GRVT, the earliest regulated DEX that also serves as a CEX, has witnessed a remarkable development just after launching its Mainnet Alpha. As per GRVT, Mainnet Alpha’s trading volume reached a staggering $15M within 1 hour following its launch.
GRVT Reaches $15M Just 1 Hour Following Mainnet Alpha’s Release
The platform mentioned that reaching the peak trading volume of $15M just in 1 hour of its Alpha phase denotes a landmark achievement. Particularly, this included more than $8.7M in Bitcoin trades while $6.4M in Ethereum trades. Based on this significant development, GRVT plans to soon offer rewards and a wider array of product features and trading pairs.
The initial entities to trade include Selini, Pulsar, Flow Traders, IMC, Amber Group, Arbelos, Ampersan, Galaxy Trading Asia Limited., and QCP. The platform permits the users to begin seamless transfer of assets between the GRVT as well as the CEX crypto wallet accounts. For this purpose, they can leverage Proxy Bridge, an innovative solution to streamline the cross-chain transactions.
Presenting the 1st Licensed Platform Pioneering a Unified CeDeFi Realm
Hong Yea, the CEO and Co-founder of GRVT, expressed excitement about this notable growth. The executive stated that the platform has developed the 1st licensed and compliant blockchain-settled exchange. Additionally, it is pioneering the development of a combined CeDeFi landscape. The company reportedly envisions redefining the worldwide financial sphere on blockchain.
The executive pointed out that GRVT’s journey has been very tough but the platform’s team has supported it. The platform also referred to its retail users and partners as the noteworthy contributors in this respect. As a result of this, the company has effectively attained its latest groundbreaking achievement.
The Company Delivers Effective Scalability and Interoperability
GRVT operates under the ZKsync-powered Elastic Network as a validium ZK Chain. It refers to a layer-2 blockchain solution that scales Ethereum apart from maintaining data privacy. It permits GRVT to efficiently scale the network along with improving interoperability functions. ZKsync offers customizability and delivers a forum for cutting-edge financial products in addition to ensuring security, privacy, and regulatory compliance.
Moreover, ZKsync works as the underlying infrastructure facilitating GRVT, highlighting it as the primary blockchain offering institutional-level on-chain finance. GRVT asserted that this is only the start of the platform’s planned future advancements. It reportedly intends to bring more unique developments to maintain its prestigious position among the users. Hence, the platform targets to boost its adoption with a unified CeDeFi forum.
Source: https://blockchainreporter.net/grvt-mainnet-alpha-sees-15m-in-trading-volume-within-1-hour-after-launch/