
10,807 HYPE ยท 10 drops
Gross HYPE APR
90%
10-epoch average ยท on staked NEST
Net APR ยท after inflation
+23.2%
HYPE yield โ NEST emission dilution (67%)
Weekly HYPE drops
Vault control of veNEST
Daily voter fees
Best day to earn
Top revenue pools
| # | Pair | Voter rev | 24h fees | TVL |
|---|---|---|---|---|
| 01 | WHYPE/USDC | $70,798 | $12,229 | $7,963,463 |
| 02 | WHYPE/UBTC | $11,419 | $2,003 | $2,074,100 |
| 03 | NEST/WHYPE | $5,653 | $1,099 | $633,709 |
| 04 | NEST/USDC | $5,480 | $1,129 | $239,833 |
| 05 | WHYPE/UETH | $3,143 | $379 | $510,199 |
| 06 | WHYPE/USDโฎ0 | $2,499 | $349 | $378,693 |
| 07 | KNTQ/WHYPE | $1,795 | $198 | $335,733 |
| 08 | USDC/USDโฎ0 | $891 | $85 | $961,980 |
| 09 | WHYPE/PURR | $772 | $110 | $123,286 |
| 10 | UBTC/UETH | $667 | $71 | $178,929 |
Voter fees by epoch
๐
Competition ยท HyperEVM
Ramses vs Nest
x(3,3) vs ve(3,3), head to head.ⓘ
01
Coverage Ratioi
fees รท emissions
Does the protocol earn more than it prints? A dollar of fees is real revenue; a dollar of emissions is printed supply. Above 1.0ร, it stands on its own cash flow.
Fees vs Emissions ยท
โรโ
02
Net APRi
nominal โ dilution
The real yield you actually keep โ your share, after the printing dilutes it. Positive only when the protocol out-earns its emissions.
Nominal โ Dilution ยท
โโ
โ%โ
real yield you keep, per year
03
Lock Carry Costi
emissions รท locked
What it costs to hold the lock โ the annual dilution you pay just to stay sequestered. When fee income beats the carry, the lock funds itself.
Per $1 locked / yr ยท
โ%โ
annual dilution to hold the lock
Burned / epochโ
Net supply changeโ
04
Lock Effectivenessi
locked รท fees / yr
Is the sink actually real? A P/E for the lock โ lower is better โ and whether fees, not printing, keep it filled.
Lock Multiple ยท
โรโ
$ locked per $1/yr of real fees ยท lower = better
Supply lockedโ
Marked atโ
Burned / epochโ
Net supply changeโ
๐ฎ
Supply Impacti
emitted โ sequestered
What actually leaves the float โ burned forever, escrowed, or time-locked. Above 1.0ร, the protocol removes more than it prints and the supply shrinks.
What leaves the float ยท
โรโ
Net float changeโ
Different mechanisms. Ramses sequesters at mint โ every lock burns half the RAM (gone for good) and escrows half (redeemable at 50%). Nest time-locks NEST, which returns to circulation when locks expire (โค6 months). Both cut sell pressure โ but only Ramses' burn permanently lowers the supply ceiling.
๐ญ
Holder Distributioni
top 10 รท supply
How concentrated is the holder base? The fewer hands at the top, the lower the dump risk โ and the healthier the float.
xRAM holder base ยท user-side
Top 1 ยท โ
Top 2โ5 ยท โ
Top 6โ10 ยท โ
Other ยท โ
โ%โ
held by the top 10 wallets ยท โ
Holders
โ
wallets
Top holder
โ
โ
Top 5 share
โ
of supply
Control concentration, not liquidity. User-side removes Ramses Treasury / POL and the non-decomposed HYPE Engine Safe (keeps user-attributed HYPE Engine Vault); System-wide includes those protocol-controlled buckets. Ramses = effective xRAM by owner (direct + VoteModule + AutoVault + hyperRAM-eq + LP hRAM-eq); Nest = veNEST underlying by owner. Top 1 / 5 / 10 use the matching denominator for the selected view.
