ChainCatcher news, the hybrid crypto exchange GRVT has officially launched its Alpha mainnet. In the first hour of the Alpha mainnet going live, GRVT's trading volume set a record of over $15 million, with BTC trading volume exceeding $8.7 million and ETH trading volume exceeding $6.4 million.It is reported that the first batch of institutions trading on GRVT includes: QCP, Galaxy Trading Asia Limited, Ampersan, Arbelos, Amber Group, IMC, Flow Traders, Pulsar, Selini, and others.GRVT co-founder and CEO Hong Yea stated, "Today is a historic day for GRVT. Our vision has always been to redesign and rebuild the global financial system on the blockchain, even though it is a challenging journey."Additionally, according to the Web3 asset data platform RootData, GRVT (Gravity) is an institutional-grade cryptocurrency trading infrastructure where institutional traders can access a fully private, regulated (KYC and AML), and self-custodied trading venue. Its hybrid exchange (HEX) uses zk-supported volition technology to separate trading and custody functions, eliminating counterparty risk.

ChainCatcher news, according to Cointelegraph, the hybrid cryptocurrency exchange GRVT has announced that it has obtained a modified (M) digital asset business license from the Bermuda Monetary Authority (BMA), allowing the exchange to operate as a regulated decentralized exchange (DEX).GRVT co-founder and CEO Hong Yea stated that after obtaining the initial M class license under the Bermuda Digital Asset Business Act (DABA), its goal is to obtain a full (F) class license by mid-2025 and further expand its business in a sandbox environment.

ChainCatcher news, according to The Block, the cryptocurrency trading platform GRVT will launch its Open Beta testnet on August 5, distributing 2.4 million ZK tokens to the first 30,000 early testers (account verification and first transaction required).According to RootData, in March 2024, GRVT completed a $2.2 million strategic funding round, with participation from QCP Capital, Selini Capital, Antelope, Pulsar Trading, and Ampersan. So far, GRVT's total funding has reached $9.3 million.

ChainCatcher news, the next-generation hybrid model exchange GRVT announced that it will return all the ZK tokens it has obtained to the GRVT community users in phases through a brand new "ZK Ecosystem Reward Program." This initiative aims to enhance its total value locked (TVL) and trading volume on the ZKsync mainnet. Users can also earn more rewards by participating in the blind box event co-hosted by GRVT and ZKsync.In addition, GRVT has launched an independent GRVT Ecosystem Reward Program, aimed at continuously rewarding the co-builders and contributors of the ecosystem in its future token issuance. After ZKsync airdropped nearly 2 million ZK tokens to the GRVT protocol, GRVT initiated this reward program.It is reported that dozens of other ZKsync ecosystem projects may follow GRVT's approach and return 100% of the airdrop proceeds to community users.

ChainCatcher news, the hybrid on-chain exchange GRVT announced the completion of a $2.2 million strategic funding round, with participation from QCP Capital, Selini Capital, Antelope, Pulsar Trading, and Ampersan. To date, its total funding amount has reached $9.3 million.GRVT stated that after the completion of this funding round, it will launch a central limit order book for perpetual contracts and options trading, as well as request for quotes (RFQ) and spot trading later this year.

ChainCatcher news, the hybrid on-chain exchange GRVT of the zkSync ecosystem announced on platform X that its waiting list has exceeded 2 million users, and the official date for the internal testnet will be announced tomorrow.According to RootData, GRVT (Gravity) is an institutional-grade cryptocurrency trading infrastructure where institutional traders can access a fully private, regulated (KYC and AML), and self-custodied trading venue. GRVT completed a $39 million funding round last September, raising $5 million, led by Matrix Partners and Delphi Digital, with participation from C² Ventures, CatcherVC, ABCDE Capital, Hack VC, Folius Ventures, and others.

ChainCatcher message, the hybrid on-chain exchange GRVT posted on X that it is building an application chain based on ZK Stack. ZK Stack is a modular framework that builds custom ZK-supported superchains based on the open-source code of zkSync Era.

ChainCatcher news, according to official sources, the hybrid cryptocurrency exchange GRVT has announced an airdrop reward program aimed at enriching the trading experience of the early community through participation rewards. The reward program specifically targets active traders and users who genuinely engage with the platform, prioritizing rewards for actual trading activities, with the goal of encouraging users to use the platform more meaningfully rather than merely compensating inactive participants.It is reported that the airdrop reward program will allocate 10% of the total GRVT token supply, distributed over two quarters within the first 18 months. Additionally, each participant will receive a zkSync mystery box. In the first quarter, rewards will focus on contributions to community building, allocating 3% of the total GRVT tokens, and users can earn GRVT points in three different phases. The distribution of token rewards will be based on the relative points accumulated by users during these phases. This system ensures that users' active participation and contributions are fairly rewarded in the overall distribution of GRVT tokens. The reward system for the first season includes three phases: early ambassador invitation points (October 2023, completed); a limited invitation points mechanism (December 7 until mainnet launch)* with the expected mainnet launch date in April 2024; ecosystem trading points (from mainnet launch to 9 months post-launch). In the second phase, the more trades invited users make, the more points users will earn.In the second quarter, the airdrop rewards will primarily focus on trading rewards, allocating a total of 7% of GRVT tokens. Additionally, regarding the zkSync mystery box, it will be awarded based on the overall activity of users, with boxes of varying rarity. More details will be disclosed later.

ChainCatcher news, the Web3 data platform RootData announced the October hot search list, with the modular blockchain network Celestia, cross-chain oracle Supra, action RPG game Big Time, Layer 2 solution Scroll, and institutional-grade crypto trading infrastructure GRVT ranking in the top five.This list is based on RootData's monthly search data of nearly 100,000 searches, accurately reflecting the market popularity and user attention of Web3 projects. Other projects included in the monthly search list are RepubliK, Linea, Aleo, Manta Network, zkSync, ZTX, DappOS, Kroma, Port3, Lightlink, LayerZero, Memeland, Sui, De.Fi, and Farcaster.

ChainCatcher news, according to The Block, the hybrid cryptocurrency exchange GRVT will become the first hyperchain in the zkSync ecosystem. Matter Labs stated that GRVT will provide a user experience similar to Robinhood and self-custody features akin to the Uniswap exchange.

ChainCatcher news, according to The Block, the hybrid on-chain exchange GRVT has raised $7.1 million in pre-seed and seed funding at a valuation of $39 million.The seed round raised $5 million, co-led by Matrix Partners and Delphi Digital, with participation from Susquehanna Investment Group, CMS Holdings, Hack VC, and Matter Labs. The pre-seed round raised $2.1 million, with investors including 500 Startups and Folius Ventures.Hong Yea, co-founder and CEO of GRVT, stated that this round of financing began in August of this year and added that the pre-seed round was completed in October 2022. Both rounds of financing were equity financing with token warrants.

ChainCatcher news, GRVT's official Twitter statement, will launch a hybrid exchange on zkSync, aiming to combine scalability and security to provide users with a more convenient and secure trading experience.According to information from the GRVT official website, the hybrid exchange (HEX) created by its team uses zk-driven volition technology to separate the exchange and custody functions. With the support of a central order matching engine, blockchain-native settlement, and smart contract-driven margin management, it eliminates counterparty risk through trading infrastructure, allowing assets to be fully self-custodied by users.