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Thena Coin Price Prediction Today: What’s Next After 4655% Breakout?

Why These Altcoins Are Trending Today — November 28

Binance Labs, the venture capital arm of Binance, has announced its latest investment in Thena, a decentralized exchange (DEX) and liquidity protocol operating on the BNB Chain. 

Let’s break down what Thena is, its unique features...

What Is Thena?Launched in January 2023, Thena is a relatively new entrant in the DeFi space. Despite its young age, it has quickly gained traction among users, thanks to its unique ve(3,3) tokenomics model. This approach optimizes liquidity and incentivizes participation, setting Thena apart from other decentralized exchanges.

The platform aims to become the "SuperApp" of DeFi by offering a comprehensive suite of products that cater to a wide range of user needs. Here’s an overview of its core features:

THENA: A spot DEX for swapping digital assets, earning passive income, and trading.ALPHA: A perpetual DEX with leveraged trading on over 270 crypto pairs.ARENA: A gamified social trading platform for competitions and growth tools.WARP: An upcoming launchpad for new projects.Why Binance Labs Chose ThenaThe decision to invest in Thena stems from its innovative approach to liquidity management and user-centric design. Alex Odagiu, Investment Director at Binance Labs, described Thena as a key player in the next wave of DeFi growth. He praised the platform's focus on creating a seamless user experience and its ability to attract a diverse user base.

Thena’s unique model allows it to meet various liquidity needs, including stablecoins, tokenized real-world assets (RWAs), and emerging asset classes like AI tokens. This flexibility makes it a valuable partner for DeFi protocols looking to enhance their liquidity.

The ve(3,3) TokenomicsAt the heart of Thena’s success is its ve(3,3) tokenomics model, which incentivizes long-term participation and liquidity provision. Key aspects include:

Governance via veTHE: Users can lock their $THE tokens for up to two years to receive veTHE, an ERC-721 governance token. This gives them voting power and access to platform-generated revenue.Revenue Sharing: veTHE holders earn 90% of the platform's trading fees and 10% of the voting incentives deposited by protocols.Flexibility: veTHE tokens can be increased, split, or sold on secondary markets, ensuring liquidity and engagement.This model creates a positive feedback loop that benefits all stakeholders, from liquidity providers and traders to DeFi protocols.

Thena’s Vision: The "SuperApp" of DeFiThena envisions itself as a decentralized alternative to centralized exchanges (CEXs), offering a robust yet user-friendly ecosystem. Its vision is anchored on mass user onboarding and a CEX-grade experience. According to the Thena team, the key features include:

Wallet Abstraction: Simplifies the onboarding process.Fiat On/Off Ramp: Eases the transition between traditional finance and DeFi.Cross-Chain Bridges: Enables seamless asset transfers across blockchains.Self-Custodial Services: Offers staking for major assets like BTC, ETH, and BNB.Permissionless Competitions: Monetizes trading activities in a gamified format.These features aim to make DeFi accessible to both beginners and seasoned users.

Ecosystem Growth and Community EngagementThena has committed a significant portion of its token supply to initiatives that drive ecosystem growth and community participation:

Airdrops: Distributed 44% of its initial supply to users, protocols, and NFT minters.Ecosystem Grants: Allocated 25% of the supply to support innovative projects.Team Alignment: 18% of tokens were distributed to the team, ensuring long-term commitment.

[PRESS RELEASE – Transylvania, Romania, January 9th, 2025]

GraFun, a leading memecoin launchpad on EVM, in collaboration with industry giants Floki and DeXe, has introduced an innovative token launch mechanism called Alpha Launch, set to redefine how tokens and memecoins are launched on the market. Supported by BNB Chain and Thena, this groundbreaking feature resolves key challenges faced by token creators and offers a flexible, secure, and efficient launch strategy.

