Hybrid Exchange GRVT Accomplishes $3.3 Billion Monthly Trading Volume Ahead of Mainnet Launch

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As a seasoned analyst with over two decades of experience in the financial sector, I must say that GRVT’s recent milestone and plans for mainnet launch have caught my attention. The $3.3 billion monthly trading volume is not just impressive; it’s downright eye-catching. The strategic partnerships with heavyweights like Galaxy Trading Asia Limited and Amber Group add credibility to GRVT’s proposition as a trusted hub of liquidity and market stability, especially during volatile market conditions.

GRVT, the official Validium ZK Chain from ZKsync, recently unveiled its significant trading volume achievement and plans for a mainnet launch in the fourth quarter of 2024. This includes details about their self-custodial crypto exchange as well.

GRVT crypto exchange reaches $3.3 billion in monthly trading volume

The hybrid cryptocurrency platform GRVT has entered into collaborations with sixteen significant market-making giants such as Galaxy Trading Asia Limited., Ampersand, Amber Group, IMC, Flow Traders, Pulsar, QCP, Selini, among others.

🎉 Announcement! Our Open Beta Testnet for the future-forward hybrid exchange, Graviters, is now active on Zksync.

— GRVT (@grvt_io) August 5, 2024

The partnership, backed by a $3.3 billion monthly trading commitment from Galaxy Trading Asia Limited, DV Chain, CMS, and other major partners, solidifies GRVT’s role as a reliable source for liquidity and market stability, especially in turbulent market situations.

Hong Yea, founder and chief executive officer of GRVT, spoke about recent achievements and future partnerships with prominent market players.

We greatly appreciate the faith our partners have shown in us. Navigating financial markets can be tough. GRVT dreams of a unified platform where people can trade various assets effortlessly. These collaborations are crucial initial moves towards our goal of providing a hassle-free and effective platform for implementing investment strategies, trading, and amassing self-managed wealth in an open, decentralized setting through liquidity pools, smart contracts, and community distribution.

Prior to the planned GRVT Mainnet launch in the fourth quarter of this year, this significant milestone has already been reached, demonstrating the strong eagerness and trust in GRVT’s unique blend of traditional financial markets (TradFi) efficiency and secure blockchain settlement systems, as evidenced by the market.

2.5 million crypto users applied for GRVT waitlist

John Cahill, as the COO of Galaxy Trading Asia Ltd, underscores the significant role that GRVT’s advancements and accomplishments play in advancing the ZK sector.

Platforms such as GRVT are pioneering advanced hybrid systems that skillfully combine the robustness of Traditional Finance (TradFi) and Decentralized Finance (DeFi). These hybrid models provide a significant amount of liquidity and essential infrastructure for seamless, secure transactions involving various digital assets and derivative products. The involvement of key industry players and the growing influx of liquidity into this field highlight the immense potential that lies ahead.

GRVT’s Open Beta Test Network is now active, boasting over 2.5 million individuals who have signed up on the waiting list.

2022 saw the debut of GRVT exchange, a platform facilitating swift, secure, and private off-exchange order matching and on-exchange settlements with an impressive throughput capacity of up to 600,000 transactions per second (TPS).

The platform is backed by Matter Labs, developer of Ethereum‘s L2 solution zkSync.

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2024-09-09 19:39