Binance Labs and THENA join forces to advance the BNB Chain ecosystem

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

THENA (THE), a decentralized exchange and liquidity mechanism on the BNB Chain, has secure investment Since Binance Labsthe venture funding and incubator arm of Binance.

Launched in January 2023, THE adopts the innovative ve(3,3) tokenomics model, which is a blend of decentralized governance and liquidity staking. This tokenomics model compensates token holders for their dedication and involvement in platform choices by locking their tokens for a predetermined duration. The concept rewards users and ties them to the success of the protocol, which encourages 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 highlighted the strategic advantage of Binance Labs’ support and expressed his excitement for THE’s next chapter.

In 2024, Binance Labs has actively supported several notable projects, including Corewho got $10 million, and PieuPierrewhich raised $22 million. Its latest investment in THENA aligns with its mission to drive innovation and scalability in 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. Its 24-hour trading volume stands at $120.1 million, reflecting active market participation, while its total value locked (TVL) is $54.1 million.

Reaching an all-time high of $4.03 in November 2024, THE has demonstrated significant potential, although current prices reflect a 59.6% decline from these all-time highs. 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%.

With the strategic support of Binance Labs, THE is well positioned to further its goal of promoting the adoption of decentralized finance. Its focus on innovation, scalability and user-centric solutions allows it to maintain its position as the ultimate decentralized exchange and liquidity protocol and opens the door for further expansion within the DeFi ecosystem.