RAMSES
NEST
ฮ
TVL
$5.54M
$20.12M
-72%
24h Volume
$6.95M
$15.33M
-55%
24h Fees
$4,314
$12,762
-66%
Fees ยท last epoch
$30,200
$105,249
-71%
Emission cost ยท last epoch
$37,942
$202,065
-81%
Capital turnover (24h)
1.25x
0.76x
+65%
Fees vs emissions ยท last 10 epochs
Ramses
Nest
Lock mechanics & governance
RAMSES xRAM
Lock durationNone โ non-transferable
Voting power1 xRAM = 1 vote, no decay
ExitInstantExit (burn for RAM, penalty)
Fee accrual100% of swap fees โ voters
Epoch length
Emission decayBuilt into Minter contract
NEST veNEST
Lock durationUp to 6 months
Voting powerLinear: NEST ร (months/6)
ExitWait for lock expiry, no early exit
Fee accrualSplit: LPs / voters / treasury
Epoch length
Decay~4% / epoch unless re-locked
Where Nest's emissions are going
| # | Pair | TVL | APR (reward) | Weekly emission ($) |
|---|
๐ฟ WHYPE / USDC ยท LP Comparison
Where should you add liquidity?
Pick a size and range โ we project in-range LP yield (emissions + any shared fees) on Ramses vs Nest, net of LVR, live.ⓘ
Ramses Fee
โ
x(3,3) ยท dynamic, this cycle
Nest Fee
โ
ve(3,3) ยท dynamic, this cycle
Pair price
Current: โ
40.00% wide
RAMSES
x(3,3)
In range (while active)
โ
Pre-add UX APR: โ
Net yield after LVR
โ
LP yield โ โ LVR โ
โ per epoch
ยท
โ + โ
Add Liquidity โ
NEST
ve(3,3)
In range (while active)
โ
Pre-add UX APR: โ
Net yield after LVR
โ
LP yield โ โ LVR โ
โ per epoch
ยท
โ + โ
Add Liquidity โ
LVR โ ฮป ยท ฯยฒโ8 ยท for your selected range โ emissions go to LPs, fees go to voters
Aggregated CL orderbook ยท by initialized tick
Liquidity at each selected pool price tick
RAMSES active liquidity by tick
| Price | Total |
|---|---|
Loading tick liquidityโฆ | |
NEST active liquidity by tick
| Price | Total |
|---|---|
Loading tick liquidityโฆ | |
Liquidity providers ยท by position USD
Who holds this pool's liquidity
LPs at price
$
โ type a price or click a row in the liquidity book above
Loading LPsโฆ
Gauges ยท Liquidity Map
39 pools
0 gauged ยท top gauge takes 68.9% of this epoch's emissions.
Top pool share
68.88%
โ
Top gauge reward
11010K
NEST / week
Total gauges
0
1:1 with pools
Gini (votes)
0.00
0 even ยท 1 winner-take-allmoderate
All pools
| # | Pair / Pool | Gauge | Fee | TVL | Votes | NEST/wk | +Team | Total $/wk | Share |
|---|
Governance ยท Epoch 33
1454M xRAM voting this epoch
Turnout 86.2% of supply โ emissions follow the votes.
Voter turnout
86.2%
of 0.0M xRAM
Total votes
1454.15M
xRAM-weighted
Top gauge
68.88%
โ
xRatio
100%
emissions paid as RAM
Gauge race ยท top 12
Full breakdown
| # | Pair | Gauge | Votes | RAM/wk | Share |
|---|
Distribution ยท Aggregated xRAM
1454.15M effective xRAM
Across every form โ plus 0.00M xRAM-eq as DEX liquidity.ⓘ
Active xRAM holders
0
โฒ +0
net this epoch
Buying this epoch
0
wallets acquired xRAM0 sold
New holders this epoch
+0
first-time xRAM owners
Total holders ever
unique entrants since TGE
๐ฝ Anti-dilution ยท hold your share
If I hold
xRAM
I must keep acquiring
โ / epoch to keep my share
โ net APR
โ โ / epoch
โ dilution
โ net / epoch
๐ฝ
Holder growth ยท per epoch
Aggregated holdings ยท all
| # | Address | Total xRAM | ฮ 7d | Share |
|---|
Total supply
1686.91M
NEST ERC-20 total supply100.00% of minted
Circulating MC
$18.43M
1686.9M free-float ร spot
Holders
โ
unique addresses
Top holder share
84.24%
0x2f2Aโฆ2074
RAM holders
| # | Address | Amount | Share |
|---|
Total xRAM
0.00M
governance token ยท non-transferable
