GRVT (pronounced “gravity”)A decentralized exchange (DEX) Focused on privacy in finance in the chain, it has raised $ 19 million in funds from Serie A.
The round was directed by Zksync, his fundamental technology partner, along with other companies, Eigencloud (previously eigenlayer) And 500 Global, the company announced by email on Thursday.
Built in the ZKSYNC Validium L2, GRVT uses zero knowledge (ZK) Tests to ensure that transactions inherit security at the Ethereum level while keeping the liquidation costs and low commercial details. The company says that this architecture addresses the long -standing barriers for the conventional adoption of finance in the chain: privacy, scalability and accessibility.
ZK technology is a cryptographic method in which one part can demonstrate to another that a certain information is true, without revealing anything about such information. This is an important facet of blockchain -based finances, since it allows users to verify transactions and transfers without revealing anything about the sender, receiver and quantity.
“Privacy is uncompromising for the future of trade and investment in the chain,” said co -founder and CEO Hong Yea, and added that GRVT aims to establish the standard of how the cryptography of knowledge zero power enhances financial markets.
The increase is produced in the middle of a resurgence in the activity of Ethereum, with the volume of August in the chain that exceeds $ 320 billion, the highest since mid -2011. Sponsors see GRVT as a possible liquidity center for a financial market for billions of dollars in the chain, with applications that cover cross -exchange vault advertisement.
