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 the BNB network.
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.
It was stated that the funds raised through Binance’s investment will be strategically used to accelerate the development and expansion of the THENA platform, strengthen security measures, scale user acquisition efforts, strengthen partnerships and collaborations in the BNB Chain ecosystem, and drive innovation in DeFi. .
“Binance Labs is always committed to investing in projects that unlock meaningful use cases and support the growth of the ecosystem,” said Alex Odagiu, Chief Investment Officer of Binance Labs. “THENA’s approach to liquidity and keen focus on user experience make them 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 attract the masses online. “
“Adding Binance Labs as a strategic partner marks an important moment in our growth journey,” said Theseus, CEO and co-founder of THENA. “The support of Binance Labs, known for its Web3 expertise and investments in top-tier DeFi protocols, will significantly 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 following investment news from Binance Labs.
*This is not investment advice.