RAM collateral
0.00M
held by xRAM contract
Holders
โ
unique addresses
Top holder share
0.00%
โ
xRAM holders
| # | Address | Amount | Share |
|---|
hyperRAM supply
0.00M
liquid staking token
LST rate
1.2900
xRAM per hyperRAM
Holders
โ
unique addresses
Top holder share
0.00%
โ
hRAM in LP
0.00M
across 0 Ramses pools0.0% of supply
xRAM-eq locked as LP
0.00M
hRAM ร LST rate (1.2900)
LP value
$0
at RAM spot
hyperRAM holders
| # | Address | Amount | Share |
|---|
AutoVault stakers
| # | Address | Balance | Output Pref | Share |
|---|
hyperRAM sold ยท today
โ
โโ
๐ฉธ Shame List ยท hyperRAM sellers
| # | Address | Rank now | hRAM sold | โ USD | swaps | into |
|---|
NEST supply
โ
ERC-20 total supply
NEST holders
โ
liquid ERC-20
Total stakeholders
โ
incl. veNEST locked
Top holder share
โ
NEST holders
| # | Address | NEST | Share |
|---|
Hype Engine ยท weekly HYPE
Last drop
โ
most recent epoch
4-epoch avg
โ
trailing drop
Total staked
โ
NEST in Engine
Engine APR
โ
4-epoch-avg basis
Weeklyโ
Yearlyโ
Your APRโ
Real yield โ does it beat NEST inflation?
APR this week
โ
APR ยท 10 epochs
โ
NEST inflation
โ
Net APR ยท week
โ
Net APR ยท 10 ep
โ
Hype Engine voting bloc
Who controls the vote
| Position | Locked NEST | % of votes | Controller & role |
|---|
veNEST concentration
Locked supply controlled by the largest lockers
โ
Top 5 share
HYPE Engine Vault
โ
decomposed to depositors
Safe-held veNEST
โ
largest direct locker
Locked NEST
โ
underlying principal
veNEST lockers
โ
unique owner addresses
Top locker share
โ
veNFTs
โ
ERC-721 lock positions
Locked this epoch
โ
โ
NEST locked this epoch ยท by wallet
| # | Address | NEST locked this epoch | lock txs |
|---|
veNEST lockers
| # | Address | Total locked NEST | Locked this epoch | veNFTs | Share |
|---|
๐ Tokens ยท NEST
The emissions token.
Tradable on HyperEVM DEXes. Emitted weekly to LPs and locked into veNEST for governance and a share of fees.
Price
$0.01093
on-chain ยท 24h
Live Supply
1686.91M
total NEST supply
Circulating
232.76M
outside veNEST
Locked as veNEST
1454M
86.2% of supply
DEX trading
24h Volume
$0.00M
total swap activity
7d Volume
$0.00M
cumulative weekly
24h Fees
$0
fees โ voter rewards
Top pair
None
$0 24h
๐ Note: Per-address NEST buy/sell tracking (ERC20 Transfer event scan) is not yet indexed โ only pool-level swap volumes from the on-chain Nest indexer are shown above.
๐ Tokens ยท veNEST
Locked governance.
Lock NEST for up to 6 months to receive veNEST โ the vote-escrow position that directs emissions and earns a share of trading fees.
veNEST Locked
1454M
NEST locked as veNEST
Lock Value
$15.89M
at spot
Supply Locked
86.2%
of NEST supply
Lockers
1,141
unique veNEST holders
How veNEST works
Lock NEST to mint veNEST, the vote-escrow position. Each epoch veNEST votes to direct NEST emissions across pools and earns a share of the trading fees those pools generate. Locks run up to 6 months and return the underlying NEST 1:1 at expiry โ there is no convert, burn, or exit penalty.
Supply lock
1454M NEST locked as veNEST
Nest sequesters supply by locking, not burning โ NEST locked into veNEST (โค6 months) leaves circulation until unlock. 86.2% of all NEST is currently locked.
veNEST locked
1454M
NEST sequestered86.2% of supply
Lock value
$15.89M
at NEST spot
Locked this epoch
+0.00M
NEST newly locked ยท Ep 33
Unlocked this epoch
โ0.00M
NEST returned to circulation
Total veNEST locked ยท value at spot
$15.89M
๐