Binance Labs, the venture capital and incubation arm of Binance, the world's largest cryptocurrency exchange, announced that it has invested in THENA.
According to the announcement, Binance Labs has invested in Thena, a decentralized exchange (DEX) and liquidity protocol built on BNB Chain.
By prioritizing security, scalability, and user experience, THENA aims to enable mass adoption of DeFi, empower individual users, and foster a thriving ecosystem based on transparency and collaboration.
It was stated that the funds raised through the Binance investment will be strategically used to accelerate the development and expansion of the THENA platform, enhance security measures, scale user acquisition efforts, strengthen partnerships and collaborations within the BNB Chain ecosystem, and foster innovation in DeFi.
“Binance Labs is always looking to invest in projects that unlock meaningful use cases and support ecosystem development,” said Alex Odagiu, Chief Investment Officer at Binance Labs. “THENA’s approach to liquidity and strong focus on user experience positions them as a key player in the next wave of DeFi growth, and we are excited to support them in their quest to become the ‘SuperApp’ platform that will engage the masses on-chain.”
“Welcoming Binance Labs as a strategic partner marks a significant moment in our growth journey,” said Theseus, CEO and Co-Founder of THENA. “Known for their expertise in Web3 and investments in top-tier 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.”
Thena (THE) price rose after the investment news from Binance Labs.
*This is not investment advice.
