Rhea Finance β Statistical Analysis
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2.5
With $22.0M TVL and $5.9M 24h volume (~0.27x daily turnover), activity is improving (+128.44% 1d volume) but monetization is thin (~0.06% fee/vol) and risk signals persist (0 audits, Trust Score N/A).
1. Market Overview
- Scale: $22.0M TVL with +8.91% 24h TVL change.
- Trading activity: $5.9M 24h volume (market activity also reports $4.8M, implying data-source dispersion); $34.6M (7d) and $230.2M (30d).
- Token size: $2.2M market cap vs $11.2M FDV; circulating 200M of 1.00B max (only 20% float).
2. Capital Efficiency
- Turnover: 24h Vol/TVL = 5.9/22.0 = 0.27x (capital turns over ~27% per day).
- Persistence: 7d Vol/TVL = 34.6/22.0 = 1.57x; 30d Vol/TVL = 230.2/22.0 = 10.46x (high monthly turnover for this TVL base).
- Momentum: +128.44% 1d volume change indicates a sharp activity spike, but needs confirmation in sustained 7d/30d run-rate.
3. Liquidity & Pair Spread
- Breadth: 43 coins across 89 pairs β 2.07 pairs/coin, suggesting moderate listing breadth without extreme fragmentation.
- Average flow per market: $5.9M / 89 β $66K per pair per day; per asset: $5.9M / 43 β $137K per coin per dayβimplying many pairs likely sit below institutional-grade liquidity.
- Staking vs LP depth: staking TVL $1.7M is 7.7% of TVL (1.7/22.0), leaving the majority to trading liquidity but not necessarily concentrated in top pairs.
4. Chain Dominance
- TVL deployment: Near = $22.0M (β100%), creating single-chain dependency for liquidity, users, and risk surface.
- Cross-source TVL gap: CoinGecko TVL $112.8M vs $22.0M here (β5.13x difference), a material discrepancy that complicates capital-at-work assessment and should be reconciled before sizing risk.
5. Analyst Verdict
- Monetization: 24h fees $3.7K on $5.9M volume β fee rate β 0.0627%; 30d fees $82.6K on $230.2M β β 0.0359% (thin take).
- Value capture: revenue $747 (24h) and $16.5K (30d) implies revenue/fees β 20% (24h 747/3,700, 30d 16.5K/82.6K), with most fees likely passed through to LPs.
- Valuation vs TVL: MCap/TVL = 0.02 and FDV/TVL = 0.10 are very low, consistent with weak market confidence and/or under-recognized cashflows; compounded by dilution headroom (FDV β 5.1x mcap).
- Risk flags: Trust Score N/A and 0 audits reduce maturity signals despite improved activity; price is ~90% below ATH ($0.0112 vs $0.1133) and only ~11% above ATL ($0.0101), indicating fragile sentiment.