GRVT Mainnet Alpha Goes Live, First Hour Trading Volume Hits $15 Million

How GRVT’s Mainnet Alpha combines regulated DeFi principles with self-custodial CEX features, reaching $15 million in trading volume within its first hour.

In a significant development for decentralized finance (DeFi), GRVT (pronounced “gravity”) today announced the official launch of its Mainnet Alpha. GRVT is the world’s first regulated decentralized exchange (DEX) that also operates as a self-custodial centralized exchange (CEX), bringing together security, regulatory compliance, and a user-focused trading experience.

In the first hour of the Alpha phase, GRVT reported a trading volume exceeding $15 million, including more than $8.7 million in BTC trades and $6.4 million in ETH trades. A broader array of trading pairs, product features, and rewards will be rolled out in the upcoming weeks. 

The inaugural batch of institutions trading on GRVT includes: QCP, Galaxy Trading Asia Limited., Ampersan, Arbelos, Amber Group, IMC, Flow Traders, Pulsar, Selini, and others.

To date, nearly 30,000 KYC-verified users are already registered on GRVT, indicating a strong initial base primed for considerable trading engagement—an initial figure notably higher than that of some other market participants at their launch.

Users can also start seamlessly transferring assets between GRVT and CEX accounts or crypto wallets using Proxy Bridge, an innovative cross-chain transfer solution from XY Finance, a leading DEX and bridge aggregator.

GRVT has coined many industry firsts, challenging typical TradFi and DeFi norms and redefining possibilities for the financial sector on the blockchain.

Key highlights include obtaining the Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA), finalizing contractual commitments for a monthly trading volume of $4.2 billion from 55 institutional clients and 17 market makers, and being the first to introduce gas-free cross-chain transactions from a CEX to a DEX.

Hong Yea, Co-founder and CEO of GRVT, said. “Today marks a historic day for GRVT. We’ve built the world’s first compliant, licensed blockchain-settled exchange, and are pioneering the building of the CeDeFi world. Our vision has always been to redesign and rebuild the global financial system on blockchain, though it’s been a challenging journey. This milestone wouldn’t have been possible without the unwavering support and dedication of our team, our trusted partners, and the retail users who have put their faith in what we’re building.” 

GRVT is built as a validium ZK Chain, forming part of the Elastic Network powered by ZKsync. The validium ZK Chain is an L2 blockchain solution intended to scale Ethereum while ensuring data confidentiality, enabling GRVT to effectively expand its network and improve interoperability. ZKsync’s technology grants adaptability for novel financial products while maintaining compliance, privacy, and security. Its role as the foundational infrastructure for GRVT also underscores ZKsync’s position as a leading blockchain for institutional-grade, on-chain finance.

Alex Gluchowski, Co-Inventor of ZKsync, said “It is great to see innovative and regulated DEXs like GRVT successfully launch utilizing ZKsync’s technology and joining the Elastic Network. GRVT’s innovative approach to on-chain finance and status as the world’s first regulated DEX exemplifies the ability of ZKsync’s scalable and compliant infrastructure to empower evolving financial applications within the Ethereum ecosystem. ZKsync is building Web3 without compromise.” 

“This is just the very beginning of our envisioned future, and we look forward to bringing even more exciting developments in the journey ahead,” Hong added.

About GRVT
GRVT (pronounced “gravity”) is recognized as the world’s first regulated DEX. Founded in 2022, it operates as a hybrid derivatives platform, combining off-chain order matching with on-chain settlements at speeds reaching 600,000 TPS. GRVT’s mission is to reimagine the global financial system using blockchain technology, enabling more people to generate and fully own their wealth without restrictions. With a vision of becoming the “Goldman Sachs on blockchain,” GRVT leverages institutional expertise to advance decentralized finance. The ultimate goal is to create an open, scalable financial marketplace where anyone can easily access a range of financial products.