Redefining Token Launches

Alpha Launch addresses several core market issues:

Direct DEX Launch: Unlike traditional bonding curves, Alpha Launch bypasses internal trading models, enabling creators with existing liquidity to deploy on DEXs directly. This streamlined approach ensures faster and simpler launches Advanced Airdrop Capabilities: Creators can execute flexible airdrops tailored to their needs, including multi-tier distributions with customizable lists, schedules, and allocation parameters. This allows them to incentivize communities, conduct presales, and drive adoption Anti-Sniping Protection: Powered by DeXe’s advanced algorithms, Alpha Launch includes anti-sniping mechanisms to protect liquidity pools. By analyzing bot behavior in the first blocks, the system prevents bots from draining liquidity and safeguards fair trading conditions for the community Locked Liquidity: Post-launch liquidity is securely locked in the FlokiFi Locker, ensuring trust and transparency while preventing rug pulls. Collaboration of Industry Leaders

This pioneering launch mechanic is a testament to the collaboration between GraFun, Floki, and DeXe. Each partner contributes cutting-edge solutions to the platform, complemented by the support of BNB Chain. Additionally, Thena, a rapidly growing and promising DEX, has been integrated into the Alpha Launch. It allows creators to launch their tokens on Thena and PancakeSwap, with the option of deploying liquidity simultaneously on both platforms and ensuring parallel anti-sniping protection. It provides creators with enhanced flexibility and security for their token launches.

A First Major Case: BAD Coin

The first use case for Alpha Launch has already been announced: BAD Coin, a groundbreaking memecoin and the first primary AI-agent token on the BNB Chain. Supported by GraFun, Floki, DeXe, Thena, and BNB Chain, BAD Coin will fully utilize all Alpha Launch features, including airdrops, anti-sniping protection, liquidity locking, and simultaneous liquidity deployment on PancakeSwap and Thena.

BAD Coin’s presale has been successfully conducted on TokenFi, and the token launch on GraFun is scheduled for January 20, 2025. To celebrate this milestone, GraFun’s most active on-chain contributors will receive an exclusive airdrop to reward their engagement and support.

Exclusively on BNB Chain

Alpha Launch and its first major case, BAD Coin, highlight GraFun’s commitment to driving innovation and supporting creators with best-in-class tools. With the support of BNB Chain and key industry partners, Alpha Launch is set to transform the token launch landscape.

Stay tuned for more updates as GraFun continues to take charge of token innovation.

About GraFun

GraFun is the top-performing memecoin launchpad, dedicated to making token creation accessible, secure, and cross-chain. With a track record of rapid growth and innovation, GraFun empowers anyone to launch and trade memetokens on multiple chains inside Telegram Messenger.

For updates, follow GraFun on X: https://x.com/grafunlabs or visit https://gra.fun/

Venus Vanguard Team unveils Venus Pre-V5 Quantum Singularity Proposal: Redefining DeFi with Strategic Moves and Long-Term Growth

What is Thena? Launched on January 5, 2023, Thena is a decentralized exchange (DEX) and liquidity layer built on BNB Chain and opBNB. It serves as a community-driven hub for various DeFi activities, designed to make decentralized finance accessible to users of all experience levels.

Thena aims to provide a centralized exchange (CEX)-like experience while maintaining the benefits of decentralization. The platform positions itself as a "SuperApp" for DeFi by combining trading capabilities, liquidity provision tools, and social features in one ecosystem.

As an open liquidity layer, Thena fosters collaboration and innovation within the BNB Chain ecosystem, creating opportunities for both users and protocols to participate in various DeFi activities.

The Thena Ecosystem: Key Features and ComponentsDEX and Liquidity MarketplaceThena's decentralized exchange offers spot trading with low slippage and efficient pricing through its automated market maker (AMM) system. When users enter the platform, they gain access to spot trading with competitive rates, limit swap functionality for more precise trading, and concentrated liquidity pools designed for maximum capital efficiency.

The heart of Thena's ecosystem is its liquidity marketplace, built on the innovative ve(3,3) model. This elegant system combines elements from Curve's vote-escrow system and Olympus's anti-dilution mechanics. Through this model, protocols can actively incentivize liquidity by influencing veTHE holders' votes. This influence in turn dynamically adjusts $THE reward emissions for specific pools.

