@THENA kicked off the year with solid momentum. Despite broader market headwinds across crypto, THENA delivered strong Q1 performance:
๐ฐ $5.8M in revenue
๐ $8.88B in trading volume
a) Trading Volume: Q1 2024 vs Q1 2025
โฌ๏ธ Jan: +410% (3.16B vs 620M)
โฌ๏ธ Feb: +116% (3.75B vs 1.73B)
โฌ๏ธ Mar: -23% (1.95B vs 2.54B)
๐ Avg Growth: +168%
๐ Strong early momentum, especially in January & February. March volume slowed, in line with broader market pullbacks, but overall Q1 volume still outperformed by a wide margin
b) $THE Locked: Q1 2024 vs Q1 2025
โฌ๏ธ Jan: +32% (145M vs 110M)
โฌ๏ธ Feb: +27% (146M vs 114M)
โฌ๏ธ Mar: +16% (146M vs 125M)
๐ Avg Growth: +25%
๐ Avg Lockup Time:
1.813 yrs (2024) โ 1.816 yrs (2025)
๐ Consistent increase in locked $THE and slightly longer lock durations reflect continued user commitment & belief in THENAโs long-term value
c) veTHE Amount: Q1 2024 vs Q1 2025
โฌ๏ธ Jan: +32% (132M vs 100M)
โฌ๏ธ Feb: +27% (133M vs 104M)
โฌ๏ธ Mar: +17% (132M vs 113M)
๐ Avg Growth: +25%
๐ veTHE growth shows stronger governance participation & alignment with THENA's ability to generate real yield
d) Trading Fees Collected: Q1 2024 vs Q1 2025๐ธ
โฌ๏ธ Jan: +159% (1.44M vs 557K)
โฌ๏ธ Feb: +113% (1.57M vs 740K)
โฌ๏ธ Mar: -60% (1.08M vs 2.71M)
๐ Average Growth: +71%
๐ Q1 saw significant fee generation in January & February. The March decline reflects reduced trading activity across the entire crypto market
e) Incentives Awarded: Q1 2024 vs Q1 2025๐ผ
โฌ๏ธ Jan: +200% (927K vs 309K)
โฌ๏ธ Feb: +36% (453K vs 333K)
โฌ๏ธ Mar: -29% (319K vs 448K)
๐ Average Growth: +69%
๐ After a sharp increase in incentives from late 2024 into early 2025, March signaled a shift to levels reflective of the current market landscape. Incentives continue to serve as a tool for protocols to attract veTHE votes & optimize yield distribution
f) Total Revenue: Q1 2024 vs Q1 2025
โฌ๏ธ Jan: +173% (2.36M vs 867K)
โฌ๏ธ Feb: +89% (2.02M vs 1.07M)
โฌ๏ธ Mar: -55% (1.40M vs 3.16M)
๐ Average Growth: +69%
๐ Even with March tapering, Q1 marked a strong start to 2025 in terms of revenue
g) Whatโs Ahead๐ญ
@THENA โs Q1 growth reinforces its role as a leading DeFi platform on BNB Chain:
๐ฐ Revenue โ 69% avg. growth
๐ Trading Volume โ 168% avg. growth
The foundation is set for the next chapter:
V3,3:
๐ New AMMs
๐ Code Optimization
๐ Cross-chain Capabilities
๐งฉ Hooks (plugins for rapid innovation)
Soft Merger with @VenusProtocol :
๐ค AI automation via #singularryai
๐ณ Virtual VISA Platinum card via #Enfineo
๐ Creating THE DeFAI SuperApp: Trading, lending, AI & banking, all in one
The building blocks are in place. Q1 set the tone and 2025 is shaping up to redefine what DeFi on BNB Chain can be๐
