Orbs commemorates significant milestones with the listing of THENA (THE) on Binance, which enhances market visibility and trading solutions while also fostering DeFi growth.
Orbs, a prominent layer-3 blockchain infrastructure provider, commemorates significant milestones due to its strategic partnership with THENA. The partnership was significantly strengthened by Orbs’ investment and technical expertise, as evidenced by the largest crypto exchange, Binance, listing THENA. It has broadened its product line, fostering innovation in decentralized finance and enticing a broader user base.
Partnership between Orbs and THENA fosters innovation in the DeFi field
According to the ORBS press release, Orbs has fortified its status as a preeminent blockchain infrastructure provider by collaborating with THENA. This decentralized exchange is constructed on the BNB Chain. Orbs has provided THENA with strategic investments, sophisticated Layer-3 trading technologies, and targeted market expansion efforts since the partnership commenced in March 2023.
This synergy has introduced sophisticated features such as dTWAP, dLIMIT, and Liquidity Hub, significantly improving trading efficiency and liquidity management. The Perpetual Hub’s introduction further facilitated leveraged trading with reduced collateral, distinguishing THENA in the DeFi space. Additionally, a $600,000 investment expedited its roadmap and improved its long-term development.
THENA’s listing on the cryptocurrency exchange Binance represented a significant milestone in their endeavors. The accompanying airdrop campaign significantly enhanced the platform’s visibility and adoption, which garnered substantial user interest. These developments underscore the influence of their collaboration on the transformation of on-chain transactions and decentralized finance.
This partnership demonstrates the potential of next-generation infrastructure to revolutionize DeFi ecosystems by demonstrating how forward-thinking technology and financial support can redefine blockchain innovation.
What is the market performance of the tokens?
THENA’s price has decreased by 8% in the past 24 hours, presently at $2.70. Nevertheless, the token experienced a 1,200% increase in value in the week following its listing on Binance. This stock has a market capitalization of $212 million, a trading volume of $452 million, and a daily high and low range of $3.13 and $2.661, which indicates that investor interest has increased.
Conversely, the price of ORBS is currently trading at $0.037, with a 24-hour range of $0.033 to $0.03789. Despite Binance’s delisting of it during a routine review, it has grown steadily, with a 12% increase in the past week and an 18% increase over the past month. ORBS’s market capitalization is $118 million, and its trading volume is $43 million, indicative of the ongoing demand for the Layer-3 blockchain initiative.
THENA’s immediate impact from its Binance listing and Orbs’ sustained growth trajectory as a blockchain infrastructure provider is underscored by these contrasting performances. Both tokens’ expanding ecosystems and technological advancements are the driving forces behind their robust market activity.