What is HyperHam (HAM)?
HAM is an elastic supply token on Hyperliquid's HyperEVM that targets $1.00. Instead of collateral, it uses rebasing: the protocol automatically expands or contracts every holder's balance to push the market price back toward $1. As HYPE appreciates in USD, the protocol harvests that upside into a treasury via positive rebases, giving holders a stable unit while capturing the underlying asset's growth.
Where can you buy HyperHam?
HyperHam (HAM) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for HAM sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
The price and 24-hour volume on this page combine the exchanges ReadPrices tracks for HAM. Before you trade, compare the fee schedule and the order-book depth on the venue you plan to use: the same coin can cost noticeably more to buy on a thin market.