THENA THE Crypto Explodes as DeFi Takes Center Stage on BNB Chain

THE, the token behind THENA, a trading protocol on the BNB Chain, is on fire. The token rose 80% yesterday, following news of ambitious expansion plans and strategic partnerships.

Just as Bitcoin and some of the best cryptos to buy are retracing after posting sharp gains over the weekend, spilling into Monday, interest is rapidly shifting to THE1 (No data), the native token of the decentralized exchange supporting perpetual futures trading on the BNB Chain, THENA.

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THE Crypto Rockets 80%

Unlike BTC and BNB, both of which are shaky based on daily chart candlestick formations, THE crypto is resilient.

It is up an impressive 82% in the last day alone and emerged as a top performer, easily outperforming even some of the top Solana meme coins.

From the THEUSDT daily chart, it is evident that buyers are firmly in control. The surge on July 15 is with high relative volume, pointing to interest.

Due to this rapid expansion, THE is now trading at new five-month highs, reaching mid-February levels.

If bulls maintain momentum today, THE crypto could easily climb to $0.85 and potentially breach $2 within the next few trading weeks.

Nonetheless, data from DefiLlama shows that the rapid expansion on July 15 did not impact THENA’s total value locked (TVL).

Currently, THENA has a TVL of over $22 million, stable over the past two weeks.

However, since prices are flying, THE trading volume skyrocketed, surging from roughly $54 million on July 14 to over $485 million as of July 15.

(Source: DefiLlama)

THE liquidity is also increasing, suggesting greater commitment from liquidity providers aiming to capitalize on heightened activity and swaps in the past 24 hours.

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Why is THENA Trending? What’s Driving Prices?

The catalyst behind yesterday’s meteoric surge was a major announcement by the co-founder on Discord.

The executive outlined ambitious plans to expand THENA’s DeFi ecosystem, integrate cutting-edge solutions to attract more liquidity providers and partners, and seek institutional backing.

Specifically, THENA plans to onboard more LPs for blue-chip assets like BNB and ETH, alongside stablecoins like USDC and USDT.

The goal is to enhance THENA’s liquidity standing within the broader BNB Chain ecosystem.

By expanding its offerings to include these popular assets and more stablecoins, THENA aims to capture greater market share, further boosting its trading volume; a net positive for bulls.

Sell in May and go away? Not for @ThenaFi_$THE jumped over 35%, and 24H Volume hit a 5-month high near $3M, making it the 4th most traded asset on THENA.

Meanwhile, @Theseus_fi (CEO of THENA) dropped some key alpha in Discord on business and product plans, worth tuning in pic.twitter.com/6tNDwpCtK9

— SΔM (

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