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About DRAM
DRAM tracks the value of 1 share of Roundhill Memory ETF (DRAM). The DRAM ETF seeks to offer exposure to a basket of companies involved in memory semiconductors, including DRAM and related memory technologies used in AI, data centers, consumer electronics, and other compute-intensive applications.
On Hyperliquid, DRAM trades as a HIP-3 synthetic perpetual on the xyz decentralized exchange, with its own mark price, funding rate and liquidity.
DRAM is listed as a Hyperliquid HIP-3 perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Semiconductors, Equity Indices.
Frequently Asked Questions
- Does trading DRAM give me any of the rights of owning shares in the Roundhill Memory ETF?
- No. DRAM is a synthetic perpetual with no delivery mechanism or arbitrage bridge to the ETF's actual shares. It gives price exposure only — there are no shareholder rights, no dividends, no creation/redemption rights, and no claim on the underlying fund.
- Where is the Roundhill Memory ETF listed, and in what currency does DRAM trade?
- The Roundhill Memory ETF is listed on a U.S. exchange and trades in U.S. dollars. DRAM's price already reflects that USD-denominated ETF share, with no currency conversion involved.
- Does DRAM's price move with a single memory-chip maker, or the whole basket?
- The whole basket. DRAM tracks the ETF's share price, which aggregates a basket of memory-semiconductor companies rather than any single stock — unlike a single-name market such as MU or SNDK, no individual company's news moves DRAM on its own.
- What is DRAM on Hyperliquid?
- DRAM on Hyperliquid is a HIP-3 synthetic perpetual contract that tracks price exposure linked to 1 share of the Roundhill Memory ETF (DRAM) — a fund that offers exposure to a basket of companies involved in memory semiconductors, including DRAM and related memory technologies used in AI, data centers, and consumer electronics. It trades 24/7 on the xyz decentralized exchange within the Hyperliquid ecosystem, so you can go long or short without holding any shares.
- Why can DRAM's Hyperliquid price differ from the underlying market's price?
- DRAM's price on Hyperliquid comes from a synthetic market with no delivery mechanism or arbitrage bridge to the underlying, so nothing forces the two to match at all times. The perpetual's price is driven by positioning, expectations, and funding rates on Hyperliquid, and significant divergence from the underlying price is possible.
- Can I trade DRAM on Hyperliquid around the clock?
- Yes. DRAM trades 24/7 as a HIP-3 synthetic perpetual on the xyz decentralized exchange within the Hyperliquid ecosystem, with no settlement delay — you can open, hedge, or close a position at any time, even outside the underlying market's regular trading hours.
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