What sets Thena apart is its integrated ORBS Liquidity Hub, which optimizes transactions by tapping into external liquidity sources. This Hub leverages both onchain solver auctions and decentralized orders via API, and automatically falls back to the AMM if a better price isn't available. The result is enhanced liquidity depth and superior price execution compared to conventional DEXes.

Behind the scenes, the Thena DEX utilizes Algebra Integral to seamlessly integrate concentrated liquidity and dynamic fees. This integration significantly enhances capital efficiency for all participants. The platform's modular design takes flexibility to another level, allowing for granular customization of AMMs through plugins (hooks) that give liquidity providers unprecedented control over their strategies.

Thena's UI abstracts the complexity of the liquidity hub (official docs)ALPHA: Perpetual Trading PlatformThena's ALPHA platform takes trading to the next level, enabling perpetual trading with up to 50x leverage across more than 160 token pairs. Traders who use ALPHA benefit from funding rates that are approximately 4x lower than competitors, making it a cost-effective choice for frequent traders.

What truly sets ALPHA apart is its innovative "Intent-Based" approach. This system connects users directly to third-party liquidity providers, creating a more efficient marketplace. Unlike traditional perpetual platforms, ALPHA sources its liquidity from brokers rather than counterparty pools. This strategic difference allows the platform to access deeper liquidity and avoid the scaling issues that plague other perpetual DEX platforms, especially during periods of high trading volume.

ARENA: SocialFi and Trading CompetitionsARENA transforms the trading experience into a social adventure, serving as a hub for trading competitions within Thena's ecosystem. This feature enables partners to create customizable competitions that bring communities together through gamified trading activities. Users develop their presence with personalized social profiles and unique .thena IDs.

These competitions boost token awareness and deepen liquidity while creating an engaging experience that enhances user retention. With plans to implement copy trading functionality, ARENA will soon allow newer traders to learn directly from experienced market participants.

Cross-Chain Capabilities: Thenafi BridgeThe Thenafi Bridge, powered by Polyhedra Network, connects BNB Chain (L1) and opBNB (L2), facilitating seamless asset transfers across blockchains. This cross-chain functionality expands user flexibility and accessibility across the broader blockchain ecosystem.

As DeFi continues to span multiple chains, the Thenafi Bridge keeps Thena at the forefront of innovation while maintaining the platform's commitment to security and efficiency.

Upcoming Features and ServicesBuilding on its solid foundation, Thena is developing several key features to expand its ecosystem. The team is creating Warp, an IDO launchpad designed to help Web3 startups raise funding while onboarding users to BNB Chain projects.

To bridge traditional finance with DeFi, Thena is implementing fiat on/off ramps alongside debit card integration. Users will soon access self-custodial earn services for staking popular assets like BTC, ETH, BNB, and USDT while maintaining control of their funds.

The planned Web3 banking services further demonstrate Thena's commitment to creating a comprehensive financial ecosystem that will serve both crypto natives and newcomers.

The ve(3,3) Model: Tokenomics and Governance$THE Token Utility and MechanicsThe $THE token is the native utility token that powers the entire Thena ecosystem. It functions as the platform's lifeblood, rewarding liquidity providers through carefully calculated emissions, enabling community members to participate in governance voting for critical platform decisions, and providing revenue-sharing opportunities through various staking mechanisms.

The token launched with an initial supply of 50 million tokens, which were distributed according to a detailed allocation plan. This included airdrops to users and protocols, ecosystem grants, team allocation, and initial liquidity provision. According to current CoinMarketCap data, $THE has grown to a total supply of 246.96M, a maximum supply cap of 326.12M, and a circulating supply of 99.99M tokens.

What truly stands out about Thena's tokenomics is that token emissions aren't rigidly hardcoded like many other protocols. Instead, they're determined through a genuinely decentralized process where community voices matter. With each week a new “epoch” where veTHE holders are allowed to vote on emission allocations, ensuring that the community maintains real control over token distribution and the direction of the platform.

