Rhea Finance (REF)
Total Value Locked$158.65m
TVL by Chain
Near$158.65m
Key Metrics
Fees (Annualized)$8.1m
Fees 30d$663,828
Fees 7d$186,437
Fees 24h$28,124
Cumulative Fees$3.74m
Revenue (Annualized)$1.94m
Revenue 30d$158,971
Revenue 7d$43,929
Revenue 24h$6,678
Cumulative Revenue$821,769
DEX Volume 30d$3.331b
DEX Volume 7d$722.93m
DEX Volume 24h$61.95m
Cumulative DEX Volume$14.337b
Market Cap$9.02m
$REF Price$0.23
All Time High$10.64
All Time Low$0.041
Fully Diluted Valuation$23.1m
$REF Volume 24h$20,792
CEX Volume-
DEX Volume$20,788(99.98% of total)
Borrowed$95.1m
Total Raised$9.8m
Feb 19, 2022$4.8mRound: Strategic Investors: Jump Crypto, Alameda Research, Dragonfly CapitalSource: https://twitter.com/CoinDesk/status/1494297339342864384
Mar 31, 2022$5mRound: Investors: Dragonfly Capital, ParaFi Capital, Jump Crypto, Lemniscap, Mentha Partners, Warburg Serres Investments, QCP Capital, DeFi Capital, D1 Ventures, GFS Ventures, SevenX Ventures, IOSG Ventures, Kronos Research, Move Capital, Metaweb VenturesSource: https://twitter.com/burrowcash/status/1509207917689708544
Rhea Finance (REF)
Total Value Locked$158.65m
TVL by Chain
Near$158.65m
Key Metrics
Fees (Annualized)$8.1m
Fees 30d$663,828
Fees 7d$186,437
Fees 24h$28,124
Cumulative Fees$3.74m
Revenue (Annualized)$1.94m
Revenue 30d$158,971
Revenue 7d$43,929
Revenue 24h$6,678
Cumulative Revenue$821,769
DEX Volume 30d$3.331b
DEX Volume 7d$722.93m
DEX Volume 24h$61.95m
Cumulative DEX Volume$14.337b
Market Cap$9.02m
$REF Price$0.23
All Time High$10.64
All Time Low$0.041
Fully Diluted Valuation$23.1m
$REF Volume 24h$20,792
CEX Volume-
DEX Volume$20,788(99.98% of total)
Borrowed$95.1m
Total Raised$9.8m
Feb 19, 2022$4.8mRound: Strategic Investors: Jump Crypto, Alameda Research, Dragonfly CapitalSource: https://twitter.com/CoinDesk/status/1494297339342864384
Mar 31, 2022$5mRound: Investors: Dragonfly Capital, ParaFi Capital, Jump Crypto, Lemniscap, Mentha Partners, Warburg Serres Investments, QCP Capital, DeFi Capital, D1 Ventures, GFS Ventures, SevenX Ventures, IOSG Ventures, Kronos Research, Move Capital, Metaweb VenturesSource: https://twitter.com/burrowcash/status/1509207917689708544
Protocol Information
Rhea Finance merges Ref Finance and Burrow Finance to create NEAR’s most powerful DeFi hub, connecting Bitcoin, NEAR, and EVM ecosystems. By consolidating liquidity, lending, and trading under one entity, Rhea Finance unlocks a seamless DeFi experience for institutional and retail users alike.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Rhea Dex: Swap fees paid by usersView code on GitHubRhea Lend: Interest paid by borrowersView code on GitHub
Revenue:
Rhea Dex: Percentage of swap fees going to treasury and/or token holdersView code on GitHubRhea Lend: Percentage of interest going to treasuryView code on GitHub
DEX Volume: Volume of all spot token swaps that go through the protocol
Income Statement for Rhea Finance
| Q3 2025* | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | |
|---|---|---|---|---|---|
| Fees | $795,581 | $1.14m | $672,617 | $1m | $124,077 |
| Revenue | $191,295 | $270,471 | $134,522 | $200,666 | $24,815 |
| Earnings | $191,295 | $270,471 | $134,522 | $200,666 | $24,815 |