As mentioned before, Aptos is slowly recovering, and @NEARProtocol is no exception.
I would say that Near has had its glorious days, and I believe no one would disagree. Although it can't compare to its peak, overall, it is gradually recovering, and the Near Foundation has made a lot of efforts for this, such as supporting the merger of two projects into @rhea_finance and launching the "token season" and so on.
So today, we must talk about @rhea_finance, a super app that includes two major businesses: DEX and Lending. As a representative of Near, it deserves our attention.
Most people probably haven't been paying much attention to this chain recently. If I asked you to guess Rhea's daily trading volume, what would you guess? A few million or tens of millions? The result might surprise you; in the past two months, the best day reached a trading volume of 170 million USD.
Not only has the trading volume in the last 30 days reached 3.261 billion USD, but looking at the TVL, the DEX and lending businesses have pushed the TVL to 260 million USD. To better understand Rhea's potential, I've compared it with several other protocols.
We can clearly see that RHEA has a higher TVL but a lower FDV. Generally, the higher the TVL, the higher the FDV, so we can conclude that Rhea is severely undervalued. Although after the TGE, the token price rose from 0.03 to a peak of 0.11, it is currently priced at 0.08, still undervalued.
Looking ahead, I remain optimistic because the Near team continues to make efforts, such as the upcoming launch of rNEAR, which will increase the DeFi use cases for Near and can be used on any chain; supporting BNB native liquidity through chain abstraction will promote the price of BNB while developing itself.
The most important thing is still the Token season. Why do I say this? During the Token season, many projects will have their TGE. After the TGE, where will these tokens go to swap? Undoubtedly, it will be Rhea, and the trading volume and liquidity pools at that time will see growth, so there’s no reason for Rhea's token not to follow.
Therefore, if you want to pay attention to the Near ecosystem, you must pay attention to Rhea, and the best time to do so is now because everything is just beginning.
Show original

26.5K
28
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.