Initial distribution schedule for THE (official docs)veTHE: Vote-Escrow GovernanceThe veTHE system rewards long-term token holders, aligning stakeholder interests with the platform's success. Users lock $THE to receive:

Voting power proportional to lock duration and amountWeekly rebases that reduce dilution effectsAbility to influence gauge weights for pool emissionsProtocols can deposit incentives in the marketplace, and veTHE holders vote on "gauges" to allocate emissions to pools. This creates a system where long-term stakeholders capture fees and bribes while helping direct platform resources.

Vision: Building the DeFi SuperAppModular Liquidity LayerThena aims to become a comprehensive modular liquidity layer catering to diverse market needs, including stablecoins, tokenized real-world assets (RWAs), memecoins, AI tokens, and other emerging digital assets.

The platform focuses on wallet abstraction and user-friendly onboarding processes. This approach aims to rival the user experience found on centralized platforms like Binance, reflecting Thena's core mission: making DeFi accessible without sacrificing decentralization principles.

Community-Driven ApproachFrom its inception, Thena has prioritized community governance. veTHE holders control emissions, ensuring decentralization rather than relying on traditional hardcoded models. The platform encourages active participation through:

Strategic airdrops (50% $THE, 50% veTHE)Governance proposals and votingSocial engagement across multiple channelsStrategic PartnershipsThena has established collaborations with several protocols and organizations to enhance its ecosystem:

Venus Protocol: A soft merger valued at $4.5 million, integrating lending and AI-driven strategiesArbitrum Foundation: Cross-chain expansion effortsP2P.org: Infrastructure and technical supportBNB Chain: Participation in hackathons and community eventsThese partnerships help Thena expand its capabilities while remaining focused on its core strengths.

Security and Technical FoundationAudits and Code Protection

Thena’s codebase, inspired by proven DEX protocols, is fortified by top-tier audits—V1 by PeckShield, V2 by OpenZeppelin, and a recent nod to Hacken per a February 2025 update. On real-time protection, Thena’s stance is less clear: official docs spotlight Lossless’s Aegis system, while a 2025 blog pivots to Hypernative, hinting at either a dual approach or an unconfirmed shift.

Multi-Signer GovernanceTo enhance security, Thena employs a 4/6 signer system:

3 signers from the Thena team3 signers from known entities like Ankr and DEUS FinanceAll transactions require a 12-hour timelock periodThis system provides additional protection against potential security risks while maintaining operational efficiency.

Community and Social EngagementGlobal Community PresenceThena has built an active and engaged community of DeFi enthusiasts from around the world. The platform's official Telegram channel serves as a central hub for announcements and discussions. At the same time, its Discord server has grown to over 17,000 members who actively share trading strategies, technical insights, and feedback on platform developments.

Beyond digital connections, Thena extends its community engagement through regular participation in industry events and hackathons. The team makes its presence known at major gatherings like ETH Denver, where they showcase their technology and connect with potential partners and users. By supporting BNB Chain hackathons and hosting community meet-ups, Thena creates opportunities for face-to-face interactions that strengthen relationships and foster innovation within the ecosystem.

SocialFi IntegrationWhat sets Thena apart from traditional DeFi platforms is its seamless integration of social elements into the financial experience. The platform's innovative SocialFi components, especially ARENA's personalized .thena IDs and dynamic trading competitions, create a unique blend of DeFi functionality with social engagement that keeps users connected and involved.

These social features aren't just for show—they're designed with practical incentives in mind. Key opinion leaders (KOLs) can receive up to 25% of prize pools for community-driven contests, creating a powerful motivation system that encourages broader participation and helps spread awareness of the platform across various communities and networks.

The vibrant community Thena has cultivated doesn't just power its present ecosystem—it actively shapes the platform's evolution. With strong user engagement providing continuous feedback and participation, Thena is well-positioned to advance its roadmap with features that truly meet market needs.

