Orbs Celebrates Milestones Following THENA Investment Including Binance Listing
Tel Aviv, Israel, November 29th, 2024, Chainwire
Orbs, the leading Layer-3 blockchain infrastructure provider, is celebrating a string of milestones following its investment in THENA. Since Orbs began supporting THENA with a combination of capital, marketing, and technical integrations, the BNB Chain liquidity protocol has reached new heights, culminating in THENA’s listing on Binance.
Over the past year, THENA has benefited from Orbs’ suite of advanced Layer-3 trading solutions, including integrations of dTWAP, dLIMIT, Liquidity Hub, and Perpetual Hub. These technologies have enabled THENA to deliver efficient trading execution, robust liquidity management, and innovative perpetual trading features.
In addition to providing the infrastructure to support THENA’s growth, Orbs has supplied the investment for it to build out its roadmap following a strategic $600,000 investment in late 2023. Coupled with technical and marketing collaboration, Orbs’ input has extended THENA’s visibility on BNB Chain and enabled it to grow its market share.
The partnership began in March 2023, when Orbs identified THENA as a promising DeFi protocol. Recognizing THENA’s focus on building a ve(3,3)-powered DEX, Orbs made a strategic commitment to support its long-term growth. THENA was one of the first protocols to adopt Orbs’ dTWAP and dLIMIT technologies, providing users with advanced trading tools for precise execution and order automation.
The inclusion of Orbs Liquidity Hub further enhanced trading efficiency, offering MEV protection, aggregated liquidity, and gasless transactions. In July 2024, Orbs introduced its Perpetual Hub to THENA, enabling users to participate in leverage trading with reduced collateral requirements. These integrations significantly expanded THENA’s product offerings and positioned it as a universal DeFi hub on BNB Chain.
Orbs has supported THENA in expanding its market reach through targeted campaigns and strategic introductions. A community meetup in Seoul, organized in March 2024, marked THENA’s entry into the Korean market and strengthened its user base in Asia. Similarly, joint showcases at Edcon Tokyo and Token2049 Singapore highlighted THENA’s advanced technology and reinforced its reputation as a leader in DeFi innovation.
In November 2024, THENA achieved a significant milestone with its listing on Binance, the world’s largest cryptocurrency exchange. The listing, preceded by a Binance airdrop campaign, catalyzed a surge in user interest, culminating in THENA’s native token reaching an all-time high. This achievement underscores the strength of THENA’s ecosystem, built on a foundation of advanced technology, robust tokenomics, and a focused team.
“THENA’s success shows what true partnership and focus can achieve in DeFi. By integrating Orbs’ tech and supporting their vision with strategic investment, we’ve helped set a new standard for on-chain trading. The THENA team’s dedication to the Binance ecosystem has been incredible, and we’re proud to be part of their journey. This is just the start!” said Ran Hammer, VP of Business Development at Orbs.
Looking ahead, Orbs and THENA remain committed to driving DeFi innovation. THENA continues to prioritize its development within the BNB Chain ecosystem, leveraging Orbs’ infrastructure to deliver cutting-edge trading features and expand its market presence.
About Orbs
Orbs is a decentralized Layer-3 (L3) blockchain infrastructure designed specifically for advanced on-chain trading. Orbs optimizes trading with aggregated liquidity, advanced trading orders, and on-chain derivatives. Orbs enhances the capabilities of both EVM and non-EVM smart contracts without moving liquidity onto a new chain. This one-of-a-kind setup acts as a decentralized backend that brings CeFi-level execution to DeFi trading.
Learn more: https://www.orbs.com/
About THENA
THENA is a decentralized exchange (DEX) built on BNB Chain, leveraging ve(3,3) mechanics to drive liquidity and reward participation. Focused on delivering advanced trading solutions, THENA empowers users with a seamless DeFi experience including spot and perps trading, liquidity pools, and fiat on-ramp.
Learn more: https://thena.fi/
