GRV (pronounced “gravity”)A decentralized exchange (Dex) Privacy focused on chain finances, raised $ 19 million in series A series.
La Ronde was co-directed by ZKSYNC, its fundamental technological partner, as well as other companies, EIGENCLOUD (formerly Eigenlayer) And 500 global, the company announced by e-mail on Thursday.
Built on the ZKSYNC Validium L2, GRVT uses zero knowledge (ZK) The evidence to ensure that transactions inherit security at Ethereum level while keeping the details of private trade and low payment costs. The company says that this architecture addresses long -standing obstacles to the general adoption of chain financing: confidentiality, scalability and accessibility.
ZK technology is a cryptographic method in which a party can demonstrate to another that some information is true, without revealing anything about said information. This is an important facet of finance based on the blockchain because it allows users to check transactions and transfers without revealing anything on the sender, the receiver, the amount.
“Confidentiality is without compromise for the future of trading and chain investment,” said co-founder and CEO Hong Yea, adding that GRVT aims to establish the standard for how zero-connoissance cryptography feeds the financial markets.
The increase comes in the middle of an resurgence of Ethereum activity, the chain volume of August exceeding 320 billion dollars, its highest since mid-201. Donors consider GRVT as a potential liquidity center for a chain financial market of billions of dollars, with applications covering crossed vaults, transversal interoperability, active real world and structured options, according to the announcement.