The Road Ahead for ThenaLooking forward, Thena's roadmap focuses on expanding Web3 banking capabilities, supporting real-world asset integration, implementing AI-driven DeFi strategies through partnerships like the one with Venus, and enhancing cross-chain functionality. Each of these initiatives aligns with Thena's vision of creating a comprehensive DeFi ecosystem that serves users across various blockchain networks.

Conclusion: Thena's Role in DeFi EvolutionThena represents a comprehensive approach to decentralized finance on the BNB Chain ecosystem. By combining trading, liquidity provision, social features, and strong community governance, the platform effectively bridges the gap between traditional finance and DeFi.

The platform's focus on user experience, capital efficiency, and protocol incentives positions it as a significant contributor to the BNB Chain ecosystem's growth. As Thena continues developing its features and expanding partnerships, it remains focused on its core mission: onboarding the masses to DeFi through a seamless experience that maintains true decentralization.

Ready to explore Thena? Start by visiting thena.fi and joining the community on X, Discord or Telegram. New users might begin with spot trading before exploring ARENA's social competitions or trying the ALPHA perpetual platform for more advanced trading.

DeFi Platform Venus Protocol Hit by $3.7 Million Flash Loan Hack

Decentralized lending platform Venus Protocol has reportedly suffered a suspected flash-loan attack on its Core Pool on BNB Chain, leading to losses of more than $3.7 million. 

On-chain data shows the attacker manipulated supply caps using the Thena (THE) token, allowing them to borrow multiple assets from the protocol.

How the Venus Protocol Attack Happened?According to blockchain data, the attacker used an address starting with 0x1a35…6231 to exploit the system. The strategy began months earlier, when the attacker slowly accumulated around 84% of the THE supply cap (14.5M tokens) over nine months starting in June 2025.

The real exploit occurred when the attacker bypassed the normal deposit process by directly transferring tokens to the protocol contract. 

This allowed them to exceed the supply cap and build a massive 53.2 million THE collateral position, which was nearly 3.7 times the allowed limit.

On-chain data shows Venus Protocol was suspected to suffer a flash-loan attack. The attacker address 0x1a35…6231 obtained about 20 BTC, 1.5 million CAKE, and 200 BNB, totaling over $3.7 million, after using a large amount of THE as collateral on Venus to borrow CAKE, BTCB, and… pic.twitter.com/qnyISI5pp5

— Wu Blockchain (@WuBlockchain) March 15, 2026 Borrowing and Price ManipulationUsing the inflated collateral, the attacker began borrowing large amounts of assets, including:

Around 20 BTC in wrapped BitcoinAbout 1.5 million CAKE tokensNearly 200 BNB1.58 million USDCTo maximize the exploit, the attacker repeatedly followed a loop strategy: deposit THE, borrow assets, buy more THE, and wait for the TWAP oracle price update to increase the collateral valuation. 

This pushed the price of THE from around $0.263 to nearly $0.563 before the market eventually collapsed to about $0.22 during liquidation.

Venus Protocol RespondsFollowing the incident, the team behind Venus Protocol announced precautionary measures. Borrowing and withdrawals of THE have been temporarily paused, along with several markets that showed high liquidity concentration, including BCH, LTC, UNI, AAVE, FIL, and TWT.

The protocol confirmed that all other markets remain operational and unaffected while the investigation continues.

The team also stated it will release a detailed report once the full analysis of the exploit is completed.

Story Ends Here

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Read the Next News

A threat actor bypassed Venus Protocol's supply caps using Thena tokens to borrow multiple assets in what analysts suspect was a flash loan or price manipulation attack on BNB Chain.

Venus Protocol on BNB Chain has been hit with a $3.7 million exploit involving manipulation of the platform's supply cap mechanisms. According to on-chain data, the threat actor used Thena (THE) tokens to bypass maximum supply restrictions and borrow several different digital assets from the protocol.

Analysts suspect the attack leveraged either flash loan tactics or price manipulation to artificially inflate the collateral's value. Following the incident, Venus Protocol suspended borrowing and withdrawal functions for the THE token as a precautionary measure, though other markets on the platform remained unaffected.

Sources: Cointelegraph

This article was generated automatically by The Defiant’s AI news system from publicly available sources.

