GRVT: Securing $3.3 Billion in Monthly Trading Volume With 16 Market Makers
As the official launch of its mainnet is scheduled for the fourth quarter of 2024, the hybrid crypto exchange GRVT is already making waves with a major announcement. GRVT has received a contractual commitment from 16 market makers to generate $3.3 billion in monthly trading volume. This pre-launch agreement not only highlights the market’s confidence but also signifies the growing appeal of hybrid exchanges, which aim to combine the best of centralized finance (CeFi) and decentralized finance (DeFi).
Certain members of the CoinAcademy team have invested in the GRVT project. (learn more)
Hybrid Infrastructure Redefining Crypto Exchanges
The technological innovation of GRVT is built upon a hybrid architecture designed to offer users a seamless trading experience while ensuring secure settlements through blockchain. According to GRVT’s co-founder and CEO Hong Yea, this CeFi-DeFi combination achieves an optimal balance of speed, efficiency, and security. Unlike fully decentralized platforms often criticized for their complexity and unintuitive interfaces, GRVT aims to simplify access to advanced trading solutions.
Hong Yea further explained in an interview that the key idea behind GRVT is to use blockchain solely for settlements while keeping the trading infrastructure, such as order books, off-chain. This model allows GRVT to differentiate itself from other centralized exchanges while ensuring a level of security akin to decentralized platforms.
The Challenge of User Interfaces in DeFi
A recurring criticism of DeFi is the complexity of its user interface. Despite the promise of intermediary-free finance, many users still prefer centralized platforms due to their user-friendliness. For Hong Yea, one of the major challenges of DeFi remains its accessibility. Many crypto beginners are deterred by the steep learning curve of DeFi platforms.
This is precisely the challenge that GRVT aims to overcome with its hybrid approach. The goal is to make DeFi tools as user-friendly as those on centralized platforms while ensuring secure settlements on the blockchain.
Strategic Partnerships Before Mainnet Launch
To ensure a successful launch, GRVT has formed strategic partnerships with 16 leading market makers in the crypto ecosystem, including Galaxy Trading Asia, Ampersan, Amber Group, and DV Chain. These collaborations aim to guarantee high liquidity and sufficient trading capacity to attract institutional traders and individual investors.
These partnerships play a key role in GRVT’s mission to provide a unique platform where “anyone can trade anything.” By offering a centralized interface for diversified exchanges, GRVT aims to become the preferred destination for traders seeking to deploy sophisticated investment strategies while retaining custody of their assets.
Expected Exponential Growth but a Long Road Ahead
Despite an impressive $3.3 billion monthly trading volume commitment, GRVT still lags behind major players like Binance, which recorded a trading volume of $484 billion in August 2024. However, with over 2.5 million users already on the waitlist and solid strategic collaborations, GRVT could become a key player in the crypto exchange landscape.
The real challenge for GRVT will be to maintain this momentum after the launch of its mainnet. The exchange must prove that it can not only attract users but also retain them with a platform that combines security, speed, and user-friendliness. As the crypto market continues to evolve, hybrid exchanges like GRVT could play a crucial role in democratizing decentralized finance.
