When people hear "THENA," most think of a decentralized exchange (DEX) on BNB Chain. But there's much more under the hood.

Behind the scenes, THENA has built an entire ecosystem designed for traders, yield farmers, and token holders. From liquid staking to advanced trading tools - let me walk you through the key components that make THENA more than just a DEX.

I’ve gathered 10 products and initiatives within the THENA ecosystem. Some are already live, some discontinued, and a few still marked as "coming soon." Let’s dive in:

ALPHA

Margin Trading Platform

ALPHA is THENA’s dedicated platform for margin and derivatives trading on BNB Chain. It offers leverage, multiple trading pairs, and is best suited for experienced traders who understand risk and want to amplify their returns.

ARENA

Gamified Trading Competitions

ARENA brought a "play-to-earn" concept to trading, allowing users to compete for prizes by showcasing their skills. Each round had its own prize pool, making trading both fun and competitive.

⚠️ Currently, ARENA is on pause. But many hope for its comeback.

liveTHE

Liquid veTHE No Lockups, Same Rewards

liveTHE is a liquid version of veTHE, developed by AbacusFi. It offers similar APR to veTHE staking but without locking your funds. Perfect for those who want to farm yields while keeping their assets liquid.

veTHE

Governance & Revenue Token

veTHE is the "locked" governance token of THENA. By locking $THE, users receive veTHE, which grants voting power and a share of protocol revenue. Essential for those who want both influence and income within the ecosystem.

T2E - Trade to Earn

Reward Program for Active Traders

T2E incentivizes users to trade on THENA by offering bonus rewards based on trading volume. The more you trade is the higher your potential earnings. A strategic tool to attract liquidity.

⚠️ Currently paused, awaiting possible future updates.

THE STORY

Interactive Quests with Rewards

THE STORY was an educational and gamified experience. Users completed tasks, learned about THENA, and earned rewards. It was a great way to explore the ecosystem in a fun, engaging format.

⚠️ The campaign is now closed, with no confirmed updates on its return.


WARP

Launchpad for New Projects

WARP aims to provide early access to promising projects and tokens. A gateway for users to participate in launches at an early stage.

⚠️ WARP has not launched yet, and updates are limited at the moment.

FUSION

Next-Gen Liquidity Pools without Volatility Risk

FUSION introduces automated, efficient concentrated liquidity pools is a collaboration integrating Algebra AMM with automated liquidity managers like Gamma, DefiEdge, and ICHI. Designed to boost capital efficiency and simplify user experience.

Cross‑Chain Bridge

Seamless Asset Transfers Across Networks

The official THENA bridge allows users to move assets between BNB Chain and other blockchains quickly and securely - making the ecosystem more accessible to users from different networks.

SuperApp (Coming Soon)

All-in-One AI-Powered DeFi Experience

SuperApp is an ambitious project by THENA and its partners. It aims to combine DEX functionality, farming, trading tools, and analytics into a single AI-driven application. The official launch is still pending, but this could redefine user experience in DeFi.


Final Thoughts

Over the past two years, THENA has introduced numerous products, programs, and innovations - some have become core pillars of the ecosystem, while others have faded or remain "coming soon."

What stands out is the team’s relentless drive to experiment, evolve, and bring fresh ideas to the table. In the fast-paced world of DeFi, constant innovation is key - and THENA isn’t standing still.

Following THENA is exciting because every new product could be more than it seems at first glance. The next big thing might just be around the corner.