Roundhill Memory ETF (Ondo Tokenized)

DRAMON Price

About Roundhill Memory ETF (Ondo Tokenized) (DRAMon)

Roundhill Memory ETF (Ondo Tokenized) is an on-chain digital representation of the Roundhill Memory ETF, enabling global investors to access traditional semiconductor market exposure through blockchain infrastructure.

• Total Return Tracking: The token is designed to mirror the economic performance of the underlying Roundhill Memory ETF, including the reinvestment of dividends.
• Institutional-Grade Infrastructure: Issued through Ondo Global Markets, the asset utilizes bankruptcy-remote legal structures and verified custodial backing.
• 24/5 Accessibility: Users can mint and redeem tokens directly through the Ondo platform during traditional market hours, with peer-to-peer transfers available 24/7.

What Is Roundhill Memory ETF (Ondo Tokenized)

Roundhill Memory ETF (Ondo Tokenized), identified by the ticker DRAMon, is a digital asset issued by Ondo Finance that provides economic exposure to the Roundhill Memory ETF (DRAM). This project is part of the growing ecosystem of Real World Assets (RWA), which aims to bridge the gap between traditional finance and decentralized technology.

Value moves through the system by linking the token's price to the net asset value of the underlying ETF shares held in custody. The token is 'put to work' by allowing investors to hold a liquid, blockchain-native version of a traditional security that can be integrated into various decentralized applications. As the ecosystem grows, DRAMon scales by inheriting the deep liquidity of traditional stock exchanges while offering the efficiency and transparency of a distributed ledger.

What Makes Roundhill Memory ETF (Ondo Tokenized) Unique

The primary differentiator for Roundhill Memory ETF (Ondo Tokenized) is its integration of traditional market liquidity with blockchain accessibility. Key unique features include:

• Inherited Liquidity: By allowing instant minting and redemptions, the token minimizes price dislocations and slippage by tapping directly into the liquidity of the underlying ETF.
• Bankruptcy-Remote Structure: The assets are held in a legal framework designed to protect token holders by ensuring the collateral is insulated from the issuer's operational risks.
• On-Chain Transferability: Unlike traditional ETF shares that are confined to brokerage accounts, DRAMon can be transferred between compatible wallets and used across supported blockchain networks.
• Transparency and Verification: An independent verification agent reviews the asset backing daily to ensure the circulating supply matches the collateral held with US broker-dealers.

What Can You Use Roundhill Memory ETF (Ondo Tokenized) for?

Roundhill Memory ETF (Ondo Tokenized) offers several utilities for eligible non-US investors:

• Portfolio Diversification: Investors can gain exposure to the semiconductor and memory industry without requiring a traditional brokerage account.
• DeFi Integration: The token is designed to be compatible with decentralized finance protocols, potentially serving as collateral for lending or as a component in on-chain structured products.
• Global Settlement: As a transferable digital asset, it can be used for efficient value transfer and settlement across borders on supported blockchains like Ethereum and Solana.
• Total Return Exposure: Holders receive the benefits of dividend reinvestment, allowing for long-term capital compounding similar to holding the physical ETF.

How Does Roundhill Memory ETF (Ondo Tokenized) Work?

The mechanism behind Roundhill Memory ETF (Ondo Tokenized) involves a process of asset tokenization where physical ETF shares are placed in the custody of US-registered broker-dealers. When a user mints DRAMon, the issuer purchases the equivalent amount of the underlying ETF. Conversely, when a user redeems, the issuer sells the shares and returns the cash value, often in the form of stablecoins.

The system operates on a 24/5 schedule for primary market activities, aligning with traditional financial sessions. On the technical side, the tokens are issued on public blockchains as standard assets (such as ERC-20 on Ethereum), allowing them to interact with smart contracts. All transactions and ownership records are maintained on the blockchain, providing a permanent and immutable history of the asset's distribution.

Team Info and Investors

Roundhill Memory ETF (Ondo Tokenized) is a product of Ondo Finance, a leading protocol in the RWA space. The team consists of professionals with backgrounds in traditional finance, including former members of Goldman Sachs and other major financial institutions. Ondo Finance has secured backing from prominent venture capital firms such as Founders Fund, Pantera Capital, and Coinbase Ventures. The project's governance and operational standards are designed to meet the requirements of institutional-grade investors while maintaining the open-access spirit of blockchain technology.

Where can you buy Roundhill Memory ETF (Ondo Tokenized)?

DRAMON tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Roundhill Memory ETF (Ondo Tokenized) is Ondo Stocks, where the most active trading pair DRAMON/USDON has a trading volume of $110,266.29 in the last 24 hours. Other popular options include MEXC and Manifest.

What is the daily trading volume of Roundhill Memory ETF (Ondo Tokenized) (DRAMON)?

The trading volume of Roundhill Memory ETF (Ondo Tokenized) (DRAMON) is $176,517.06 in the last 24 hours, representing a 117.20% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Roundhill Memory ETF (Ondo Tokenized) (DRAMON)?

Roundhill Memory ETF (Ondo Tokenized) (DRAMON) reached an all-time high of $97.98 and an all-time low of $30.23. It’s now trading -47.00% below that peak and 71.90% above its lowest price.

What is the market cap of Roundhill Memory ETF (Ondo Tokenized) (DRAMON)?

Market capitalization of Roundhill Memory ETF (Ondo Tokenized) (DRAMON) is $3,493,084 and is ranked #1767 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of DRAMON tokens (68 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Roundhill Memory ETF (Ondo Tokenized) (DRAMON)?

The fully diluted valuation (FDV) of Roundhill Memory ETF (Ondo Tokenized) (DRAMON) is $3,493,084. This is a statistical representation of the maximum market cap, assuming total number of 68 Thousand ETH tokens are in circulation today.

How does the price performance of Roundhill Memory ETF (Ondo Tokenized) compare against its peers?

With a price increase of 0.70% in the last 7 days, Roundhill Memory ETF (Ondo Tokenized) (DRAMON) is outperforming the global cryptocurrency market which is down -0.30%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Roundhill Memory ETF (Ondo Tokenized) (DRAMON) to MetaMask?

Adding Roundhill Memory ETF (Ondo Tokenized) (DRAMON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import DRAMON as a token. You can copy DRAMON’s contract address (0xdb5a8f5b4c17f2ee2e7192a150687e48eb3c415d) and import it manually, or if you've installed MetaMask's chrome extension, add DRAMON to MetaMask with one click on CoinGecko.

Add DRAMON to MetaMask.