TLDR Venus Protocol, a major lending platform on BNB Chain, suffered a loss exceeding $3.7 million due to THE token price manipulation. Hackers utilized a “donation attack” technique to circumvent Venus’s supply limitations by transferring tokens directly to the smart contract. The malicious actors used artificially inflated THE tokens as collateral to withdraw CAKE, USDC, BNB, and Bitcoin. Venus Protocol implemented emergency measures, freezing all THE token borrowing and withdrawal operations during their ongoing investigation; approximately $2.15 million in uncollateralized debt remains. The exploitation method matches a previously identified security weakness in Compound-based lending protocols that Venus’s team had previously downplayed despite audit warnings. On Sunday, Venus Protocol, which operates as the dominant lending service on BNB Chain, became the target of a sophisticated price manipulation scheme focused on THE, the native token of Thena.

🚨 We have identified unusual activity involving the $THE pool and are actively investigating.

At this time, only the $THE and $CAKE markets appear to be affected.

We will share updates as our investigation progresses. We appreciate your patience and support.

— Venus Protocol (@VenusProtocol) March 15, 2026

The malicious actor artificially inflated THE’s market value from approximately $0.27 to nearly $5 by taking advantage of limited on-chain liquidity. Their strategy involved depositing THE tokens as collateral, withdrawing alternative assets, purchasing additional THE with those borrowed funds, and cycling through this process as Venus’s price oracle continuously adjusted to the manipulated market value.

The perpetrator circumvented Venus’s established supply restrictions on THE through a donation attack methodology. This involved sending THE tokens directly into the vTHE smart contract rather than using standard deposit mechanisms. The technique artificially elevated the exchange rate recognized by the protocol’s system, effectively nullifying the supply cap controls.

Leveraging the artificially valued THE as backing, the exploiter withdrew 6.67 million CAKE tokens, 1.58 million USDC, 2,801 BNB, and 20 Bitcoin from the protocol.

Total damages from the incident exceed $3.7 million, as reported by Wu Blockchain. Independent blockchain researcher EmberCN calculated the outstanding bad debt at approximately $2.15 million, consisting of 1.18 million CAKE tokens and 1.84 million THE tokens.

The wallet address responsible for the attack received its initial funding of 7,400 ETH through Tornado Cash, a cryptocurrency mixing platform.

Venus Protocol announced via X that they detected “unusual activity” within the THE liquidity pool and suspended all THE borrowing and withdrawal functions as a safety measure during their ongoing examination.

The Attacker May Have Lost Money The exploitation attempt didn’t unfold as smoothly as intended. Following the first borrowing cycle, Venus’s time-weighted average price oracle had only adjusted THE’s valuation to approximately $0.50, significantly lower than the artificially pumped market price.

The attacker persisted, continuing to acquire THE using borrowed capital. However, selling pressure proved overwhelming. The attacker’s account health factor declined toward 1, activating liquidation protocols.

THE tokens were sold into an orderbook with virtually no liquidity depth. The token’s value plummeted to roughly $0.24, falling beneath its pre-attack valuation. Weilin Li, an on-chain security researcher who initially identified the attack, suggested the perpetrator likely generated minimal on-chain profit and potentially incurred a net loss.

A History of Bad Debt at Venus This incident isn’t Venus Protocol’s first encounter with losses stemming from price manipulation tactics. A manipulation scheme involving its native XVS token in 2021 resulted in over $95 million in bad debt accumulation.

The platform also absorbed $14 million in uncollateralized debt during the Terra/LUNA collapse in 2022. A donation attack targeting Venus’s ZKSync implementation in February 2025 generated over $700,000 in bad debt using virtually identical exploitation techniques to Sunday’s incident.

The donation attack vulnerability exploited in this breach represents a documented security flaw in Compound-forked lending protocols. Venus’s Code4rena security assessment had specifically identified this risk, though the development team challenged the severity of the finding at that time.

As of this publication, THE was valued at $0.2255, representing a decline of more than 17% over the preceding 24-hour period.