Altcoin
THENA (THE) Listing By Binance Marks Key Milestones for Orbs
Orbs, a leading layer-3 blockchain infrastructure provider, celebrating significant milestones following its strategic partnership with THENA. The largest crypto exchange Binance listing THENA marked a pivotal achievement in the partnership, supported by Orbs’ investment and technical expertise. It has expanded its offerings, attracting a broader user base and driving innovation in decentralized finance.
Orbs and THENA Partnership Drives Innovation in DeFi
Orbs has strengthened its position as a leading blockchain infrastructure provider through its collaboration with THENA, a decentralized exchange built on the BNB Chain, as reported in the ORBS press release. Since the partnership began in March 2023, Orbs has supported THENA with strategic investments, advanced Layer-3 trading technologies, and targeted market expansion efforts.
This synergy has introduced advanced features like dTWAP, dLIMIT, and Liquidity Hub, boosting trading efficiency and liquidity management. The introduction of Perpetual Hub further enabled leveraged trading with reduced collateral, setting THENA apart in the DeFi space. A $600,000 investment also helped accelerate its roadmap and enhance long-term development.
A breakthrough in their efforts was THENA’s listing on the leading crypto exchange Binance. The accompanying airdrop campaign drew significant user interest, elevating the platform’s visibility and adoption. These advancements highlight the impact of their collaboration in reshaping decentralized finance and on-chain trading.
This partnership illustrates how forward-thinking technology and financial support can redefine blockchain innovation, showcasing the potential of next-generation infrastructure to transform DeFi ecosystems.
How Are the Tokens Performing in the Market?
THENA’s price is currently at $2.70, marking an 8% dip in the past 24 hours. However, the token has surged by 1,200% over the week following its Binance listing announcement. Its daily high and low range between $3.13 and $2.661, with a market cap of $212 million and trading volume reaching $452 million showcasing heightened investor interest.
On the other hand, ORBS price is trading at $0.037, with a 24-hour range of $0.033 to $0.03789. It has gained 12% in the past week and 18% over the month, indicating steady growth despite Binance delisting it during a routine review. ORBS boasts a market cap of $118 million and a trading volume of $43 million, reflecting continued demand for the Layer-3 blockchain project.
These contrasting performances underline THENA’s immediate impact from its Binance listing and Orbs’ sustained growth trajectory as a blockchain infrastructure provider. Both tokens demonstrate strong market activity, driven by their expanding ecosystems and technological advancements.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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