According to the latest announcements, Binance Labs has invested in THENA, a decentralized exchange (DEX) and liquidity protocol on BNB Chain. THENA is a platform that launched in January 2023. Its goal is to create a liquidity layer that combines the best features of DeFi protocols. Following this development, THE increased by more than 10% in a short time. Here are the details
Binance Labs invests in THENA
Binance Labs invested in THENA, a decentralized exchange (DEX) and liquidity protocol built on BNB Chain. According to their own statement, Binance Labs is always looking to invest in projects that create meaningful use cases and support ecosystem development. Binance Labs has funded THENA, a decentralized exchange (DEX) and liquidity protocol built on BNB Chain. Alex Odagiu, Chief Investment Officer of the exchange’s investment arm, said
Binance Labs is always looking to invest in projects that create meaningful use cases and support ecosystem development. THENA’s approach to liquidity and strong focus on user experience positions them as a key player in DeFi’s next wave of growth, and we are excited to support them in their quest to become a ‘SuperApp’ platform that will engage the masses on-chain.
Launched in January 2023, THENA is an innovative project that embraces the (3,3) tokenomics model. Its mission is to build a comprehensive, composable liquidity layer that combines the best features of the leading DeFi protocols on a single platform. By prioritizing security, scalability and user experience, THENA aims to drive mass adoption of DeFi, empower individual users and foster a thriving ecosystem built on transparency and collaboration. Theseus, co-founder and CEO of Thena, made the following statements:
“Bringing Binance Labs on board as a strategic partner marks a pivotal moment in our growth journey. Recognized for its expertise in Web3 and investments in high-end DeFi protocols, Binance Labs’ support will greatly accelerate our mission to bring our cutting-edge DEX to a global audience. We look forward to sharing more exciting developments in the coming weeks.
Altcoin price jumps
The funds raised will be strategically used to accelerate the development and expansion of THENA’s platform, increase security measures, scale user acquisition efforts, strengthen partnerships and collaborations in the BNB Chain ecosystem, and drive innovation in DeFi. Meanwhile, THE, which was affected by Binance Labs’ investment news, increased by more than 10 percent in a short time and is currently trading at $ 1,597.
Meanwhile, according to an official announcement, Binance Labs stated on social media that it is “about to be renamed” as it moves towards 2025. However, it has officially stated that it will still focus on fundamentals and aim to make a long-term impact. Moving towards 2025 and beyond, the organization will continue to support founders with a shared long-term vision.
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