T

Thena

THE/USD #1419 Crypto
$0.0512+0.47%24h
24h Range
$0.0505$0.0524

THE to USDT Converter

1 THE = 0.051329 USDT · updated 06:21 UTC

Volume Bubbles Chart (1h)

Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.

Seasonal Chart

Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.

Thena Markets

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Thena Historical Data

About Thena (THE)

THENA (THE) is the utility token of THENA, a decentralized exchange and liquidity protocol on BNB Chain. Its token design separates liquid THE from veTHE, a vote-escrowed NFT position created by locking THE for governance. Official documentation describes weekly emissions used to attract liquidity, while veTHE holders vote on liquidity gauges and may receive fees and partner incentives from pools they support. These mechanisms depend on current protocol rules and activity. THE's FMchart series uses available US-dollar market observations and may differ from an individual exchange's quote.

Trading and liquidity on BNB Chain

THENA provides decentralized trading and liquidity pools for supported assets. Users swap tokens through smart contracts rather than a traditional broker, and liquidity providers supply assets that traders use. Pool depth, fees, token volatility and contract configuration affect the outcome of a swap. A token listed in a decentralized exchange is not automatically safe or liquid, and the availability of a pool can change as liquidity providers add or remove assets.

THE emissions and incentives

THENA's documentation describes THE emissions as incentives for liquidity providers. Weekly emissions can help attract liquidity to selected pools, but they also introduce new tokens into circulation. The economic effect depends on trading activity, fee generation, demand for locking and the allocation approved under current rules. Emissions should therefore be read as a protocol mechanism rather than a guarantee that liquidity or token value will rise over time.

Locking THE to receive veTHE

Users can lock THE for up to two years to receive veTHE, represented as an NFT. Longer lock durations provide more voting power, while the veTHE balance decays as the remaining lock period shortens. A veTHE position is different from liquid THE because it has time-based restrictions and governance mechanics. The NFT can be managed under protocol rules, but users should understand lock duration, voting epochs and exit limitations before committing tokens.

Gauges, fees and partner incentives

veTHE holders vote on gauges that direct THE emissions to selected liquidity pools. THENA's documentation says eligible voters can access a share of trading fees from participating pools and partner-deposited voting incentives. Eligibility depends on the pool and whether its liquidity providers selected the relevant fee arrangement. Votes reset on weekly epochs, so rewards can require ongoing participation. Fee flows are variable and depend on trading activity, partner incentives and the rules in force for that epoch.

Risks and governance changes

THENA's model combines token emissions, liquidity provision and time-locked governance. Token holders face dilution if emissions exceed offsetting demand, while liquidity providers face price changes and smart-contract risks. veTHE holders may lose voting influence as locks decay, and fee eligibility depends on active gauge votes. Review the current contracts, tokenomics and pool terms before using the protocol. Documentation can change, so historic emission rates or fee percentages should not be assumed to remain active indefinitely.

Sources: THENA Docs — Tokens (THE, veTHE, theNFT) — https://docs.thena.fi/thena/the-tokenomics/tokens-the-vethe-thenft, THENA Docs — Official documentation — https://docs.thena.fi/, THENA — Official website — https://thena.fi/

Last reviewed: Oct 10, 2026

Thena (THE) FAQ

What is THENA (THE)?

THE is the utility token of THENA, a decentralized trading and liquidity protocol on BNB Chain. The protocol uses THE emissions to incentivize liquidity, while users can lock THE to receive veTHE for governance. The token's functions depend on the current protocol configuration and pool rules.

What is veTHE?

veTHE is the vote-escrowed form of THE, represented as an NFT position after users lock THE for up to two years. Longer locks provide more voting power, and the balance decays as the lock period runs down. It is not the same as freely transferable liquid THE.

How does THENA use token emissions?

THENA distributes THE emissions to incentivize liquidity providers in selected pools. Emissions can attract liquidity, but they also add tokens to circulation. Their effects depend on trading demand, fee generation, locking behavior and governance decisions, so an incentive rate should not be interpreted as guaranteed profit.

How do veTHE holders earn pool fees?

THENA's documentation says veTHE holders can vote on weekly gauges and access eligible trading fees and partner voting incentives from pools they support. Eligibility depends on the pool's fee arrangement and current rules. Voters may need to participate each epoch to maintain eligibility, unless an approved automation feature is configured.

How long can THE be locked?

THENA's token documentation lists a maximum veTHE lock of two years. The lock duration affects voting power, and the veTHE balance declines as time passes. Review the current interface and contract rules before locking because the position's restrictions differ from holding liquid THE.

Is THE a stablecoin?

No. THE is a utility token used in THENA's protocol economy, including liquidity incentives and the creation of veTHE governance positions. Its market price can fluctuate. It should not be confused with a stablecoin or with a claim on a fixed amount of dollars.

What risks affect THENA liquidity pools?

Liquidity pools can be affected by smart-contract vulnerabilities, price volatility, low liquidity, token-specific risks and changes to protocol incentives. Liquidity providers may experience impermanent loss or other outcomes that differ from simply holding the assets. Read the pool's current parameters and verify the contract before supplying funds.

What is the all-time high for THE?

FMchart's composite ATH is shown as $4.03 on Nov 27, 2024. The figure is the highest price in the available composite history, not a target or forecast. Prices on individual venues can differ due to liquidity, trading pairs and the length of their historical data.

How has THE performed over time?

To review THE's historical performance, use the chart on this page and select the period you want to compare. The available history may start later than the token's launch or differ from one exchange. Historical returns describe past price movements and cannot predict future results.

Where can I check current THE tokenomics?

Use THENA's official tokenomics documentation and current app to verify THE emissions, veTHE lock rules, gauge voting and eligible fee flows. These parameters can change through protocol decisions. For price and historical market context, use FMchart's chart and Price Statistics panel when market data is available.