Thena
THE#1314 by market capNot covered. The criterion it missed: no roadmap or documentation page linked from the homepage.
Thena is for trading without a middleman. We have not written its record yet, so its promises are not checked. It trades at $0.0669, #1245 of all coins by size, 98% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #23 of 47 perpetuals. 1 reason to be careful.
Is it real?
Reasons to be careful:Half the supply still to come
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3 of 4
- ✓A real-world jobReal-world purpose: trading without a middleman
- ✓Real backingBacking: trades on Binance
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $9.22M, 84 times smaller than Jupiter, the biggest coin within reach doing the same thing (Perpetuals)
No named backer
- Origin27 November 2024about about 22 monthsthena.fi, GitHub
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorListed on Binance
- Standing on the recordNo recordNo dated promise to judge yet0 headlines last monthNo corrections needed so far
It is already worth more than the typical coin in Perpetuals ($8.88M). To match the leader, Jupiter ($774.17M), its price would need to rise 8298%, to about $5.62.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Listed on fewer than two big exchanges (Binance)
- No named investor among its tags
- Only 0 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Trading without a middleman
121 coins tagged Decentralized Exchange (DEX), worth $32.69B together. #66 of 121 by worth.
Perpetuals: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Thena$9.22Mthis coin+0.3%42% outno record
Jupiter$774.17M84.0× bigger, +$764.95M−1.1%, gap −1.433% outno record
PancakeSwap$729.25M79.1× bigger, +$720.03M−0.7%, gap −0.980% outno record
Raydium$369.38M40.1× bigger, +$360.16M−3.1%, gap −3.449% outno record
Derive$140.15M15.2× bigger, +$130.93M−1.6%, gap −1.867% outnone dated
Genius$101.02M11.0× bigger, +$91.8M−0.1%, gap −0.434% outno record
dYdX$94.15M10.2× bigger, +$84.93M−2.4%, gap −2.785% outnone dated
GMX$76.98M8.4× bigger, +$67.77M−6.6%, gap −6.979% outnone dated
Perpetuals: this coin next to Jupiter, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Thena says
- Inspired by the vote-escrow model from Curve and the anti-dilution mechanism from Olympus.
- Jupiter says
- Jupiter is a cryptocurrency exchange platform on the Solana blockchain, offering features such as token swapping, limit orders, dollar-cost averaging.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Inspired by the vote-escrow model from Curve and the anti-dilution mechanism from Olympus, veTHE holders control 100% of Thena’s emissions allocated to gauges and benefit from weekly rebases, reducing dilution from emissions over time.
Problem it says it solves: trading without a middleman. 121 coins are working on it and together they are worth $32,689,035,928. This coin is 0% of that.
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
1 reason to be careful
- Half the supply still to come58% of the maximum supply is still to come
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Perpetuals: this coin next to the group's largest, Jupiter.
| Thena | Jupiter | |
|---|---|---|
| Years trading | 2 years | 3 years |
| Major exchanges | 1 | 9 |
| Named backers | 0 | 0 |
| Headlines, last month | 0 | 44 |
| Promises delivered | no record | no record |
What it says is different: Inspired by the vote-escrow model from Curve and the anti-dilution mechanism from Olympus, veTHE holders control 100% of Thena’s emissions allocated to gauges and benefit from weekly rebases, reducing dilution from…
It is 1.2% the size of Jupiter. On the facts above it is behind on major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.
Printed the same way as the reasons for: facts from the record, the tags and the market feed. Never a verdict, never the word sell.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $4.03 on 27 November 2024. Today is 2% of that.
42%
of all THE that will ever exist is already out in public hands: 137.9M coins.
58% (188.22M coins) is not yet created or held by the project. That is a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Perks on its own exchange
Fee discounts and access on the exchange that issued it. Its demand follows that exchange.
- Fee discounts and access on the exchange that issued it
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 137.9M of 326.12M.
- 188.22Mcoins still to be released, 58% of the maximum. Releases can add selling pressure.
- 2.1×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $4.03 on 27 November 2024. That is −98.3% from the top.
- #1245by market cap, $9,218,543.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $4.66M is locked in it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Nothing in the news this month.
Nothing matched in the last month from the sources we read. CoinDesk, Cointelegraph, Decrypt, The Block, plus Google News searches for coins with a record and the top 100.
The record itself
Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy