Binance Labs has announced that it has invested in THENA, a decentralized exchange (DEX) and liquidity protocol.
Launched in January 2023, THENA runs on BNB Chain and stands out for its innovative (3,3) tokenomics model. The project aims to create a comprehensive and compatible liquidity layer by combining the best features of leading DeFi protocols.
THENA’s core mission is to enable mass adoption of DeFi by prioritizing security, scalability, and user experience, empowering individual users, and building an ecosystem based on transparency and collaboration.
The funds provided by Binance Labs will be used to develop and expand the THENA platform, strengthening security measures, increasing user acquisition, deepening partnerships within the BNB Chain ecosystem, and encouraging innovation in the DeFi space.
“Binance Labs aims to invest in projects that offer meaningful use cases and support ecosystem development,” said Alex Odagiu, Binance Labs’ Chief Investment Officer, in a statement following the investment. “THENA’s approach to liquidity and strong focus on user experience make them a key player in the next phase of DeFi growth. We are excited to support THENA’s ‘SuperApp’ vision.”
, THENA’s token, THE, rose from $1.41 to $1.68 within minutes after this announcement.