THENA V3 ⭐ Rate it

Trust Score Rank
#264
24h Volume (BTC)
83.923921439759
Country
Cyprus
Established
2023
Author
Alan Zelvin
Alan Zelvin
Founder & Research Lead
Reading time
2 min
Comments
0
Dates Published / Modified
/

THENA V3 exchange snapshot

Decentralized (DEX). Country Cyprus. Established 2023. Trust rank 264. Reported 24h volume 83.92 BTC.

Coverage: 33 active pairs across 23 tradable assets. Top ten pairs share 96.0%. Key pairs include BSC-USD/USDC, 0X7130D2A12B9BCBFAE4F2634D864A1EE1CE3EAD9C/WBNB, WETH/WBNB, WETH/0X7130D2A12B9BCBFAE4F2634D864A1EE1CE3EAD9C. Leading pair BSC-USD/USDC. Median spread on leading markets 0.61%. Volume mix: WBNB is the largest tracked quote currency at about 58.1% of measured flow. Data scope: 38 tickers observed, with spread readings on 37 markets.

How to read these exchange metrics

Trust rank is a comparative venue metric, not a guarantee of solvency or customer protection. Coverage counts observed markets, while concentration shows how much measured volume is assigned to the leading pairs. Median spread summarizes the bid ask gap in the observed leading markets; actual execution also depends on order size, depth, location, and market conditions.

Methodology responsibility: YearBull’s analytical methodology and presentation rules are developed and maintained by Alan Zelvin, Founder & Lead Crypto Researcher. This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.

Figures may change as exchange and ticker snapshots are refreshed. Read the YearBull methodology.

THENA V3 liquidity and coverage analysis

The current local dataset contains 33 observed pairs, 23 represented assets, 38 ticker records. The ten leading pairs account for about 96.0% of measured volume, a concentrated distribution. Median spread across the observed leading markets is 0.61%. The local volume series contains 30 points; its first to latest change is -52.2%, with a median observation of 12.92 BTC.

Coverage and reported volume show the scope of observed markets, not custody quality, solvency, regulatory availability, or guaranteed execution. Pair level depth and withdrawal conditions should be checked for the intended transaction.

Exchange Notes

Table of Contents
  1. THENA V3 exchange research overview
  2. Coverage and concentration
  3. Historical volume context
  4. How to evaluate THENA V3
  5. Key risks and limits
  6. Primary sources and review scope

THENA V3 exchange research overview

THENA V3 is tracked as a decentralized exchange under thena-v3. The source profile lists Cyprus as its country or jurisdiction. A founding or launch year of 2023 is recorded. This profile analyzes observed market structure and is not an endorsement.

Coverage and concentration

The dated snapshot contains 33 active pairs, 23 tradable assets, 38 ticker observations. The leading observed pair is 0X55D398326F99059FF775485246999027B3197955/0X8AC76A51CC950D9822D68B83FE1AD97B32CD580D with about 23.4% of measured volume. The ten leading pairs account for about 96.0%, which is concentrated. Median spread across leading observed markets is 0.61%.

Historical volume context

The local series contains 30 observations. First to latest reported volume changed -52.2%; the median was 12.92 BTC, compared with a measured range of 6.71 to 29.11 BTC. Reported activity does not by itself establish executable depth for a specific order.

How to evaluate THENA V3

Compare fees, pair level depth, deposits and withdrawals, custody or contract design, account protections, token verification, and local eligibility. At the 2026-09-12 review, the source trust rank was #264. Trust rank, coverage, concentration, and spread answer different questions and should be read together.

Key risks and limits

Smart contract faults, oracle or bridge dependencies, front end availability, token verification, pool depth, wallet security, governance, and routing can affect execution. Terms, interfaces, listed markets, and regulatory availability can change. Verify current conditions directly with the venue.

Primary sources and review scope

YearBull methodology | Official exchange website. Identity and cached market fields were reviewed on 2026-09-12. The live exchange snapshot may be newer than this editorial review.

Related Research

Continue with contextually connected profiles and category data:

Exchange Trade Volume

Your review on THENA V3

Your rating *

👍What you liked
You can leave this empty, but then fill the field on the right.
👎What you didn't like
At least one of these two fields is required.
All reviews are moderated before publication.
;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: