what's thena?
Thena is a decentralized exchange (DEX) and liquidity layer built on the BNB Chain, designed to facilitate efficient token trading and liquidity provision. It integrates advanced mechanisms like concentrated liquidity and automated market makers to minimize slippage and optimize pricing for users. The protocol supports a range of DeFi activities, including spot trading, perpetual futures, and staking, all powered by its native governance and utility token. At its core, Thena employs a fusion of liquidity incentives and emissions to encourage participation in pools, where users can provide assets and earn rewards. It features tools like veTHE locking for governance and boosted yields, alongside integrations with aggregators and other protocols to enhance capital efficiency. The platform emphasizes low fees and high throughput, leveraging BNB Chain's infrastructure for scalable operations. Thena also extends to perpetual trading with leverage options on various assets, including major cryptocurrencies and memes, without funding rates in certain periods. Its ecosystem includes partnerships for stablecoin pools and restaking services, aiming to create a comprehensive liquidity hub within the BNB ecosystem.
THE tokens liquidated on Venus Protocol after suspected flash-loan attack borrowing $3.7M.
contract
binance-smart-chain
opbnb
Suffered a manipulation-driven liquidation event on Venus Protocol, resulting in $2.15M bad debt (1.18M CAKE + 1.84M THE). Attacker deposited 36.1M THE as collateral, borrowed over $3.7M in assets, and triggered liquidations via a coordinated price crash.
Liquidity pools featuring $VELVET, $SINGULARRY, and $SolvBTC are available for yield farming on BNB Chain.
Redemption mechanism from liveTHE to veTHE launches, allowing token holders to convert for governance participation and revenue claims in weekly cycles.
Integration with Chainlink standard completed this week, enabling oracle services access.
Building with Chainlink Runtime Environment (CRE) to provide verifiable data, interoperability, privacy, and compliance capabilities through an all-in-one orchestration layer on BNB Chain.
The platform is building a native options layer to provide risk management tools, leverage, and earning opportunities beyond swaps and spot exposure.
Integration with Chainlink standard completed, listed among 62 new integrations across multiple chains this week.
IDIA token staking sale launches on the platform with $15M Flying Tulip allocation, featuring two pool options (1x and 5x staking weight) running from October 31 to November 17, 2025, with purchase periods following through November 21.
Sprint 55 is now live, continuing the rewards program for participants after 1,000+ days of operation.
The project has generated $40 million in total cumulative revenue since its inception in January 2023.
Epoch 144 distributes over $300K to voters, and pool yields refresh with featured pools including $CDL, $BTC, and $BNB.
New partnership with CreditsLink brings 30,000 $CDL in incentives for pool voters, with $THE rewards going live for liquidity providers at the epoch change.
ThenaFi publishes roadmap outlining future development plans.
Perpetuals trading revenue shows significant increase over recent weeks, though still accounting for only a few percent of total revenue, with earnings flowing to veTHE holders.
Integration with Eigenpie launches mwBETH-wBETH stable liquidity pool offering 1.3% APR in $THE, 2.6% restaking yield, and 2x Eigenpie Points on BNB Chain.
Trading volume reaches over $1 billion across platforms including Binance during the project's strongest week in over 6 months, with total revenue exceeding $39M.
$THE experiences a +60% price pump, marking significant weekend trading activity for the project.
Analytics platform Nansen AI lists $THE among recommended utility plays in the perpetual DEX category for post-profit rotations.
Platform ranks among top 10 contributors to BNB Chain's GDP in Q3 2025, alongside major protocols like PancakeSwap, Venus, and Uniswap.
Daily spot DEX volume approaches $100M with 24-hour revenue exceeding $60,000, and AI trading agents are in development for the platform.
Platform launches mwBETH-wBETH liquidity pool with 1.3% APR in $THE and 2.6% restaking rewards via Eigenpie integration.
Official confirmation states the platform and website are safe from recent NPM supply chain security incident.
Platform adds Spanish and Portuguese language support to welcome LATAM community following participation in Binance Campus event that generated nearly 2,000 pieces of content.
Perpetual trading volume reaches all-time high
New WLFI perpetual trading launches with 20x leverage, powered by Orbs Network and Symm.io partnership.
Large holder locks 25M tokens for 3-month period, indicating bullish medium-term outlook.
Current epoch distribution reaches $150K for veTHE holders, emphasizing significant rewards for long-term token commitment.
Velvet Capital integrates with platform, launching VELVET/BNB pool with THE rewards and perpetual trading features.
Sparkdotfi integration launches with $SPK token and $THE rewards for liquidity providers, introducing perpetual trading features.
Double cashback promotion active for $THE purchases on Binance.
CEX trading volume surpasses multiple larger DEXs, marking significant market behavior change.
New veBLACK + BLACK airdrop launches on Avalanche with $THE holders eligible for distribution.
BlackholeDex airdrop includes eligibility for LP providers and voters, with claim period starting 2 days post-TGE.
Price drops below 100k with 1000 holder milestone reached.
Eigenpiexyz partnership introduces mwBETH-wBETH liquidity pool offering 5.3% APR plus 2x point multiplier.
Liquidity reaches $1.8M, tripling since April 2025.
New Chainlink Automation integration enables automatic voting, relocks, and rebase claims for veTHE holders.
Platform launches support for 4 new languages including Korean and Vietnamese.
Total revenue nears $40M milestone with uninterrupted rewards across 127 epochs and two successful migrations.
New $CA/BNB pool launches with $3,000 voting incentives and $THE rewards.
New liquidity management feature enables yield optimization beyond default 5% range, pushing returns into quadruple digits.
$MILK token launches on platform with new liquidity pool, introducing cross-chain staking capabilities through Milky Way Zone partnership.
Record daily trading volume reaches $260M with 10x reduction in gas fees on BNB Chain, ahead of May 29 V3.3 emissions transition.
New gaming functionality launches featuring THE Towers with $50k ADODO Nodes rewards campaign.
Protocol upgrade V3.3 scheduled for May 29 launch.
Public beta of V3.3 is live with voting starting May 22 and new emissions launching May 29.
PUFFER/BNB liquidity pool now includes active $THE token rewards.
Yield farming rewards increased to 5x multiplier in Seeds Boost program.
Four new liquidity pools launch with yield farming rewards: KILO/BNB, BR/BNB, BANK/BNB, and PUFFER/BNB pairs.
Protocol revenue surges 100% to $250k this epoch, reaching 2-month high with increased trading activity.
Protocol upgrade from Orbs Network delivers enhanced UI, security, and 90% gas cost reduction.
Trading volume surpasses $33B following Binance listing
Binance delists THE/BTC trading pair effective May 9, 11:00 UTC+8, citing low liquidity and poor trading volume.
Protocol generates $38M revenue while supporting thousands of users and dozens of protocols on BNB Chain.
Multiple farming pools are active with high yields, topped by USDT-WETH pool at 93% APR.
Five active farming pools offer 31-127% APY across major token pairs, with USDT-WETH pool yielding highest returns.
Catex_Fi launches token airdrop targeting active and aligned community members.
DEX achieves $33+ billion in trading volume since January 2023 launch.
Strategic investment round closing soon with multiple partnerships announced.
New liquidity pool offers 15% APR and 4x Eigenpie Points multiplier for mwBETH-wBETH pair.
Protocol ranks among top 3 fee generators on BNB Chain in Q1 '25, alongside PancakeSwap and Venus Protocol.
Generated $36M in revenue over 26 months. Plans for THENA V3,3, AI agents launching in 2025.
Q4 vs Q3 2024 metrics after Binance listing: TVL +112%, Volume +195%, Revenue +170%, Total Visitors +208%, Daily Active Users +190%.
Announced strategic partnership with Binance Labs in December 2024.
Trading at $0.1928 in January, peaked at $3.30 on November 29. Current price $1.73. Thenian NFT mint price was ~2 BNB ($250-300), current floor 5.9 BNB. Annualized fees of $69.44M based on last 30 days. Nearly $4B in volumes since start of December.
New lending pools launched on BNB Chain for USDT/THE, BNB/THE, USDT/TAROT pairs.
Currently experiencing significant price movement, new trading pairs added with up to 20x leverage available on partner platforms.
Frontend partner listed on Binance with $THE airdrop.
Trading at $197m market cap with expectations of reaching $1b market cap according to discussions.
Listed on Binance with HODLer Airdrop distributions already completed.
New listings announced on Binance Earn, Buy Crypto, Convert, Margin & Futures, as well as THEUSDT Perpetual Contract on Bybit.
500% price increase after Binance listing announcement. $54M market cap with $27M in 24-hour volume.
Making DeFi revolution with ThenaFi. Mentioned in market overview with +432.7% gains.
Listed on Binance with HODLer airdrops announced. Achieved 5x from first call, with expectations to reach $1B market cap.
Launching on Binance HODLer Airdrops with BNB Simple Earn subscription.
Trading volume reached $227M in 2 days, with TVL holding at $35M.
TVL of $34m and 24h volume over $39m. Market cap at $10m. Similar model to Aerodrome with AMM v3. Backed by CZ and BNB Chain.