Rhea Finance (REF)
Total Value Locked$164.89m
TVL by Chain
Near$164.89m
Key Metrics
Fees (Annualized)$7.73m
Fees 30d$633,753
Fees 7d$171,453
Fees 24h$24,547
Cumulative Fees$3.57m
Revenue (Annualized)$1.87m
Revenue 30d$153,219
Revenue 7d$41,394
Revenue 24h$6,064
Cumulative Revenue$783,443
DEX Volume 30d$3.227b
DEX Volume 7d$712.28m
DEX Volume 24h$135.62m
Cumulative DEX Volume$13.824b
Market Cap$4.27m
$REF Price$0.11
All Time High$10.64
All Time Low$0.041
Fully Diluted Valuation$10.94m
$REF Volume 24h$41,577
CEX Volume$9,829
DEX Volume$41,578(100% of total)
Borrowed$100.41m
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$164.89m
TVL by Chain
Near$164.89m
fetching dex volume...
Key Metrics
Fees (Annualized)$7.73m
Fees 30d$633,753
Fees 7d$171,453
Fees 24h$24,547
Cumulative Fees$3.57m
Revenue (Annualized)$1.87m
Revenue 30d$153,219
Revenue 7d$41,394
Revenue 24h$6,064
Cumulative Revenue$783,443
DEX Volume 30d$3.227b
DEX Volume 7d$712.28m
DEX Volume 24h$135.62m
Cumulative DEX Volume$13.824b
Market Cap$4.27m
$REF Price$0.11
All Time High$10.64
All Time Low$0.041
Fully Diluted Valuation$10.94m
$REF Volume 24h$41,577
CEX Volume$9,829
DEX Volume$41,578(100% of total)
Borrowed$100.41m
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 | $631,845 | $1.14m | $672,617 | $1m | $124,077 |
| Revenue | $152,847 | $270,471 | $134,522 | $200,666 | $24,815 |
| Earnings | $152,847 | $270,471 | $134,522 | $200,666 | $24,815 |