Many crypto projects will look back on 2024 fondly, as bullish market conditions have floated most ships. But some have risen higher than the rest, with Orbs and THENA having particular cause to celebrate a memorable 12 months.
L3 liquidity layer Orbs has taken time out to toast not only its own success but that of portfolio project THENA, which it has both invested in and integrated its flagship technology into. Having spotted THENA’s potential at an early stage, Orbs took the unusual move of investing directly in the BNB Chain liquidity protocol and its boldness has been richly rewarded.
THENA’s Rise Shows Orbs’ Acumen
The collaboration between Orbs and THENA began in early 2023 when Orbs founder Ran Hammer astutely identified THENA as a project to watch. Swiftly, his thesis went from passive monitoring to active investing. Orbs put $600,000 into THENA and integrated its suite of Layer-3 trading tools, laying the foundation for a fruitful collaboration.
Fast forward to 2024 and THENA has evolved into a universal DeFi hub thanks in no small part to Orbs’ advanced infrastructure. From dTWAP and dLIMIT to Liquidity Hub and Perpetual Hub, Orbs tools have equipped THENA users with greater functionality, rivaling the user experience of centralized exchanges while preserving the principles of decentralization.
Bringing CeFi to DeFi
Two of Orbs’ standout contributions to THENA have been dTWAP and dLIMIT. These tools have not only enhanced THENA’s range of services but also redefined what traders can expect from a DEX.
dTWAP (Decentralized Time-Weighted Average Price) empowers traders to execute large orders over time without causing significant market impact. By splitting trades into smaller chunks executed at intervals, dTWAP minimizes slippage and ensures better price execution. This feature, traditionally seen in centralized finance, is fully decentralized, giving traders the confidence to execute sophisticated strategies.
And then there’s dLIMIT (Decentralized Limit Orders), allowing DEX traders to set precise price levels at which to buy or sell assets, enabling them to automate their trading strategies. With dLIMIT, users enjoy the flexibility and control associated with CEXs while trading in a decentralized environment. This innovation bridges the gap between DeFi’s promise and CeFi’s functionality and has been integrated into a string of EVM-based DEXes, from THENA to SushiSwap.
Binance Listing Crowns Memorable Year
The partnership between Orbs and THENA was further validated in November when the THENA token was listed on Binance. Given the scrutiny Binance now applies to projects whose tokens it lists, it’s a considerable feat to have achieved and a testament to THENA’s trajectory.
Orbs played a pivotal role in preparing THENA for this moment. By integrating Layer-3 tools and supporting THENA’s global expansion, Orbs ensured THENA had the infrastructure, liquidity, and user base to thrive on a global stage.
From hosting community events in Seoul to showcasing THENA’s innovations at major conferences like Token2049, Orbs has helped THENA build a strong international presence. Beyond the technical integrations, Orbs has been instrumental in THENA’s global expansion. This holistic approach, combining cutting-edge technology, strategic investment, and community engagement, has established THENA as a dominant force on BNB Chain and a blueprint for future DeFi collaborations.
This article was written by FM Contributors at www.financemagnates.com.
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