TechFlow News — Hybrid cryptocurrency exchange GRVT has secured a commitment for $3.3 billion in monthly trading volume ahead of its mainnet launch.
The commitment comes from several prominent market makers, including Galaxy Trading Asia Limited, DV Chain, and CMS.
GRVT co-founder and CEO Hong Yea said this achievement is partly due to GRVT's hybrid technical architecture, which combines the advantages of centralized finance (CeFi) and decentralized finance (DeFi). The platform uses blockchain for settlement while keeping trading infrastructure and order books off-chain. GRVT aims to deliver a Web2-like user experience while maintaining secure blockchain-level settlement. Currently, GRVT has over 2.5 million registered users on its waitlist, with its mainnet scheduled to launch in Q4 2024.
