Thena — major ALPHA update for SYMMIO’s longest-standing partner

The latest major update includes an upgraded UI and UX, stop-loss and take-profit tools, customizable features, and a Trade-to-Earn program.

ALPHA V0.X: Building and Scaling for the future of on-chain derivatives

SYMMIO frontend partner, Thena, has just announced its V0.X update for ALPHA, marking the end of its beta phase and introducing a host of new features and additions to the platform.

Accompanying a new-look interface, some improvements to the system include:

• Custom layouts
• Advanced account analytics
• Grouped positions
• Floating notifications

Included in this update is the implementation of a stop-loss / take-profit tool, along with estimated liquidation prices, enabling users to better manage their solvency and account health.

Trade-to-Earn Program

There’s now even more reason to trade on ALPHA with added trading incentives through the Trade2Earn program. Currently, users can earn a share of $1,000 every day based on their trading volume, which resets daily at midnight UTC.

Track your volume, estimated rewards, and more via the Trade2Earn dashboard.

Start trading over 260 futures markets on ALPHA here.

A quick recap

Thena was the first Frontend to launch on SYMMIO. With a long-standing relationship between the two teams, Thena was an early adopter, believing in SYMMIO’s approach to intent-based derivatives. In September 2023, Thena launched ALPHA on BNB chain. This was the beginning of a new era, the first public release of a SYMM-powered frontend, giving users a glimpse into the future of scalable, on-chain derivatives. ALPHA launched with over 150 assets with up to 60x leverage, a memorable day for both SYMMIO and Thena, but this was just the beginning.

Thena has been growing from strength to strength as a DEX. To date, nearly $10B in volume has passed through their platform, with a TVL nearing $40M and generating over $18M in total revenue. They’ve positioned themselves as one of the top DEXs on BNB, generating value for $THE holders and constantly innovating. Starting as a spot-only DEX, Thena is now investing heavily in its futures offerings and beyond and we’re excited to see what the future holds for this committed team of builders.

Building partnerships for the future

Thena has been strategic in aligning and cementing partnerships with key industry players. One that stands out is their connection with Orbs, implementing their innovative tech, most notably their Liquidity Hub, which supercharges Thena’s spot-trading DEX. Orbs also invested $600k into Thena, solidifying their commitment to building for the future and collaborating with forward-thinking teams.

In February of this year, a collaboration with IntentX was announced, utilizing their Serviced Frontend offering to take ALPHA to new heights.

With SYMMIO as the infrastructure and settlement layer, and IntentX adding significant UX, tooling, and feature updates, Orbs rounds off the list of core partners, providing their solver network along with continued tech innovation.

ALPHA and Beyond

This latest major upgrade is not where the innovation ends. Thena has got a lot more coming down the pipeline soon.

ARENA

ARENA is a social hub designed for users and partners to create fully customizable trading competitions that can be run on both spot and perps. It will also allow protocols to run activities around specific tokens or simply promote community engagement.

The platform will be permissionless, with protocols able to tweak competitions to their liking and leverage ARENA for focused community activities.

opBNB

Thena deployed its spot offerings on opBNB in December of 2023. ALPHA will follow suit, with plans to launch on this high-performance layer-2 very soon. opBNB is built for high capacity and low-cost transactions, the perfect environment for scaling an on-chain derivatives trading platform. ALPHA’s opBNB launch will also include new platform features and upgrades. We’re looking forward to expanding the SYMMIO ecosystem to opBNB with Thena very soon.

Join the Thena community today

With Thena, there is something for everyone. Make sure to join their community, stay up to date with their regular upgrades and releases, and take advantage of all of the activities going on across their platform.

Follow their Twitter and join their Discord, there’s plenty more to come from this innovative team.