@THENA kicked off the year with solid momentum. Despite broader market headwinds across crypto, THENA delivered strong Q1 performance:

💰 $5.8M in revenue

📊 $8.88B in trading volume

Volume

a) Trading Volume: Q1 2024 vs Q1 2025

⬆️ Jan: +410% (3.16B vs 620M)

⬆️ Feb: +116% (3.75B vs 1.73B)

⬇️ Mar: -23% (1.95B vs 2.54B)

📊 Avg Growth: +168%

🌟 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

Locked $THE

Avg. Locked Duration


b) $THE Locked: Q1 2024 vs Q1 2025

⬆️ Jan: +32% (145M vs 110M)

⬆️ Feb: +27% (146M vs 114M)

⬆️ Mar: +16% (146M vs 125M)

📊 Avg Growth: +25%

🔒 Avg Lockup Time:

1.813 yrs (2024) → 1.816 yrs (2025)

🌟 Consistent increase in locked $THE and slightly longer lock durations reflect continued user commitment & belief in THENA’s long-term value

veTHE

c) veTHE Amount: Q1 2024 vs Q1 2025

⬆️ Jan: +32% (132M vs 100M)

⬆️ Feb: +27% (133M vs 104M)

⬆️ Mar: +17% (132M vs 113M)

📊 Avg Growth: +25%

🌟 veTHE growth shows stronger governance participation & alignment with THENA's ability to generate real yield

Fees

d) Trading Fees Collected: Q1 2024 vs Q1 2025💸

⬆️ Jan: +159% (1.44M vs 557K)

⬆️ Feb: +113% (1.57M vs 740K)

⬇️ Mar: -60% (1.08M vs 2.71M)

📊 Average Growth: +71%

🌟 Q1 saw significant fee generation in January & February. The March decline reflects reduced trading activity across the entire crypto market

Incentives

e) Incentives Awarded: Q1 2024 vs Q1 2025💼

⬆️ Jan: +200% (927K vs 309K)

⬆️ Feb: +36% (453K vs 333K)

⬇️ Mar: -29% (319K vs 448K)

📊 Average Growth: +69%

🌟 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

Revenue

f) Total Revenue: Q1 2024 vs Q1 2025

⬆️ Jan: +173% (2.36M vs 867K)

⬆️ Feb: +89% (2.02M vs 1.07M)

⬇️ Mar: -55% (1.40M vs 3.16M)

📊 Average Growth: +69%

🌟 Even with March tapering, Q1 marked a strong start to 2025 in terms of revenue

g) What’s Ahead🔭

@THENA ’s Q1 growth reinforces its role as a leading DeFi platform on BNB Chain:

💰 Revenue 69% avg. growth

📊 Trading Volume 168% avg. growth

The foundation is set for the next chapter:

  • V3,3:

📊 New AMMs

📈 Code Optimization

🔀 Cross-chain Capabilities

🧩 Hooks (plugins for rapid innovation)

🤖 AI automation via #singularryai

💳 Virtual VISA Platinum card via #Enfineo

🔗 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 be🚀