THENA Secures Strategic Investment from Binance Labs to Drive DeFi Innovation.
THENA (THE), a decentralized exchange and liquidity mechanism on the BNB chain, has secured investment from Binance Labs, the venture financing and incubator arm of Binance.
Launched in January 2023, THE adopts the innovative ve(3,3) tokenomics model, which is a mix of decentralized governance and liquidity staking. This tokenomics model compensates token holders for their commitment and participation in platform selection by locking their tokens for a predetermined period of time. The concept rewards users and ties them to the success of the protocol, promoting sustainability and long-term support.
“THENA’s approach to liquidity and focus on user experience positions them as a key player in the next wave of DeFi growth,” said Alex Odagiu, Investment Director at Binance Labs.
Theseus, CEO and co-founder of THE, called the partnership with Binance Labs a “pivotal moment” in the platform’s growth. He highlighted the strategic advantage of supporting Binance Labs and expressed excitement about THE’s next chapter.
In 2024, Binance Labs has actively supported several notable projects, including Kernel, which secured $10 million, and StakeStone, which raised $22 million. The recent investment in THENA is in line with its mission to promote 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 stands at $120.1 million, reflecting active market activity.
