Thena
THE Rank #1296Price chart
What is Thena?
Overview
Thena is a decentralized exchange protocol within the BNB Chain ecosystem that enables trading and liquidity provision. It incorporates perpetuals trading and is designed for users seeking to participate in decentralized finance through exchange and staking mechanisms.
How it works
Thena operates on BNB Chain and opBNB, leveraging a vote-escrow model inspired by Curve combined with an anti-dilution mechanism similar to Olympus. Token holders who lock their THE receive veTHE, which grants control over 100% of protocol emissions directed to liquidity gauges.
Token and supply
THE has a maximum supply of 326.1 million tokens. veTHE holders participate in weekly rebases that reduce token dilution from emissions, aligning stakeholder interests through fee generation incentives. The protocol distributes emissions through gauge voting, rewarding long-term supporters.
Where to trade THE
30 exchanges · top 10
Live spot quotes from connected exchanges
THE funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.