In the past month, Near has appeared on the list of the most active addresses on-chain, with 51 million monthly active addresses, second only to Solana. Looking at the TVL based on $Near, the ecosystem has been steadily growing since the beginning of 2023. Among them, Rhea has the highest TVL, accounting for 95% of the TVL on the Near chain. This is because @rhea_finance was formed by the merger of two protocols, Ref Finance and Burrow Finance. The merged Rhea has become a massive DeFi system with a TVL of $150 million. ╰┈➤ DeFi Product System Rhea includes DEX, lending products, cross-chain bridges, and staking. ▌ DEX Rhea DEX is a self-custodial DEX, where funds are kept in wallets without needing to deposit them on the platform. Rhea DEX supports spot swap trading and leveraged trading. ◆ Spot Swap The total TVL for swap trading is $40.69 million, with a trading volume of $5.33 million in the last 24 hours. ◆ Leveraged Trading Leveraged trading currently supports up to...
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