MarcBell

2024 was a groundbreaking year for @THENA ! From record-breaking revenue to scaling new trading volume heights:
💰 $19M+ in revenue
📊 $19B+ in trading volume
🤿 Dive into THE stats & see how THENA is building THE Premier DEX & liquidity backbone on BNB Chain!

THENA Trading Volume: 2023 vs 2024!✨
2024 Volume Growth vs 2023:
⬆️ Jan ➔ 641% (620M vs 83M)
⬆️ Feb ➔ 448% (1.73B vs 317M)
⬆️ Mar ➔ 460% (2.54B vs 454M)
⬆️ Apr ➔ 326% (1.23B vs 288M)
⬆️ May ➔ 332% (804M vs 186M)
⬆️ Jun ➔ 256% (1.11B vs 312M)
⬆️ Jul ➔ 231% (1.02B vs 309M)
⬆️ Aug ➔ 397% (984M vs 198M)
⬆️ Sep ➔ 491% (725M vs 122M)
⬆️ Oct ➔ 233% (694M vs 208M)
⬆️ Nov ➔ 384% (2.16B vs 447M)
⬆️ Dec ➔ 461% (5.39M vs 962M)
📊 Avg Growth: 388%
🌟 THENA’s trading volume has consistently outpaced 2023, cementing its position as a leading DEX on BNB Chain!

$THE Locked in 2023 vs 2024!✨
2024 Increase:
⬆️ Jan ➔ 385% (110M vs 22.7M)
⬆️ Feb ➔ 305% (114M vs 28.4M)
⬆️ Mar ➔ 265% (125M vs 34.3M)
⬆️ Apr ➔ 194% (132M vs 44.9M)
⬆️ May ➔ 162% (134M vs 51.4M)
⬆️ Jun ➔ 125% (136M vs 60.6M)
⬆️ Jul ➔ 102% (139M vs 69M)
⬆️ Aug ➔ 90% (141M vs 74M)
⬆️ Sep ➔ 75% (144M vs 82M)
⬆️ Oct ➔ 64% (145.6M vs 88M)
⬆️ Nov ➔ 53% (145.8M vs 95M)
⬆️ Dec ➔ 41% (146.7M vs 104M)
📊 Avg Growth: 155%
🔒 Avg lockup time: 1.87 years (2023) vs 1.80 years (2024)
🌟 $THE lockups showcase THENA’s strong community commitment to long-term growth!

veTHE amount in 2023 vs 2024!✨
2024 Increase:
⬆️ Jan ➔ 352% (100M vs 22.1M)
⬆️ Feb ➔ 288% (104M vs 26.9M)
⬆️ Mar ➔ 248% (113M vs 32.6M)
⬆️ Apr ➔ 186% (119M vs 41.8M)
⬆️ May ➔ 153% (121M vs 48.2M)
⬆️ Jun ➔ 118% (123.6M vs 56.6M)
⬆️ Jul ➔ 92% (123.8M vs 64M)
⬆️ Aug ➔ 82% (126M vs 69M)
⬆️ Sep ➔ 68% (127M vs 76M)
⬆️ Oct ➔ 58% (129M vs 82M)
⬆️ Nov ➔ 49% (131.6M vs 88M)
⬆️ Dec ➔ 38% (130.1M vs 94M)
📊 Avg Growth: 144%
🌟 veTHE growth reflects increasing governance participation and alignment with THENA's vision!

veTHE Holders in 2023 vs 2024!✨
2024 Increase:
⬆️ Jan ➔ 37% (5,289 vs 3,847)
⬆️ Feb ➔ 21% (5,237 vs 4,314)
⬆️ Mar ➔ 17% (5,432 vs 4,655)
⬆️ Apr ➔ 12% (5,437 vs 4,848)
⬆️ May ➔ 10% (5,425 vs 4,915)
⬆️ Jun ➔ 8% (5,389 vs 4,992)
⬆️ Jul ➔ 5% (5,364 vs 5,112)
⬆️ Aug ➔ 4% (5,311 vs 5,089)
⬆️ Sep ➔ 4% (5,255 vs 5,059)
⬆️ Oct ➔ 3% (5,203 vs 5,029)
⬆️ Nov ➔ 4% (5,290 vs 5,094)
⬇️ Dec ➔ -19% (4252 vs 5,262)
📊 Avg. Growth (Jan-Nov): 12%
🌟 veTHE holders peaked Q2 but saw a decline in Dec
Note: Some holders delegate their veTHE to Wrappers, which may exclude them from this calculation

