THENA secures strategic investment from Binance Labs to drive DeFi innovations.

thena (the), which is a decentralized exchange and liquidity mechanism on the BNB chain Guaranteed investment from Binance Labsthe venture financing arm and incubator of Binance.

Launched in January 2023, THE adopts the innovative token model ve(3,3), a combination of decentralized governance and liquidity stakes. This token model compensates token holders for their dedication and participation in platform choices by locking their tokens for a pre-determined period of time. This concept rewards users and links them to the success of the protocol, encouraging long-term sustainability and support.

“THENA’s approach to liquidity and focus on user experience positions it as a key player in the next wave of DeFi growth,” said Alex Odagiu, Chief Investment Officer at Binance Labs.

Theseus, CEO and co-founder of THE, described the partnership with Binance Labs as a “pivotal moment” for the platform’s growth. He emphasized the strategic advantage of supporting Binance Labs and expressed his excitement for THE next chapter.

In 2024, Binance Labs Actively supported many prominent projects, incl nucleuswhich received $10 million, and StakeStoneWhich raised $22 million. Its recent investment in THENA is in line with its mission to foster innovation and scalability across the blockchain ecosystem.

The token is currently trading at $1.68, with a market cap of $91.3 million and a fully diluted valuation of $394 million. The 24-hour trading volume is $120.1 million, reflecting active market participation, while the total value locked (TVL) is $54.1 million.

Having reached an all-time high of $4.03 in November 2024, THE has shown great potential, even as current prices reflect a 59.6% decline from those peak levels. The token has seen a rapid recovery since its all-time low of $0.0572 in September 2023, representing an increase of over 2,748%.

Thanks to the strategic support provided by Binance Labs, THE is well-positioned to advance its goal of encouraging the adoption of decentralized finance. Its focus on innovation, scalability, and user-centric solutions enables it to maintain its position as a prominent decentralized exchange and liquidity protocol and opens the door for further expansion within the DeFi ecosystem.