Orbs Invests $600K in BNB Chain Liquidity Layer THENA

Key Takeaways

• Orbs have invested $600,000 into BNB Chain decentralized THENA to help expand its product.
• In addition to the investment, Orbs will provide THENA with specialized technical infrastructure that optimizes on-chain swap and furnishes deeper liquidity.

Blockchain infrastructure provider Orbs has announced a $600,000 investment in THENA, an emerging decentralized exchange (DEX) and liquidity layer, to refine its trading experience, penetrate the high-value Asia market, and cement its position as a top DEX on BNB Chain.

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With this investment, Orbs aims to unlock the potential of EVM-compatible chains by furnishing developers with robust infrastructure solutions. Regardless of the ecosystem it occupies, its willingness to back THENA underscores a commitment to empowering exceptional web3 projects wherever they operate.

In addition to providing vital funding, Orbs will supply THENA 6with tailored technical solutions that optimize on-chain swaps and furnish deeper liquidity. 

The two parties already share a history of fruitful collaboration after THENA integrated Orbs’ dLIMIT and dTWAP modules in June 2023, allowing traders to utilize advanced order types and set time-weighted average price orders in a fully decentralized manner.

Commenting on the $600,000 strategic investment, THENA CEO and Co-Founder Ankit Saxena said:

“We’re excited to see our collaboration with Orbs evolve into a deeper strategic partnership. The Orbs team, builders like us, consistently demonstrates a forward-thinking approach and immense DeFi expertise. This investment is a testament to our shared vision of developing THENA into the premier DEX on BNB Chain.”

Furthermore, THENA will channel the new capital influx towards improving its user experience, penetrating the valuable Asian crypto market via heightened PR and community initiatives, devising growth hacks to boost engagement, and building a treasury to guarantee long-term sustainability.  

Orbs is a public blockchain infrastructure designed for mass usage applications and close integration with EVM-based L1’s such as Ethereum, BNB Smart Chain and Polygon.

The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. Orbs pioneers the concept of L3 infrastructure, by utilizing the Orbs decentralized network to enhance the capabilities of existing EVM smart contracts, opening up a whole new spectrum of possibilities for Web 3.0, DeFi, NFTs, and GameFi.

Conclusion

By investing both capital and focused infrastructure support into THENA on BNB Chain, Orbs is signaling its commitment to empower outstanding projects in any ecosystem to achieve their vision. As a backer of promising teams across blockchain space, Orbs helps to drive interoperability and make decentralized services easily accessible to all.