Orbs Invests $600,000 to Boost THENA’s Growth and Binance Listing
Layer-3 blockchain infrastructure provider Orbs announced its significant involvement in the development of THENA, a decentralized exchange (DEX) on the BNB Chain (BEP-20). With a $600,000 investment in late 2023 and advanced trading technologies, Orbs supported THENA's achievements, including its November 2024 listing on Binance, the largest cryptocurrency exchange.
A Two-way Business Relationship
The partnership began in March 2023 when Orbs identified THENA’s potential as a ve(3,3)-powered liquidity protocol. Orbs provided capital for THENA to develop its roadmap and necessary resources to thrive in the competitive crypto market. This included infrastructures and marketing initiatives to enhance visibility and attract users.
THENA utilized Orbs’ advanced trading solutions, such as dTWAP and dLIMIT, for automated trading and liquidity management. Additionally, THENA leveraged Orbs Liquidity Hub and Perpetual Hub for efficient trading execution, introducing features like MEV protection, aggregated liquidity, and leveraged trading.
Ran Hammer, VP of Business Development at Orbs, stated that the partnership exemplifies what can be achieved in DeFi through collaboration and strategic investment, setting new standards for on-chain trading.
Expanding Global Footprint
Orbs also contributed to the listing of THENA’s native token “THE” on Binance. THENA conducted an airdrop campaign prior to the token's official trading on Binance, which significantly increased user interest and trading activity, driving THE to an all-time high of $2.88 from below $1.
Furthermore, Orbs facilitated THENA’s global expansion, highlighted by its entry into the South Korean market with a community meetup in Seoul in March 2024. The project gained international recognition by participating in major blockchain events, including Edcon Tokyo and Token2049 Singapore.