Bitget announced on July 30, 2025, the listing of Rhea Finance (RHEA) in its Innovation Zone for spot trading. Trading for the RHEA/USDT pair commenced at 14:00 UTC that day, with withdrawals enabled starting July 31 at 15:00 UTC. Rhea Finance emerged from the strategic merger of Ref Finance and Burrow Finance on the NEAR Protocol, positioning itself as a chain-abstracted liquidity hub designed to streamline cross-chain interoperability and community-driven incentives.
The listing underscores Bitget's commitment to advancing DeFi ecosystems, particularly for NEAR-based projects. By integrating RHEA—which serves as NEAR's central liquidity layer—Bitget aims to enhance accessibility for retail and institutional investors. Market data revealed RHEA trading at $0.03651 with a 24-hour volume of $18.68M on July 31, despite a 26.54% price drop after reaching an all-time high of $0.05380. Analysts noted potential liquidity growth for NEAR's DeFi sector but cautioned about inherent volatility risks.