GRVT’s $1.3 Billion Success: A Month of Miracles and Mayhem!

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Ah, GRVT, the illustrious child of the cryptocurrency realm, has taken its first wobbly steps into the world of finance, much like a toddler attempting to walk on a tightrope. In just thirty days since its grand debut, this so-called “gravity” has managed to attract over 33,000 KYC-verified customers, proving that even in the chaotic world of decentralized exchanges, there exists a semblance of order—at least on paper. 🎩

GRVT crypto exchange reaches $1.3 billion trading volume in 30 days

According to the official proclamation from the GRVT team, this hybrid exchange has celebrated its first month of alpha mainnet operations with a trading volume that would make even the most seasoned traders raise an eyebrow—$1.3 billion! One can only imagine the cacophony of excitement echoing through the digital halls of this exchange as they handled such a staggering amount across various pairs. 💰

— Hong Yea (@hong_grvt) January 22, 2025

In a feat that would make even the most skeptical of us nod in reluctant approval, GRVT has successfully onboarded 33,266 users, all of whom have passed the rigorous “Know Your Customer” checks. Who knew compliance could be so fashionable? Despite the initial doubts surrounding a compliant hybrid DEX, GRVT has proven that user growth and compliance can indeed share a cup of tea together. ☕

Hong Yea, the CEO, with the confidence of a man who has just discovered a new flavor of ice cream, declared that this bold start is merely the prologue to a grand saga. He mused,

“30 days is just the start. It doesn’t define the next 10 years of GRVT. It’s clear we’re building something truly transformative, and we’ll keep building the hard way, until the day that our finance can be trustless and self-custodial.”

Ah, the dreams of a visionary! One can only hope they come with a side of practicality.

In this inaugural epoch of their alpha mainnet, the GRVT team has also managed to ship over six new features, including configurable leverage and cross-chain bridging. It’s as if they’re trying to win a race while juggling flaming torches. 🔥

Daily active trader count exceeds 1,000

In a remarkable twist of fate, the daily active trader (DAT) count has soared past 1,000, a milestone that would make any DEX blush with pride. This is among the highest for a DEX’s first 30 days, proving that perhaps, just perhaps, there is a market for such audacious endeavors.

As previously noted by the ever-watchful U.Today, GRVT is crafting a hybrid orderbook-based CeDeFi, a term that sounds like it was conjured up in a brainstorming session gone awry, designed to merge the benefits of non-custodial and regulated services. A noble pursuit, indeed!

With its mainnet launch in December 2024, GRVT reached an eight-figure trading volume in mere minutes, leaving many to wonder if they had stumbled upon a magic lamp. 🧞‍♂️

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2025-01-27 19:29