Trading Fees Collected in 2023 vs 2024!✨
2024 Increase:
⬆️ Jan ➔ 384% (557k vs 115k)
⬆️ Feb ➔ 157% (740k vs 287k)
⬆️ Mar ➔ 818% (2.71M vs 295k)
⬆️ Apr ➔ 361% (1.16M vs 251k)
⬆️ May ➔ 336% (746k vs 171k)
⬆️ Jun ➔ 185% (1.02M vs 357k)
⬆️ Jul ➔ 132% (879k vs 379k)
⬆️ Aug ➔ 501% (899k vs 149k)
⬆️ Sep ➔ 455% (622k vs 112k)
⬆️ Oct ➔ 140% (435k vs 181k)
⬆️ Nov ➔ 262% (1.77M vs 490k)
⬆️ Dec ➔ 194% (2.91M vs 993k)
📊 Avg Growth: 327%
🌟 Fee growth underscores THENA’s sustainable business model and increasing trading activity!

Incentives awarded in 2023 vs 2024!✨
2024 Shift:
⬇️ Jan ➔ -26% (309k vs 416k)
⬇️ Feb ➔ -64% (333k vs 916k)
⬇️ Mar ➔ -68% (448k vs 1.42M)
⬇️ Apr ➔ -70% (358k vs 1.20M)
⬇️ May ➔ -48% (392k vs 754k)
⬇️ Jun ➔ -25% (394k vs 530k)
⬇️ Jul ➔ -64% (227k vs 633k)
⬇️ Aug ➔ -64% (183k vs 516k)
⬇️ Sep ➔ -40% (280k vs 464k)
⬇️ Oct ➔ -2% (318k vs 323k)
⬆️ Nov ➔ 79% (478k vs 267k)
⬆️ Dec ➔ 347% (1.68M vs 376k)
📊 Overall Trend: A shift towards lower incentives for most of 2024 (-47%), with significant increases in Nov & Dec
🌟 2024 marked a shift in revenue structure, with trading fees overshadowing incentives as THE primary revenue driver!

Total revenue in 2023 vs 2024!✨
2024 Changes:
⬆️ Jan ➔ 63% (867k vs 532k)
⬇️ Feb ➔ -11% (1.07M vs 1.2M)
⬆️ Mar ➔ 84% (3.16M vs 1.72M)
⬆️ Apr ➔ 4% (1.52M vs 1.45M)
⬆️ May ➔ 23% (1.14M vs 925k)
⬆️ Jun ➔ 59% (1.41M vs 887k)
⬆️ Jul ➔ 9% (1.10M vs 1.01M)
⬆️ Aug ➔ 62% (1.08M vs 666k)
⬆️ Sep ➔ 57% (903k vs 576k)
⬆️ Oct ➔ 49% (754k vs 505k)
⬆️ Nov ➔ 198% (2.25M vs 758k)
⬆️ Dec ➔ 236% (4.60M vs 1.36M)
📊 Avg Growth: 69%
🌟 Substantial revenue growth in 2024 underscores THENA's strong financial performance and THE effectiveness of its ve(3,3) model!

THE Big Picture🌟
2024 was transformative for THENA, marked by record-breaking growth:
📊 Trading Volume ➔ 388% avg. growth
💰 Fees Generated ➔ 327% avg. growth
This performance, paired with relentless innovation, solidify THENA's position as a cornerstone of DeFi on BNB Chain
What is Next?
THENA V3 is coming!🔥
This upgrade will introduce:
📊 New AMMs
📈 Code Optimization
🔀 Cross-chain Capabilities
🧩 Hooks (plugins for rapid innovation)
A sneak peek at Hooks:
💰 Volume-based loyalty program: Trade more, pay less!
🛡 Smart LP protection: Dynamic fees based on market volatility
💎 Token-Holding Fee Tiers: Lower fees for long-term $THE holders
Powered by Brevis Network & built on Algebra's Integral framework!
The revolution is just beginning. Join $THE movement & shape the future of DeFi🔥

This AMA featured:
🏛️ Theseus (CEO of @THENA )
🌕 Moonlight (Top Binance Live Host @Moonlight - Raffles n Giveaways )

Let’s dive into the key insights from this discussion! 👇

1- What is THENA V3,3?🔍

Theseus introduced V3,3 as a major evolution:

From a DEX → into a modular, customizable liquidity layer on #BNBChain 🚀

Key innovations:
🔸 Improved UI/UX: Real-time dashboard, analytics & Chainlink-powered automation

🔸 ALM-free LPing: LPs can now earn emissions without using auto liquidity managers

🔸 Weighted Pools: Custom multi-asset pools with flexible token ratios (e.g. 80/20 THE/BNB)

🔸 Hooks: Plug smart contract modules that allow pools to support advanced functions (limit orders, presales, margin trading, automated strategies) without redeploying core contracts

2- Real Yield Mechanism💰
↳ THENA’s ve(3,3) model:
🔸 Lock $THE (up to 2 years) to mint veTHE & gain voting power
🔸 Voting power scales with lock duration
🔸 veTHE holders vote weekly to direct emissions to pools
In return, they receive trading fees & voting incentives
↳ veTHE Utility Upgrades with V3,3:
▫️ Chainlink automation for voting & relocking
▫️ Exclusive or early launchpad access (planned)
▫️ Fee rebates hook based on veTHE holdings (coming soon)
“This is how DeFi should be done, full revenue redistribution to token holders" – Theseus

3- Capital Efficiency for All💹
V3,3 introduces powerful mechanics for:
🔸 Protocols: Dynamic fees, tailored incentives & reduced costs
🔸 Traders: Better execution with customizable tick spacing & limit order hooks
🔸 LPs: Higher yield per dollar via concentrated liquidity & idle asset optimization
💡 Example:
Set a limit order to buy BNB at $650. While waiting, your capital is staked on @VenusProtocol to earn yield. When the price hits $650, the trade executes—plus, you earn fees

4- Hooks as a DeFi Game-Changer🚀
Hooks will enable groundbreaking features:
🔸 On-chain presales & IDOs → full fundraising customization
🔸 KYC/KYB-gated pools → enable tokenized securities & RWAs
🔸 Yield on idle LP capital → deposit idle assets into Venus or staking platforms
🔸 Margin trading & complex strategies → build directly on THENA infrastructure
"Hooks position THENA as a DeFi base layer—not just a DEX🔥" – Theseus

5- Why Stay Native to BNB Chain?🏡
THENA is committed to staying on #BNBChain for focus and liquidity depth:
🔸 Avoid fragmented liquidity
🔸 Builds long-term user & partner loyalty
🔸 Offers strong go-to-market support for new projects
“If you spread yourself too thin across multiple chains without deep roots in any of them, you end up with fragmented and inefficient liquidity” – Theseus

6- Helping Protocols Launch & Scale🤝
THENA's ve(3,3) model helps new tokens bootstrap & grow liquidity:
Projects can:
🔸 Deposit bribes to attract emissions to their pools without using their own token
🔸 Gradually reduce liquidity rental costs until reaching self-sustainability → where fees alone are enough to incentivize LPs
With V3,3 - Protocols will be able to:
🔸 Launch IDOs, presales or liquidity pools directly via hooks
🔸 Deploy: dynamic fees, loyalty programs, rebalancers & reward mechanics via Hooks
THENA offers tailored onboarding, marketing & liquidity management solutions

7- Roadmap: What’s Coming in 2025?🗺️
🌟 Tokenized RWAs:
🔥 Including tokenized shares of SpaceX launching soon on THENA
🏟️ Arena V2:
🔸 Fully customizable permissionless trading competitions (P&L or volume-based)
🔸 Ideal for newly launched tokens seeking to drive trading activity & build communities
📲 Super App Initiative (with @VenusProtocol , Enfineo, Singularry):
🔸 One interface for trading, lending, banking and AI-powered strategies
🚀 Hook-powered innovation layer:
🔸 Build & deploy fully custom dApps on THENA (e.g. fundraising tools, margin trading & auto rebalancing strategies)

8- Final Words from Theseus💬
"V3,3 marks a new beginning. THENA is not where we want it to be, but we're working towards it. And you can be sure that in 2025, you will see THENA gaining market share in the DeFi space”
THENA is evolving—step by step—into BNB Chain’s core DeFi liquidity layer🚀
🎧 Want all the details? Catch the full AMA here:
https://binance.com/en/live/video?roomId=2259825

@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

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

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

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

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

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

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)
Soft Merger with @VenusProtocol :
🤖 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🚀

Two major game-changing events are set to redefine @THENA :
🔹 THENA V3,3 → A next-gen upgrade bringing AMM innovations, cross-chain capabilities & smart liquidity solutions
🔹 Soft Merger with @VenusProtocol → A strategic move toward THE DeFAI SuperApp, integrating lending, trading, AI & Web3 banking

a) THENA V3,3 is coming!🔥
👨‍💻 Currently in a closed beta accessible only to a small group
This major upgrade enhances liquidity efficiency & unlocks new DeFi possibilities:
📊 New AMMs
🔀 Cross-chain Capabilities
🧩 Hooks → Plug & play DeFi innovations for LPs & traders
What can Hooks do? (powered by #Brevis )
💰 Volume-based loyalty program → Trade more, pay less
🛡 Smart LP protection → Dynamic fees based on market volatility
💎 Token-Holding Fee Tiers→ Lower fees for long-term $THE holders
📌 In collaboration with @Brickken , THENA is also working on KYC/AML-compliant hooks to unlock tokenized asset liquidity while staying compliant
Built on Algebra’s Integral framework, THENA V3,3 isn't just an upgrade—it’s a complete overhaul designed to make DeFi more efficient, scalable & innovative🚀

b) THENA x Venus: A Soft Merger to Create THE DeFAI SuperApp!🚀
A game-changing deal that will cement @THENA & @VenusProtocol as THE DeFAI SuperApp—combining: Trading, lending, AI automation & Web3 banking
💠 THE Deal
Venus acquires 33% of THENA for $4.5M, unlocking deeper liquidity, lending expansion & enhanced yield strategies
This includes:
🔒 3.68M veTHE ($3M)
💰 1.6M USDT liquidity reserves
🖨️ 25K $THE per week (2.5% of emissions)
🖼 170 NFTs ($500K) = 1% of THENA DEX fees
💵 12% fee revenue from non-staked positions

💠 Key Benefits:
💧 Deeper Liquidity → Strengthening borrowing markets
📈 Higher Yields → More returns from liquidity pools + lending
💳 Web3 Banking → Debit card by #Enfineo for seamless DeFi access
🚀 DeFi & RWA Launchpad → Fueling new projects with liquidity & lending
🤖 AI-Powered DeFi → #Singularry ’s AI agent automates DeFi interactions

🔹 Current State: The Snapshot Vote passed with 95%+ approval. The next step is the VIP Vote!

c) THE Card: Bringing TradFi & DeFi Together💳
A new era of crypto payments is on the horizon! #Enfineo , in collaboration with @VenusProtocol & @THENA , is working on THE Card, a seamless bridge between DeFi & traditional finance
Key Features:
💳 Virtual VISA Platinum card
🌍 Multi-currency bank accounts
💰 Earn up to 15% stablecoin yield
By simplifying on/off-ramps, THE Card aims to accelerate DeFi adoption & unlock new financial possibilities
THE future of crypto payments is coming! Stay tuned!✨

d) Singularry: AI-Powered DeFi at Your Fingertips🤖
DeFi is evolving & #Singularry will bring AI-driven automation to simplify complex strategies for users at all levels
🔹 A Holistic Approach
Swapping, lending & yield farming—all in one place. No more juggling multiple platforms or fragmented liquidity. THE DeFAI SuperApp will unify everything for seamless execution
🔹 AI Agent Layer
Powered by #singularryai, this AI will directly interact with @THENA & @VenusProtocol , enabling:
✅ Smart hedging strategies
✅ Automated risk management
✅ Optimized leveraged yield farming
No deep technical knowledge needed—AI will analyze, optimize & execute strategies for you🚀

e) Closing Thoughts💭
With THENA V3,3 on the horizon & Venus Soft Merger moving to VIP voting, @THENA is evolving into a next-gen DeFi ecosystem with:
📍 Hooks
📍 More efficient AMMs
📍 AI-driven DeFi strategies
📍 Web3 banking integration
📍 Real-World Assets (RWA) support
THE future of DeFi is being built—are you ready?