Rhea Finance β Statistical Analysis
Rhea Finance demonstrates moderate market traction with room for improvement in capital efficiency and liquidity spread.
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
Rhea Finance has a Total Value Locked (TVL) of $26.8M, with a 24h trading volume of $3.7M. The protocol has listed 41 coins and 85 trading pairs, indicating a moderate level of market activity. The 24h TVL change of 2.12% suggests a relatively stable market condition.
2. Capital Efficiency
The Volume/TVL ratio is approximately 13.8% ($3.7M / $26.8M), indicating a moderate level of capital efficiency. This suggests that the protocol's liquidity is not fully utilized, leaving room for improvement. A higher turnover ratio would indicate more efficient use of locked assets.
3. Liquidity & Pair Spread
With 85 trading pairs and 41 listed coins, the protocol's liquidity is relatively concentrated. The average liquidity per pair is approximately $315,000 ($26.8M / 85 pairs), indicating a moderate level of liquidity depth. However, the concentration of liquidity in a few pairs may lead to liquidity fragmentation.
4. Chain Dominance
Rhea Finance's TVL is entirely deployed on the Near chain, with a total value of $26.8M. This suggests a high level of dependence on a single chain, which may pose risks to the protocol's overall health and stability.
5. Analyst Verdict
Rhea Finance's moderate market traction and capital efficiency are offset by its high dependence on a single chain and relatively low trust score. The protocol's revenue and fees are also relatively low, indicating room for improvement in its business model. Overall, the protocol's health is moderate, with a score of 3.5.