Only Two Coins Are Actually NEAR Native
Only Two Coins Are Actually NEAR Native
12 hours ago•VirtualBacon•@virtualbacon
YouTube6 min 22 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

Consider investing in Rhea Finance (RIA) at its current $17 million circulating market cap as a high-upside opportunity tied to the growth of both NEAR Protocol and Zcash. As the dominant decentralized exchange and lending hub on NEAR, RIA holds a strong competitive moat while serving as the primary gateway for ecosystem liquidity. Concurrently, Aurora (AURORA) offers an attractive entry point near a $17 million market cap for investors seeking exposure to cross-chain infrastructure connecting Ethereum-compatible networks to NEAR. With over 73% of its token supply now circulating, AURORA has largely cleared early venture capital unlock pressure, making both assets compelling micro-cap plays in the DeFi sector.

Detailed Analysis

Rhea Finance (RIA)

  • Formed through the merger of Ref Finance (the first and only decentralized exchange on NEAR Protocol) and Burrow (the primary lending protocol on NEAR).
    • Possesses a significant moat due to the high barrier of entry for non-native developers trying to build on NEAR.
  • Functions as the primary DeFi hub and user-friendly interface to swap in and out of NEAR using NEAR Intents, which also services Zcash cross-chain liquidity.
  • Trades at approximately a $17 million circulating market cap with a $42 million fully diluted valuation (FDV).

Takeaways

  • Positioned as an asymmetric leverage play on the growth of both the NEAR Protocol and Zcash ecosystems due to its role as the dominant native decentralized exchange and lending hub.

Aurora (AURORA)

  • Built by the original core development team behind the Rainbow Bridge to connect Ethereum-compatible networks to NEAR Protocol.
  • Developed the infrastructure behind NEAR Intents and Intents Connect, powering chain abstraction and complex cross-chain transactions across more than 20 blockchains.
  • Currently trades around a $17 million market cap.
  • Over 73% of the token supply is now circulating after four and a half years of vesting, significantly reducing the historical venture capital dump pressure from its initial launch.

Takeaways

  • Represents an undervalued infrastructure play supporting complex DeFi and cross-chain routing on NEAR, with the majority of early investor token unlock pressure already cleared.
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Video Description
When a chain runs, the money that moves hardest is not the chain token, it is the decentralized exchange and the lending protocol sitting on top of it. Jupiter, Pyth and Kamino ran ahead of Solana, and PancakeSwap ran ahead of BNB, so the same question applies to NEAR. The answer on NEAR is that only two projects are genuinely native. Ref Finance is the earliest and only decentralized exchange on the chain, Burrow the first and only lending protocol, and the two have merged. Almost everything else on the ecosystem list is EVM that merely integrates with NEAR, which is why it cannot tap the intents liquidity network directly. Aurora is the second, the team that built the first bridge to NEAR, whose token spent four and a half years being sold down by venture holders until 73 percent of supply was circulating. ---------------------------------------------------- All Exchanges and Links ✅ FOMO Social Trading: https://bacon.link/fomo (Follow my real on-chain trades live. Real money on my actual account, so you see exactly what I hold, my size, and my entries) ✅ Toobit Exchange: https://bacon.link/toobit ($50 Free Bonus, No Verification Required) ✅ PropW: https://bacon.link/propw (Trade a $50K Funded Account) ✅ Bitunix Exchange: https://bacon.link/bitunix ($5,500 Bonus, no KYC) ✅ ByBit Exchange: https://bacon.link/bybit ($30,000 Bonus, KYC Needed) 🧰 Toobit Agent Trade Kit (connect an AI agent to the exchange): https://www.toobit.com/agent-tradekit 💎 Join The Coiners, our Trading Dashboard and Community: https://thecoiners.io 📢 Follow my X for Quick Alpha: https://x.com/virtualbacon 📢 Telegram, the daily market briefing and live alerts: https://t.me/virtualbacon 📢 Courses, Exchange Guides, and All Links: https://virtualbacon.com/ ----------------------------------------------------- My Other Videos 8 Years of Crypto Trading Advice in 40 Minutes 👉 https://youtu.be/p9iEJgFReB8 Crypto Investing for Beginners, Full Course 👉 https://youtu.be/niT7g4ghm3o ----------------------------------------------------- Chapters 0:00 Buy the Exchange, Not the Chain 1:14 Why Only Two Projects Are Native 3:17 Aurora and the Launch Everyone Hated 4:30 Where the Twenty Million Went ----------------------------------------------------- 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome. #Bitcoin #BTC #BullRun #Crypto #CryptoNews #VirtualBacon #BitcoinPrice #BitcoinAnalysis #Altcoins #NEAR #Zcash #PrivacyCoins #Monero #Fed #InterestRates #Nasdaq
About VirtualBacon
VirtualBacon

VirtualBacon

By @virtualbacon

I'm Dennis, a Crypto angel investor with 100+ startups in our portfolio. On this channel I share my views on market trends and investing strategy for Crypto.