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Still keeping an eye on $RHEA here as I think it looks really solid
Price has mostly been ranging and holding structure, looks like it's carving out a clean monthly base.
From a fundamentals angle, it's got a fairly complete DeFi stack:
Lending + borrowing
Margin trading
CLMM + spot aggregation
Cross-chain routing
Built on $NEAR
Volume/TVL metrics are solid compared to some bigger names, but it's still under the radar. They also generating approx. 2 mill. in annualised revenue - working product, working business.
Feels like one to keep on the watchlist while it ranges as my expectation is this gets repriced higher over the year.
It just got listed on so i'll be keeping tabs on some of the more granular positioning data as it becomes further entrenched in market at large.