Recently, $ETH has taken the lead in strength, and it seems that the altcoin season is back, with a familiar bull market excitement filling the air again. At this opportune moment, the well-established potential public chain NEAR is also quietly gaining momentum—NEAR's flagship project Rhea Finance @rhea_finance ($RHEA) is about to launch its token. Rhea is the first full-stack DeFi platform on NEAR, created from the merger of NEAR's largest DEX Ref and the top lending protocol Burrow, with the initial code coming from NEAR co-founder Illia, ensuring its strong pedigree. Currently, the project's TVL has exceeded $250 million, with a 30-day trading volume ranking in the global DeFi Top 15, almost accounting for 90% of NEAR's on-chain transactions and lending, making it a phenomenon where one person equals one chain. $RHEA's strategic investors include mainstream institutions like OKX Ventures, JUMP, DragonFly, and Move Capital, with a total amount exceeding $4.5 million. It has already received support from OKX, Bitget, and Gate, and rumors suggest it will also be listed on the universe's largest exchange, Alpha. Is something big about to happen? The total supply of $RHEA is 1 billion, and the team has committed to long-term lock-up, with an initial circulation of about 24.6%, making the release pressure controllable. $RHEA can be used for buybacks and incentives, LP mining, yield enhancement mining, governance voting, and various other scenarios, making its practicality quite solid. In the same category, the leading $AAVE has an FDV of $4.7 billion, and Raydium has an FDV of $1.7 billion, while AAVE and Raydium's TVL are 50 billion and 1.91 billion, respectively. As NEAR's flagship DEX, leveraging its native leading advantage and strong liquidity binding, Rhea's TVL is $260 million, but its daily trading volume reaches as high as $125-150 million. Looking at it this way, $RHEA's FDV targeting AAVE and Raydium, aiming for $100 million should still have a chance. I recall that NEAR had the potential for meme coins in the last bull market, with a peak increase of nearly 40 times after launching a certain token. Will $RHEA take over the rhythm of $Near in this bull market? *** This tweet does not constitute any investment advice, DYOR.
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